Blogs

 
Another Month, Another Multi-Thousand Page Bill to Absorb By Mark A. Stewart, Jr., CPA, National President, NCCPAP January 12, 2021—On the eve of the 2020 holiday season, CPA practitioners received both a gift and a lump of coal in their stocking—the Consolidated Appropriations Act, 2021. While the provisions of this Bill are mostly good news for practitioners and their clients, there are many issues we must now face as practitioners. The good news includes numerous tax extenders, deductibility of Paycheck Protection Program (PPP) expenses, the potential for second-draw PPP loans, removing the requirement to reduce PPP forgiveness ...
0 comments
NCCPAP In Action: A Major Victory for Business Owners/Taxpayers January 4, 2021—With the passage of the “Consolidated Appropriations Act, 2021,” the National Conference of CPA Practitioners (NCCPAP), a national organization of small and mid-sized CPA practices, working with other organizations, can claim a major victory for business owners/taxpayers. After the CARES Act was passed in March, the Internal Revenue Service (IRS) came out with a notice stating that their position with regard to the Paycheck Protection Program (PPP) was that if a business received funding through PPP and it was forgiven by the Small Business Administration (SBA), ...
0 comments
To My Friends at NCCPAP: By Mark A. Stewart, Jr., CPA, National President, NCCPAP December 4, 2020—This year has brought enough hardships for a lifetime. Our profession has been one of the lucky few ones that has actually thrived during the pandemic; however, we must remember that many other businesses are still struggling just to survive. Right now, it is more important than ever that we advocate for these businesses. We need our members to show their power and strength in numbers by bringing to the attention of our local elected officials that the small business community needs their help to right a wrong. Many small businesses ...
0 comments
Topics Include: An IRS 2020 Summary, Technology at the Forefront, New Smart Form Availability, and a Paper Check Reduction Program Tax Chair, Stephen Mankowski, CPA, recently attended the monthly IRS Meeting. General Updates and 2020 Summary November was our last meeting for 2020 and we’re all hoping for a better 2021, even though next year will likely start out as virtual. To kick-off awareness for next tax season, November 30-December 4 is the 5 th annual tax security awareness week, which is urging heightened security against fraudsters. Here are some highlights from this year, as well as a look ahead: The IRSAC (Internal Revenue Service Advisory ...
0 comments
A Look Ahead: The Future of the Profession Neil H. Fishman, CPA, CFE, FCPA, CAMS and Mark A. Stewart Jr., CPA, our respective outgoing and incoming presidents of NCCPAP, were recently featured in an Accounting Today podcast hosted by editor-in-chief, Dan Hood. They share the issues they've been working on, and what they see coming for the accounting profession. Neil’s Segment The biggest issues in the profession for the past couple of years are related to technology. Without question, people are doing more and more on their computers and online versions, which are not necessarily as good as the desktop software. Of ...
0 comments
Karen Tenenbaum, Distinguished New York Tax Attorney, to Lead Two Critical Topics at  NCCPAP’s 18 th Annual Accounting and Tax Symposium Karen J. Tenenbaum, Esq., CPA, LL.M. and Principal/Founder of Tenenbaum Law, P.C. of Melville, NY has been invited to present a number of critical topics at ATS 2020, NCCPAP’s Annual Accounting and Tax Symposium on November 10, 13, 18, and 19. She has participated as a featured speaker for all 18 years—since its inception! According to Ms. Tenenbaum, “The Tax Symposium is unique in that it brings together top thought leaders and practitioners at a single event. Although I’ll miss seeing my friends and colleagues in ...
0 comments
Topics Include: Tax Forums, Online Services, Enterprise Digitalization & Case Management, e-Signature, and the 2021 Get Ready Campaign Tax Chair, Stephen Mankowski, CPA, recently attended the monthly IRS Meeting. Tax Forums The IRS is intending to return to last year’s in-person format sometime in the future, pending the COVID-19 situation. Regardless of the format, there will be a Nationwide Tax Forum in 2021. The 2020 Forums attracted 10,300 paid attendees with access to 30+ seminars and a virtual exhibit hall. 18 of those sessions, including the IRS Commissioner’s address, are available on demand for a fee. Small business forums have been ...
