New York passes licensure changes bill
Accounting Today
JUNE 13, 2025
The New York State Legislature passed a bill establishing an additional pathway to CPA licensure, and another bill authorizing the use of electronic signatures.
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RogerRossmeisl
JANUARY 21, 2025
A recent New York statutory appraisal case provides a cautionary tale worth considering. However, when management prepares financial projections for another purpose such as a loan application repurposing them to estimate fair market value for litigation purposes may raise a red flag. Kraus USA, Inc.,
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Withum
MAY 12, 2025
On May 10, 2025, New York Governor Hochul signed the 2025-2026 budget bill into law. Including a payroll tax hike and new rules related to partnership audits. The rate for New York City employers will increase to nearly 0.9% Thus, New York’s federal adjustment reporting mechanism is not triggered.
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Accounting Today
AUGUST 11, 2025
In 2023, Cohen added Szymkowiak & Associates CPAs and its affiliate, Pear Consultants LLC , in Buffalo, New York, as well as BBDs Investment Management Group , a Philadelphia-based provider of audit and tax services for registered and unregistered investment companies. has acquired Armonk, N.Y. which closed in January of this year.
Withum
FEBRUARY 13, 2025
New York plans to align with the federal centralized partnership audit regime as part of Governor Kathy Hochuls fiscal year 2026 budget. New Yorks proposal would be retroactive to adjustments after January 1, 2018. Notably, New Yorks proposal would not recognize federal push-out elections or have a similar mechanism.
ThomsonReuters
JANUARY 30, 2025
Blog home The New York Fashion Workers Act , set to take effect on June 19, 2025 , introduces significant changes to the fashion industry, particularly for Model Management Companies (MMCs) and their clients. “But it is not clear whether any other state has equivalent regulatory standards today,” Lopez said.
CPA Practice
DECEMBER 6, 2024
3 settled disciplinary orders sanctioningNew York-based accounting firm Raines & Fischer and three of its partnersWilliam Fischer, Brian Uhlman, andSteven Sarrelfor violating PCAOB rules and standards. Staff report The Public Company Accounting Oversight Board (PCAOB) on Dec.
CPA Practice
NOVEMBER 8, 2024
Plainview, NY-based accounting firm ZBS Group has acquired fellow New York-based firm Saul Rosenberg CPA, effective Nov. West Islip, NY-based Saul Rosenberg CPA provides accounting and tax services to a wide variety of professional clients in the greater Long Island and New York City metropolitan area.
Shay CPA
APRIL 28, 2025
For startups in New York City, offering a 401(k) or other retirement savings plan is not only a smart move for attracting and retaining talentit may also be required by law. If you’re a startup founder or small business owner with fewer than 10 employees, you might be wondering: Do these rules apply to me?
TaxConnex
MAY 22, 2025
New York is especially complex. Several other New York counties also offer clothing exemptions. Clothing in that state also doesnt include such items as belt buckles or sewing materials that become part of clothing, such as buttons, fabric, lace, thread, yarn and zippers, among other conditions.
TaxConnex
JANUARY 2, 2025
New York might be next. Retailers, online marketplaces and services (almost all of whom were loudly unhappy with the RDF began) must charge the shipping fee. The money went to infrastructure and the idea quickly went to the capitals of other states like Minnesota. Physical nexus via inventory.
Accounting Today
JUNE 26, 2025
The company demonstrated the products at an event in New York this week. The AI agents will also work alongside human experts at Intuit to give businesses extra support.
CPA Practice
OCTOBER 16, 2024
He began working in the profession at a large accounting firm, Lumsden McCormick, based in Buffalo, New York. Simon Bittlestone, FCMA, CGMA, CIMA president and chair of the Association, said: “We are delighted to announce Mark as our new CEO for the Association.
Withum
FEBRUARY 17, 2025
With New York State progressing towards extending and amending the Film Tax Credit Program, now is the time to make sure you have a trusted advisor who can help you navigate this tremendously beneficial tax credit. How Does the New York State Film Tax Credit Program Work, and Who Is Eligible To Claim the Credit?
CPA Practice
JULY 1, 2025
Beginning July 14 through July 25, the conference will take place at the Westin New York in Times Square, focusing on a range of topics, including international, partnership, state and local taxation, trusts and estates, and like-kind exchanges.
