Auditors required to modify New York City form

Auditors providing an opinion on operating income and expenses for New York City Tax Commission certiorari filings are required to modify a certification form to comply with new standards, according to the AICPA.

Under those conditions, auditors are required to modify Form TC309, Accountant’s Certification, to comply with new generally accepted auditing standards effective for periods ending on or after Dec. 15, 2012.

The Tax Commission of the City of New York has agreed to accept the modifications to Form TC309 that are necessary to comply with the AICPA’s professional standards. Wording of the modifications is available on the AICPA’s website.

The Real Estate Committee of the New York State Society of CPAs worked with the AICPA Audit and Attest Standards team to facilitate acceptance of the modifications.


Year-end tax planning strategies

Practitioners should consider the timing of income and deductions, avoiding the net investment income tax, donating to charity, and planning for retirement.


Effortless payroll service offerings

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Return due dates changed in highway funding bill

The federal highway funding extension bill signed into law on July 31 contains several tax provisions, including changing the due dates for partnership, S corporation, and corporate tax returns.