Blogs

 
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 ...
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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. ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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  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. ...
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NCCPAP Executive Vice President, Mark A. Stewart Jr., CPA, will present to the Nassau County Bar Association's Business Law, Tax and Accounting Committee on September 16, 2020. Mark will speak about a variety of topics including the Executive Order on payroll tax deferral, selected CARES Act provisions and some future potential tax law changes. #News
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“It Was the Best of Times; It Was the Worst of Times.” By Neil H. Fishman, CPA, CFE, FCPA, CAMS, National President, NCCPAP September 3, 2020—As I write this message, Congress is on its annual summer break for the month of August and will not return until September 8. When they return, they will only be in session for about four weeks, and then they will be out campaigning for the upcoming election on November 3. While the results of that election remain to be seen, we are seeing divisions within the country the likes of which we have never seen before. The country is becoming more polarized than ever. This is also seen in Washington, D.C. ...
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“May you live in interesting times” By Neil H. Fishman, CPA, CFE, FCPA, CAMS, National President, NCCPAP What we have experienced in the first half of this year has never been seen by most people alive today—a combination of the Spanish Influenza Pandemic of 1919 combined with the Stock Market Crash of 1929. The impact to our country from both economic and social perspectives has been devastating to many. Businesses have been forced to close and some may never reopen. Businesses that have begun to restart, in many cases, are not allowed to be at full capacity for various reasons, including social distancing and employees remaining on unemployment because ...
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July 30, 2020— RE: Regulation of Tax Return Preparers According to the IRS, 62% of individuals who currently have a PTIN are not otherwise credentialed, meaning that there is no oversight, regulatory body or authority where individual taxpayers can file a complaint if desired. The proposed legislation to rectify the regulation of tax return preparer is S.1192/H.R.3330, “The Taxpayer Protection and Preparer Proficiency Act of 2019.” Back in 2010, the Internal Revenue Service announced that it would be regulating tax return preparers. This was challenged in the case of Loving v. IRS , in which the IRS lost by summary judgement, which was then appealed in ...
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July 28, 2020— RE: CARES Act, PPP Forgiveness and Expense Deductibility As the month of July comes to a close, there are several aspects of the CARES Act, that are scheduled to end, which will impact both businesses and individuals. Currently, Congress is busy working on additional legislation that would assist those businesses and individuals who are still affected by the pandemic. As this legislation is being discussed, there are two issues that we would like to bring to the attention of Congress for immediate consideration for this pending legislation. When the CARES Act was originally written, there were several portions of it that were ambiguous and ...
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Topics Include: Economic Impact Payments, Nationwide Tax Forums, Pension Plans & COVID-19, Small Business/Self-Employed Division, and Qualified Business Income Deduction Immediate Past President and current Tax Chair, Stephen Mankowski, CPA, recently attended the monthly IRS Meeting. IRS Update The IRS is continuing to reopen its operations around the country, starting with several states in June and adding more each week; all remaining states plan to reopen by July 13. All offices remain in mandatory work from home situations, where possible. Non-portable employees will start coming in and paying close attention to any issues regarding the pandemic. ...
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Topics Include: Update from Commissioner Rettig and COVID-19 Compliance Issues Immediate Past President and current Tax Chair, Stephen Mankowski, CPA, recently attended the monthly IRS Meeting. IRS Update You may be interested in the critical role of the IRS during the COVID-19 pandemic and how it is modernizing, expanding, and meeting the needs of taxpayers above and beyond normal conditions.   Commissioner Rettig began this month’s session by reinforcing the IRS brand as patriotic—one he is proud of. During this period, the IRS enhanced usage of electronic signatures with very good results. Of 117M returns, 90.3M have e-Filed, and $245B has ...
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We did it. H.R.7010 Paycheck Protection Program Flexibility Act of 2020 was officially passed. NCCPAP was instrumental at every stage of the process. We pointed out the issues with the PPP, wrote letters to the appropriate decision makers at the SBA and within our government, made arguments with specific suggestions, stayed on top of this, and made a difference. That's what NCCPAP advocacy is about and why we're so proud to be members of an organization that takes action—to support taxpayers and right the wrongs of unintended consequences. #New
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Paycheck Protection Program Flexibility Act of 2020 On May 28, 2020, the United States House of Representatives passed H.R.7010, the Paycheck Protection Program Flexibility Act of 2020, by a vote of 417-1. The National Conference of CPA Practitioners announces its support of this legislation. When the CARES Act was passed in March, many of its provisions were designed to assist the small business owner; however, they were written vaguely and became subject to interpretation by the U.S. Department of the Treasury in a way unintended by the legislation. Other aspects did not fully take into consideration the effects of the economic shutdown across the country. ...
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