Withum
JULY 17, 2025
States offering this option include California, Connecticut, Illinois, New Jersey, and New York. New York State permits eligible passthrough entities to make an irrevocable election annually. For S corporations, all income derived from New York sources for both resident and non-resident shareholders.
TaxConnex
OCTOBER 15, 2024
Investigators and others say the above happens regularly, especially in a state like New York, where there’s extraordinary wealth and wide distribution of expensive products and services. Both parties thus avoid dealing with the $8,000 add-on at the end of the transaction.
CPA Practice
NOVEMBER 5, 2024
Top 60 accounting firm KSM (Katz, Sapper & Miller) has expanded its presence in New York after acquiring Shanholt Glassman Klein Kramer & Co. SGKK), a New York City-based CPA firm with a focus on the real estate industry, effective Oct. Financial terms of the deal weren’t disclosed.
Accounting Today
JUNE 13, 2025
Accounting SEC EY MORE FROM ACCOUNTING TODAY Accounting SEC taps new chief accountant The Securities and Exchange Commission appointed Kurt Hohl, a former partner at Ernst & Young, as its new chief accountant, effective July 7.
Accounting Today
JUNE 13, 2025
By Michael Cohn 5h ago Accounting SEC taps new chief accountant The Securities and Exchange Commission appointed Kurt Hohl, a former partner at Ernst & Young, as its new chief accountant, effective July 7.
Shay CPA
JULY 16, 2025
New York State Unemployment Tax Glitch Not every notice is user error. One client got a letter from the New York State Department of Labor demanding $250,920 in unemployment taxes—when they actually owed $2,500. Ideally, choose a virtual office provider that will scan and forward all your mail to you in a timely manner.
CPA Practice
JULY 7, 2025
Surett earned a bachelor’s degree in accounting from Siena College in Loudonville, NY, and an MBA in finance from the State University of New York at Albany. He will be based out of UHY’s New York City office. He is admitted to the New York State Bar and the U.S. a leading private equity firm. Supreme Court.
Withum
JULY 9, 2025
Nadia, an audit partner in Withum’s New York office, specializes in servicing single-employee benefit plans , multiemployer benefit plans and labor unions. Additionally, Nadia is an active member of NABA’s New York Chapter.
Shay CPA
JUNE 4, 2025
If youre a tech founder in a city like New York, theres a good chance youve come across a quasi-governmental entity known as an Economic Development Corporation (EDC). The New York City Economic Development Corporation (NYCEDC) is one of the most prominent examples, but youll find similar organizations in cities across the globe.
CPA Practice
NOVEMBER 13, 2024
As part of the deal, New York City-based Citrin Cooperman gains two partners and more than 65 professionals while expanding its presence in Southern California. Other firms it has acquired include Coleman Huntoon & Brown in Chapel Hill, NC; Mibar in New York City; Keefe McCullough & Co. in Woodbridge, CT.
Going Concern
JULY 11, 2025
state auditor whose job is to uncover financial fraud accused of financial fraud himself [ CBS News New York ] A state auditor whose job was, in part, to uncover financial fraud is now accused of committing financial fraud himself. Otieno worked for the New York state comptroller.
CPA Practice
NOVEMBER 22, 2024
Now they have operational offices in Toronto and in New York, and it turns out that this company has done some innovative things. And I think those claims are true. A little later in the podcast, we’ll circle back and talk about Blue Js charter on algorithmic responsibility.
Going Concern
DECEMBER 20, 2024
.” Firm Watch Seattle accounting firm Moss Adams makes acquisition [ Puget Sound Business Journal ] Seattle-based accounting and consulting firm Moss Adams on Tuesday acquired New York City-based tech consulting firm Yurgosky Consulting. just opened its first Fort Lauderdale location in the 200 E.
CPA Practice
JUNE 18, 2025
CohnReznick Brings on Managing Director Walker to Lead Data & AI Practice New York, NY CohnReznick, a leading professional services firm, recently announced that Melissa (Mel) Walker has joined as Managing Director – Data & AI Practice Leader. Walker earned a B.S.
