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The CPA Journal

The CPA Journal The CPA Journal is a nationally recognized publication of the @NYSSCPA. It is edited by CPAs for CPAs. For more than 85 years, The CPA Journal has been earning its reputation as an objective, critical source of information on issues of interest to CPAs.

The Journal provides analysis, perspective, and debate on the issues that affect the CPA profession. Major topics include accounting and auditing, taxation, personal financial planning, finance, technology, and professional ethics. Published by the New York State Society of CPAs, The Journal's active editorial and review process ensures thorough technical quality and material relevant to CPAs in public practice, industry, government and education.

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A panel discussion on fraud, technology and audit quality covered what the profession can do to make audits more effecti...
02/19/2022

A panel discussion on fraud, technology and audit quality covered what the profession can do to make audits more effective and how the next generation of accountants can meet the public’s expectations. Read more: https://ecs.page.link/Lhxbo

#auditor #CPAJ #CPA

02/07/2022
BHM 2022

Join us this #BlackHistoryMonth as we celebrate historic figures and current pioneers in accounting. Today, we spotlight our three Black Presidents: Bert Mitchell, J. Michael Kirkland and Rumbi Bwerinofa-Petrozzello. Bert became the 100th Black CPA in the US in 1965 and the first Black president of the NYSSCPA in 1987. J. Michael served as Society president from 2013-2014. In 2021, Rumbi became the first woman of color as President of the NYSSCPA!

Follow us on Instagram! The official NYSSCPA Instagram account has changed to @thenysscpa. Get the latest news on member...
01/31/2022

Follow us on Instagram! The official NYSSCPA Instagram account has changed to @thenysscpa. Get the latest news on member benefits, program updates and more anywhere you use Instagram.

January 28, 2022 marks the 125th anniversary of NYSSCPA. As the first state society, the NYSSCPA serves as an advocate a...
01/28/2022

January 28, 2022 marks the 125th anniversary of NYSSCPA. As the first state society, the NYSSCPA serves as an advocate and resource for Certified Public Accountants by representing and cultivating the profession's core values of integrity, professionalism, and ethics. We could not have done it without you! Read more: https://ecs.page.link/weV6V

#nysscpa

Many promises have been made about increasing diversity, particularly for Black accountants. But have all the projects, ...
01/24/2022

Many promises have been made about increasing diversity, particularly for Black accountants. But have all the projects, initiatives, and reports lived up to expectations? Or has it been a shell game? Read "Smoke and Mirrors-Race and the Black CPA" from the latest CPA Journal: https://ecs.page.link/H3vwi

#CPAJ #nysscpa #BlackCPAs #BlackHistoryMonth

12/25/2021
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Merry Christmas! We wish you a happy and safe holiday!

#MerryChristmas #SeasonsGreetings #HappyHolidays2021 #HappyHolidays #Christmas

Nominate a Society member for a Society Award. We are looking for members who better the profession and are assets to th...
12/07/2021

Nominate a Society member for a Society Award. We are looking for members who better the profession and are assets to the community. The NYSSCPA recognizes these volunteer and professional commitments through seven awards in 2022. The nomination starts on Dec 1 and ends on the 31st, 2021. For more details: https://ecs.page.link/ByPdm

#NYSSCPA #community

Are you interested in serving on the NYSSCPA’s Board of Directors? The Society’s Nominating Committee is accepting submi...
12/03/2021

Are you interested in serving on the NYSSCPA’s Board of Directors? The Society’s Nominating Committee is accepting submissions of interest by members to fill key leadership positions on the NYSSCPA’s Board of Directors. The deadline to submit a nomination is Friday, Dec. 31, 2021. Take action now: https://ecs.page.link/NA4fj

#NYSSCPA #networking #giveback #leadership

Today is Giving Tuesday! When you donate to the Moynihan Scholarship Fund you give a promising student a bright future. ...
11/30/2021

Today is Giving Tuesday! When you donate to the Moynihan Scholarship Fund you give a promising student a bright future. Also, it's tax-deductible! Give today at nysscpa.org/moynihanfund.
Future CPAs will thank you.
#givingtuesday

Many states and localities have issued guidance regarding the income tax treatment of #teleworking employees and busines...
10/14/2021

Many states and localities have issued guidance regarding the income tax treatment of #teleworking employees and business #tax nexus policies. Read the Tax Implications of COVID-19 Telecommuting and Beyond to navigate the remote work environment: https://ecs.page.link/aTQ8B

#CPAJ

In the Voices of the Profession 2021 video, Orumé Hays convened a panel of distinguished CPAs from around the country to...
10/06/2021

