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New York passes licensure changes bill

Accounting Today

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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Beware of Overly Optimistic Projections Used to Value a Business

RogerRossmeisl

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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New York Governor Signs 2025-2026 Budget That Includes Business Tax Hikes

Withum

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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Cohen expands in New York State

Accounting Today

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.

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New York Set to Adopt Federal Centralized Partnership Audit Regime

Withum

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.

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Fashion forward: New York’s Fashion Workers Act threads new standards

ThomsonReuters

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.

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PCAOB Punishes New York Audit Firm, Three Partners for Deceiving Inspection Staff

CPA Practice

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.