0 comments
To My Friends at NCCPAP: By Mark A. Stewart, Jr., CPA, National President, NCCPAP November 4, 2020—There is no greater honor in this profession than to be recognized by your peers. I am beyond humbled that all of you have put your faith in me to lead NCCPAP, our organization. I promise to do my best in this position, as I have done all the years I have served at NCCPAP—at the Chapter level and the National level. Recently we faced, and still face, unique challenges as an organization. It goes without saying that COVID-19 has caused us to completely rethink how we operate. In the worst of times back in April, we saw what NCCPAP was and always ...
0 comments
Sunita Lough, IRS Deputy Commissioner, Featured as Keynote Speaker at NCCPAP’s 18 th Annual Accounting and Tax Symposium Sunita Lough, the Deputy Commissioner for Services and Enforcement of the Internal Revenue Service, will be featured as the first Keynote Speaker at this year’s NCCPAP Accounting & Tax Symposium (ATS 2020) on November 10, 2020. Ms. Lough provides leadership to the four taxpayer-focused IRS operating divisions: Wage & Investment, Large Business and International (LB&I), Small Business/Self Employed and Tax Exempt & Government Entities (TE/GE). She also oversees the IRS Criminal Investigation Division, Office of Professional ...
0 comments
Please join us in congratulating the 2020-2021 Officers and Directors for the National Conference of CPA Practitioners (NCCPAP). The installation of Officers took place on October 22, 2020. The 2020-2021 Officers include the following individuals from their respective firms: President:  Mark A. Stewart, Jr., CPA, Feldstein & Stewart, LLP, New City, NY Executive Vice President:  Frank Sands, CPA, Sands, Gililland & Company, PC, Plano, TX Vice President:  Scott Cheslowitz, CPA, Rothenberg & Peters, PLLC, Great Neck, NY Vice President:  Frank A. Gallo, CPA, Gallo & Company CPA’s LLP, Jericho, NY Vice President:  Stephen ...
0 comments
Neil D. Katz to Speak at NCCPAP’s 18 th Annual Accounting and Tax Symposium Neil D. Katz, J.D., LL.M, CPA, Managing Partner of Katz Chwat, P.C. President and Principal Lecturer at Katz Tax Seminars, LLC in Melville, NY and a long-standing member of the National Conference of CPA Practitioners (NCCPAP), will be presenting two topics at the this year’s Annual NCCPAP Accounting & Tax Symposium (ATS 2020), taking place on November 10, 13, 18, and 19. As has been his tradition for many years, he will be presenting 1040 Update: Federal Individual Income Taxes 2020 in two session to symposium attendees. His materials will be the most current available. ...
0 comments
Robert S. Barnett to Speak at NCCPAP’s 18 th Annual Accounting and Tax Symposium Robert S. Barnett, CPA, Esq., MS (Taxation), Founding Partner of Capell Barnett Matalon & Schoenfeld LLP of New York City and Jericho, NY, has been invited to present a number of critical estate planning and tax-related topics at ATS 2020, NCCPAP’s Annual Accounting and Tax Symposium. The conference will take place on November 10, 13, 18 and 19 in a virtual format. As a past President of The Educational Foundation of the Nassau/Suffolk Chapter of NCCPAP, Mr. Barnett is well known to the Symposium attendees and presents his topics with knowledge, personality ...
0 comments
Frank A. Gallo to Speak at NCCPAP’s 18 th Annual Accounting and Tax Symposium Frank A. Gallo, CPA and Managing Partner of Gallo & Company CPA's LLP of Jericho, NY is a long-standing member of the National Conference of CPA Practitioners (NCCPAP), a member of the Nassau/Suffolk Chapter of NCCPAP, Board Member of the Educational Foundation of the Nassau/Suffolk Chapter of NCCPAP, and Vice President of NCCPAP at the national level. This is his sixth year as a Symposium presenter. He will be leading four sessions at this year’s Annual NCCPAP Accounting & Tax Symposium (ATS 2020) taking place on November 10, 13, 18, and 19. Mr. Gallo will be focusing ...