In the Voices of the Profession 2021 video, Orumé Hays convened a panel of distinguished CPAs from around the country to discuss the state of the profession today: the challenges presented by the current #pandemic; the continuing struggle to achieve #diversity, #equity, and #inclusion; and the opportunities available to the next generation of CPAs. Watch the video at: https://ecs.page.link/YgLrJ

It’s never too early to start thinking about building your resume and connections to achieve your goals. The NYSSCPA Stu...
09/16/2021

It’s never too early to start thinking about building your resume and connections to achieve your goals. The NYSSCPA Student Engagement Night is a free event for NYSSCPA student members to connecting with successful professionals. RSVP here: https://ecs.page.link/ZPQqF
Not a member? Student membership is free. Join the NYSSCPA today: nysscpa.org/joinus

09/15/2021
Hispanic Heritage Monthannouncements 1

The Diversity, Equity and Inclusion Committee celebrates #HispanicHeritageMonth! We recognize and applaud the contributions of the Hispanic and Latinx community within the NYSSCPA and beyond. As a committee, it is imperative that we continue to push the profession forward to be a champion of diversity, equity, and inclusion. As global citizens, we must do our part to create an inclusive society that celebrates our individual differences for the collective good.
#NationalHispanicHeritageMonth

Today, we honor the heroes and loved ones we lost 20 years ago. #NeverForget
09/11/2021

Today, we honor the heroes and loved ones we lost 20 years ago. #NeverForget

Did you know you can register for our CPE courses and webinars through the myNYSSCPA app? Use the "Events" feature on th...
08/30/2021

Did you know you can register for our CPE courses and webinars through the myNYSSCPA app? Use the "Events" feature on the menu bar to check out the event list and visit the calendar. It is a great way to plan your registrations! Search "myNYSSCPA" in App Store or Google Play to download the app, or visit nysscpa.org/mynysscpa for more information.
#myNYSSCPA #cpas #NYSSCPA

Enjoy our news content? Get free access to NYSSCPA publications for the latest taxation topics, objective and critical s...
08/06/2021

Enjoy our news content? Get free access to NYSSCPA publications for the latest taxation topics, objective and critical sources of information for CPAs, and resource for future CPAs and CPAs starting out in the profession. Become an NYSSCPA member today: nysscpa.org/joinus

You can now visit NYSSCPA's first Career Fair page. This event allows job seekers and recruiters to easily connect on a ...
08/04/2021

You can now visit NYSSCPA's first Career Fair page. This event allows job seekers and recruiters to easily connect on a dynamic platform so you can meet and interview online without travel. Visit the page to watch the video and learn how it will work! Register in advance to meet with these recruiting managers and more will be added: https://nysscpacareerfair21.vfairs.com/

Father's day is this Sunday. Have you got him a gift yet? Buy now through AmazonSmile so he can receive your present on ...
06/14/2021

Father's day is this Sunday. Have you got him a gift yet? Buy now through AmazonSmile so he can receive your present on time, and you can give back to your community. Visit https://smile.amazon.com/ch/82-2444864 to generate donations while shopping at no cost to you.
#love #family #fatherhood #fathersday #community

Congratulations to our new Board of Directors:Rumbi Bwerinofa-Petrozzello, PresidentLynne M. Fuentes, President-electTho...
06/09/2021

Congratulations to our new Board of Directors:
Rumbi Bwerinofa-Petrozzello, President
Lynne M. Fuentes, President-elect
Thomas S. Pirro, Secretary/Treasurer
Kevin Matz, Vice President
Patricia A. McGrath, Vice President
David G. Young, Vice President
Kimberly G. Johnson, Vice President
Kelly R. Capron, Vice President

Directors-at-Large:
Margaret Chen
William H. Dresnack
Zachary Gordon
Michael R. Koeppel
Shmueli Milecki
Ramona Cedeno
Katelyn N. Kogan

Lisa A. Mrkall, Director as Chapter Representative – Buffalo Chapter
A’Isha Torrence, Director as Chapter Representative – Manhattan/Bronx Chapter
Jennifer Stone, Director as Chapter Representative – Southern Tier Chapter
Ronald F. Ries, Director as Chapter Representative – Westchester Chapter
Craig A. Zellar, Director as Chapter Representative – Syracuse Chapter

https://www.cpapracticeadvisor.com/accounting-audit/news/21225602/new-york-state-cpa-society-elects-20212022-board-of-directors

06/07/2021
Meet Rumbi, the first woman of color as President of NYSSCPA!

Meet Rumbi, the first woman of color serving as President of NYSSCPA! Rumbi Bwerinofa-Petrozzello, CPA,CFF, CFE, Senior Director, Consulting, at Seramount, began her term as president of the New York State Society of CPAs (NYSSCPA) on June 1. Watch this video to hear her message as the 102nd president of the NYSSCPA.