CPA Practice
JULY 7, 2025
David Samayoa Alvarado (New York), a graduate of Ramapo College of New Jersey with a Bachelor of Science in accounting and a Bachelor of Science in finance, is employed with PricewaterhouseCoopers LLP in New York, NY.
ThomsonReuters
JUNE 18, 2025
However, the cap enacted in the Tax Cuts and Jobs Act (TCJA) of 2017 has significantly impacted taxpayers who itemize their deductions, particularly those living in high-tax states like California, New York, and New Jersey. Now, the cap restricts the total deduction to $10,000, irrespective of the actual taxes paid.
Accounting Today
JUNE 13, 2025
Chris Gaetano Technology Editor, Accounting Today linkedin Technology Practice management Artificial intelligence Automation Tax MORE FROM ACCOUNTING TODAY Accounting SEC taps new chief accountant The Securities and Exchange Commission appointed Kurt Hohl, a former partner at Ernst & Young, as its new chief accountant, effective July 7.
CPA Practice
AUGUST 8, 2025
This is the third M&A deal Cohen & Co. has made in 2025, following a strategic growth investment the Cleveland-based top 50 firm received from Lovell Minnick Partners late last year.
Going Concern
NOVEMBER 22, 2024
Ex-Employee Says BDO Fired Him in Retaliation For Fraud Concerns [ Bloomberg Law ] A former employee has sued BDO USA PC in federal court alleging retaliation in violation of the New York Labor Law and defamation.
Accounting Today
JUNE 10, 2025
Last year, Plante Moran opened its first office in New York City. As a result of the deal, Sax is now a 62-partner firm with 367 total employees and has five offices between New Jersey, New York, and Mumbai, India, and a remote team spanning 22 U.S. In 2022, Sax acquired David Weiss CPA , also in New York.
Accounting Today
AUGUST 1, 2025
By Michael Cohn August 1 Practice management Withum merges in Freed Maxick The Top 25 Firm based in Princeton, New Jersey, has added a Top 100 Firm based in Buffalo, New York.
Accounting Today
AUGUST 1, 2025
By Michael Cohn August 1 Practice management Withum merges in Freed Maxick The Top 25 Firm based in Princeton, New Jersey, has added a Top 100 Firm based in Buffalo, New York.
Withum
JUNE 24, 2025
Pass-Through Entity Tax (“PTET”) Deduction Even though the Tax Cuts and Jobs Act limited individuals to a state and local tax deduction of $10,000, 36states and New York City have developed PTET regimes where the state and local tax associated with the pass-through entity is assessed at the entity level.
Going Concern
OCTOBER 18, 2024
has entered into an agreement to be acquired by New York-based professional services firm Citrin Cooperman. Private equity-backed Citrin Cooperman to acquire CT accounting firm [ Hartford Business Journal ] Woodbridge-based accounting and consulting firm Teplitzky & Co.
Withum
JANUARY 8, 2025
In LeFrak , the court found that a 20% discount for lack of control and a 10% discount for lack of marketability were appropriate for various undivided real estate interests in income-producing New York City properties.
ThomsonReuters
JULY 18, 2025
The compromise reflects both revenue concerns and growing pressure from constituents in states like California, New York, and New Jersey. This resolution ends years of negotiations between the House and Senate, who had previously disagreed on whether the cap should be expanded or maintained. Here’s why: 1.
CPA Practice
OCTOBER 25, 2024
Top 20 firm Armanino said last Friday that it has received a minority investment from Further Global Capital Management , a New York-based employee-owned private equity firm that makes investments in businesses within the financial services industry. Cohen & Co. Cohen & Co.
Accounting Today
JUNE 6, 2025
RRBB opened a new office at 2107 Route 34 in Wall, New Jersey, the firms seventh office. NEW YORK Ernst & Young, New York, launched a new practice, EY Studio+, designed to deliver customer experience, product and service innovation, and marketing, sales and service transformation for clients.
TaxConnex
JANUARY 14, 2025
state with a statewide sales tax also has economic nexus rules: $500,000 in annual sales and 100 transactions in the state of New York, for instance; $500,000 in annual sales with no transaction threshold in California, or $100,000 in annual sales or 200 transactions in a year in Illinois.
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