0 comments
Some Final Comments By Neil H. Fishman, CPA, CFE, FCPA, CAMS, National President, NCCPAP October 20, 2020—It is hard to believe that I became President of NCCPAP only two years ago. In my first message as President, I made the comment that some people were thinking, “What took so long?” Long before I passed the CPA exam and got my license from New York (my Florida license came a few years later), I was attending NCCPAP meetings with my ears open and my mouth shut, learning the practical aspects of this profession while going to school for the technical knowledge. In this profession, you have to be adaptable, as there are changes in the tax laws ...
0 comments
Scott Peterson, U.S. Tax Policy and Government Relations Expert, Featured as Keynote Speaker at NCCPAP’s 18 th Annual Accounting and Tax Symposium Scott Peterson, Vice President of U.S. Tax Policy and Government Relations, at Avalara—a Seattle-based tax compliance software company that helps to manage the complexity of sales tax nexus—will be a Keynote Speaker at this year’s NCCPAP Accounting & Tax Symposium (ATS 2020), taking place on November 10, 13, 18, and 19. Mr. Peterson, who has particular expertise in tax law relative to ‘Wayfair’, will speak from the perspective of CPAs and how they can best service their business clients. Mr. Peterson ...
0 comments
Topics Include: IRS Highlights, Taxpayer First Office, Office of Professional Responsibility, Return Preparer Office, and Wage & Investment Immediate Past President and current Tax Chair, Stephen Mankowski, CPA, recently attended the monthly IRS Meeting. IRS Highlights: Services & Enforcement Although it seems like ages ago when the CARES Act was passed, the IRS is getting ready to send an additional $9 million to taxpayers who have not filed tax returns for the past two years, since they have not yet received Economic Impact Payments (EIP). Practitioners are encouraged to spread the word so that these individuals can obtain their stimulus ...
0 comments
Beanna J. Whitlock, Renown Liability and Professional Ethics Expert, to Present at NCCPAP's 18th Annual Accounting and Tax Symposium This year’s NCCPAP Accounting and Tax Symposium Attendees are in for quite a treat. Beanna J. Whitlock, EA, CSA is a Partner at Whitlock Tax Service in Canyon Lake, TX, Executive Director of the National Center for Professional Education (NCPE) Fellowship, former IRS Information Reporting Program Advisory Council Member, former IRS Commissioner’s Advisory Committee Member, and former IRS Director of National Public Liaison for Commissioner Mark Everson. She will be speaking on a number of topics crucially important to current ...
0 comments
James C. Bourke, Technology Expert and CPA, to Be Featured Keynote at NCCPAP’s 18 th Annual Accounting and Tax Symposium James C. Bourke CPA, CITP, CFF, CGMA, and Partner/Managing Director Advisory Services at Withum, an advisory, tax, and audit firm with offices around the globe, will be a featured Keynote Speaker at this year’s Annual NCCPAP Accounting & Tax Symposium (ATS 2020), taking place on November 10, 13, 18, and 19. Mr. Bourke has been speaking at the Symposium for many years and similar to previous conferences, he will be talking about Technology's Role in Transforming the Profession . Having overseen the firm’s technology practice, he works ...
0 comments
The Tax Season That Never Ends NCCPAP's Neil H. Fishman, CPA, CFE, FCPA, CAMS comments on the state of this filing season with Accounting Today’s  Editor-in-Chief, Daniel Hood. “Many in our profession feel that tax season normally runs through October 15 th because of all of the extensions, so this year is not different in that respect; however, there are more than enough issues that need clarity and guidance.” A synopsis of the conversation is below: CARES Act and PPP Looking forward to the 2020 tax season and anticipating the returns that will be filed in 2021, there are still a number of ambiguous details that need ...
0 comments
  ATS 2020, The 18th Annual NCCPAP Accounting and Tax Symposium, A Virtual Conference September 15, 2020—The Educational Foundation of the Nassau/Suffolk Chapter of NCCPAP and the Nassau/Suffolk Chapter of NCCPAP are proud to announce this year’s lineup for its Accounting and Tax Symposium (ATS). This year’s 18th event (formerly known as the Long Island Tax Professionals Symposium or LITPS) is going virtual…and national. Based on years of success and to accommodate work at home mandates, the organizations are expanding their reach and offering the same high value experience with speakers, exhibitors, and attendees—in a virtual conference format. ...
0 comments