Today, we remember and honor those who served and sacrificed. #MemorialDay
05/31/2021

Today, we remember and honor those who served and sacrificed. #MemorialDay

May is Jewish American Heritage Month, we pay our tribute to the generations of Jewish Americans who helped form the fab...
05/27/2021

May is Jewish American Heritage Month, we pay our tribute to the generations of Jewish Americans who helped form the fabric of American history, culture, and society. Happy #JAHM!

Join us this #AAPIHeritageMonth, today we learn about the leadership and members of the Chinese American Society of CPAs...
05/21/2021

Join us this #AAPIHeritageMonth, today we learn about the leadership and members of the Chinese American Society of CPAs' perspectives on the profession. How they became CPAs, how the profession is perceived in their communities, as well as the history and mission of the CASCPA. Read the feature article on The CPA Journal: https://ecs.page.link/bURDy

#AAPIHM #stopaapihate

How will a permanent remote workforce affect taxes? Read this article from The CPA Journal to learn about Bernadette Sem...
05/11/2021

How will a permanent remote workforce affect taxes? Read this article from The CPA Journal to learn about Bernadette Semonche Pinamont's perspective on pandemic payroll: https://ecs.page.link/9GBhZ

#payroll #pandemic #WFH #tax

Join us for NYSSCPA 2021 Annual Business Meeting & Officer Installation on May 19. This free event will be held virtuall...
05/05/2021

Join us for NYSSCPA 2021 Annual Business Meeting & Officer Installation on May 19. This free event will be held virtually and for members only. Advance registration required.
RSVP today! https://ecs.page.link/Z8EiE

#NYSSCPA #rsvp #cpas #accounting

We celebrate #AAPIHeritageMonth in May. We will spotlight the contribution of Asian Americans and Pacific Islanders in t...
05/01/2021

We celebrate #AAPIHeritageMonth in May. We will spotlight the contribution of Asian Americans and Pacific Islanders in the accounting field, highlight our AAPI members' careers and experiences, and celebrate the rich heritage and cultures of AAPI communities.

#stopaapihate #MAY

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Jj
Be sure to read the new directions in the accounting education. So important for our future accountant🙏😃 graduates and interested in becoming CPAs
Business Networking and your CPA Practice Is business networking right for your CPA practice? I don't have the answer to that question. I can only share my experience and the positive impact networking has had on my business as a financial professional. Whether you're a CPA working for a large firm that has a big budget to advertise and attract new business or an independent CPA who owns your own practice, I believe networking should be a regular part of your business growth strategy. Why you may ask? Well unless you have all the business and clients YOU want or need, the answer is obvious. To attract more business and clients. I addition, I believe that if you pursue more business for yourself it benefits both you and your firm. As an Independent Financial Professional specializing in “alternative investment” strategies I joined CalCPA a couple of years back, as a “Financial Professional” member because I had been working with all a few select CPA's who referred business to me, and I to them, and I saw the value of expanding my network of CPA's. What's more, with my niche financial offering, there were not many networking formats that met my need of being in an environment where I could meet my ideal prospect. Yet I do believe strongly in the value of networking. Proper and productive networking. So much so that about 9 years ago, when faced with the question of how to attract more business for my specialized financial offering, I responded by starting my own business networking group. The format was designed to not only enhance my business, but to also enhance the business of our members. We bring together a group of like minded business professionals of different but complimentary professions, such as CPA's to meet and build relationships and add to our referral base. The members of the group refer to other members and we all have a large pool of professionals that we have a relationship with that we can utilize as a one stop source for our members, clients and prospects needs. Through the Business Networking Group that I founded, I am consistently networking to meet new people who could very well become my clients As a side note, networking within your own profession may be good to gain new business specific knowledge or skills, but it may not necessarily help you get more clients or business. For a CPA, I believe by building a network of collaborative professionals such as financial advisors, trust attorneys, business owners and other non-CPA professionals it will help your CPA practice attract more clients and help grow you business. What's more, YOU as the CPA become the “Go To” person for your prospects, clients and fellow CPA's who are looking for a “full service” firm to meet their various tax and financial needs. While networking may be uncomfortable at first and nudge you out of your comfort zone I believe once you start and find the right networking format for you (or start your own?) you will soon understand that it is something that should have been done earlier. Especially when you see that you are getting results. I know as a financial professional I can say confidently that my networking efforts have been very rewarding not just for the business growth but also the many relationships and friendships I have developed over the years. There are many business networking groups out there, so you may want to check out a few and see which feels right and will work for you. And I believe that once you give networking a try, you too will see that the numbers add up and contribute to the bottom line! And, as mentioned earlier, I started my own unique business networking group and built it around my passion for Ci**rs and Single Malt Scotch. My group has grown over the years to an email membership of over 2000 members all over California as well as multiple Facebook sites. We have monthly meetings in our Los Angeles, San Diego and Orange County chapters with attendance ranging from 50 to 100+ Business Owners, Executives, Professionals and Entrepreneurs. All attendees come ready to meet, mingle, have fun, network and build relationships. AND...grow their business. So, I refer back to my original question...”is networking right for you and your CPA practice?” That is a question only you as a CPA and business professional can answer. All I can add is that for me as a Financial Professional, the answer is an unqualified yes. Cheerz! John Dade Founder - Cigar Night Business Mixer Group [email protected] FACEBOOK: https://www.facebook.com/groups/131949570265821/ 877-331-2533 Office / Cell John Dade is a Registered Investment Advisor Representative with the SEC and FINRA with a Series 65 License as well as Series 3 Licensed Associated Person with the NFA and CFTC. John is also the author of …. “Is Your Networking Net Working?” … for details go to: paypal.me/JDadeNetworkingBook/9.95 #CalCPA #BusinessNetworking #Networking #Business #JohnDade #CPA
Business Networking and your CPA Practice Is business networking right for your CPA practice? I don't have the answer to that question. I can only share my experience and the positive impact networking has had on my business as a financial professional. Whether you're a CPA working for a large firm that has a big budget to advertise and attract new business or an independent CPA who owns your own practice, I believe networking should be a regular part of your business growth strategy. Why you may ask? Well unless you have all the business and clients YOU want or need, the answer is obvious. To attract more business and clients. I addition, I believe that if you pursue more business for yourself it benefits both you and your firm. As an Independent Financial Professional specializing in “alternative investment” strategies I joined CalCPA a couple of years back, as a “Financial Professional” member because I had been working with all a few select CPA's who referred business to me, and I to them, and I saw the value of expanding my network of CPA's. What's more, with my niche financial offering, there were not many networking formats that met my need of being in an environment where I could meet my ideal prospect. Yet I do believe strongly in the value of networking. Proper and productive networking. So much so that about 9 years ago, when faced with the question of how to attract more business for my specialized financial offering, I responded by starting my own business networking group. The format was designed to not only enhance my business, but to also enhance the business of our members. We bring together a group of like minded business professionals of different but complimentary professions, such as CPA's to meet and build relationships and add to our referral base. The members of the group refer to other members and we all have a large pool of professionals that we have a relationship with that we can utilize as a one stop source for our members, clients and prospects needs. Through the Business Networking Group that I founded, I am consistently networking to meet new people who could very well become my clients As a side note, networking within your own profession may be good to gain new business specific knowledge or skills, but it may not necessarily help you get more clients or business. For a CPA, I believe by building a network of collaborative professionals such as financial advisors, trust attorneys, business owners and other non-CPA professionals it will help your CPA practice attract more clients and help grow you business. What's more, YOU as the CPA become the “Go To” person for your prospects, clients and fellow CPA's who are looking for a “full service” firm to meet their various tax and financial needs. While networking may be uncomfortable at first and nudge you out of your comfort zone I believe once you start and find the right networking format for you (or start your own?) you will soon understand that it is something that should have been done earlier. Especially when you see that you are getting results. I know as a financial professional I can say confidently that my networking efforts have been very rewarding not just for the business growth but also the many relationships and friendships I have developed over the years. There are many business networking groups out there, so you may want to check out a few and see which feels right and will work for you. And I believe that once you give networking a try, you too will see that the numbers add up and contribute to the bottom line! And, as mentioned earlier, I started my own unique business networking group and built it around my passion for Ci**rs and Single Malt Scotch. My group has grown over the years to an email membership of over 2000 members all over California as well as multiple Facebook sites. We have monthly meetings in our Los Angeles, San Diego and Orange County chapters with attendance ranging from 50 to 100+ Business Owners, Executives, Professionals and Entrepreneurs. All attendees come ready to meet, mingle, have fun, network and build relationships. AND...grow their business. So, I refer back to my original question...”is networking right for you and your CPA practice?” That is a question only you as a CPA and business professional can answer. All I can add is that for me as a Financial Professional, the answer is an unqualified yes. Cheerz! John Dade Founder - Cigar Night Business Mixer Group [email protected] FACEBOOK: https://www.facebook.com/groups/131949570265821/ 877-331-2533 Office / Cell John Dade is a Registered Investment Advisor Representative with the SEC and FINRA with a Series 65 License as well as Series 3 Licensed Associated Person with the NFA and CFTC. John is also the author of …. “Is Your Networking Net Working?” … for details go to: paypal.me/JDadeNetworkingBook/9.95 #BusinessNetworking #Networking #CPA #CalCPA #Business #JohnDade