This episode explores the structure of the AICPA attestation standards and how a recent Auditing Standards Board (ASB) proposal may change them.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• Proposed attestation changes: What CPAs should know
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group

Most CPAs know the federal tax calendar cold. But state entity compliance is a very different story. The rules vary dramatically from state to state, and missing a filing can create real problems for clients. And in 2026, there are some important developments CPAs should be paying attention to, especially in New Jersey, Delaware and Pennsylvania. Frank Tumminello from FileForms breaks it all down and talks about how software can help.

Topics discussed:

• Why state entity compliance complicated
• Consequences of missed filings
• Rolling deadlines versus fixed-date deadlines
• New Jersey tax compliance
• Florida tax compliance
• Delaware tax compliance
• Leveraging software
• Collecting and submitting state fees
• Pennsylvania tax compliance
• Coordinating multi-state compliance
• What “good” compliance looks like
• Three things every CPA can do

Resources:

• Request a free 2026 compliance calendar from FileForms
• Learn more about FileForms for CPAs
• Book a demo
• State-specific resources:
• Florida Annual Report 2026: May 1 Deadline
• Delaware Franchise Tax 2026: LLC June 1
• Delaware Annual Report: Deadlines, Fees & Compliance
• New York Biennial Statement Filing

CPA licensure is going through one of the biggest shifts we’ve seen in years. New pathways are being introduced, and mobility rules are changing right along with it. Is your firm fully compliant? And what are the risks if you’re not? Lindsay Patterson from CPA QualityPro — a new NJCPA member benefit provider — breaks it all down.

Topics discussed:

• What CPAs and firms need to understand about how the changes to licensure pathways impact them
• How these changes are affecting individual CPA mobility
• Common missteps regarding firm registration
• Enforcement actions when firm registration deadlines are missed
• Practical steps CPAs can take now to ensure compliance with licensure and firm registration
• How CPA QualityPro can help

Resources:

• Learn more about CPA QualityPro and their special offer for NJCPA members
• Pathways to CPA licensure in New Jersey

Find out about FASB’s new Accounting Standards Update that provides authoritative guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• FASB ASU 2026-01
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group

Understand what a financial resilience review is and what it examines, the warning signs CPAs should be watching for in nonprofit financials and how this type of assessment helps organizations move from reactive to resilient.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group

For businesses in New Jersey and across the country, tariffs are a significant line item with massive implications for cash flow and supply chain stability. The landscape just shifted dramatically when the U.S. Supreme Court ruled that billions of dollars in tariffs imposed under the International Emergency Economic Powers Act (IEEPA) have been declared unlawful. Whether you’re a business owner wondering if you’re eligible for a refund or a CPA looking to provide critical guidance to your clients, our guest William McDevitt, CPA, shareholder at WilkinGuttenplan, provides the roadmap for protecting your bottom line.

Topics discussed:

• How a tariff moves from “ship to entry,” and where businesses are most exposed in that process
• The Supreme Court’s recent decision on tariffs
• How businesses determine whether they’re eligible for a refund
• How the refund portal is working
• Why businesses need to monitor and protect their refund
• Appeals process for claims that are rejected
• Why the refunds aren’t just automatically being processed
• Examples of how tariff issues play out for businesses
• Should businesses keep their tariff refunds?
• What CPAs should be asking their clients and businesses right now
• How businesses and CPAs should think about tariffs in the long-term

Resources:

• Slides to accompany this episode
• International Emergency Economic Powers Act (IEEPA) Duty Refunds (U.S. Customs and Border Protection)
• CAPE Tariff Refund Portal — What CPAs and Firms Need to Know (AICPA)

New Jersey residents are feeling the burn at the meter as energy prices continue to outpace national averages. But while the numbers on your bill are clear, the reasons behind the surge are anything but simple. Janice Fuller, partner at Princeton Public Affairs Group, pulls back the curtain on the complex web of factors driving our utility rates and discusses what the future holds for New Jersey’s energy market.

Topics discussed:

• Factors that impact energy prices
• The impact of artificial intelligence on energy usage
• Explanation of PJM
• Comparison with surrounding states
• Impact of former Governor Murphy’s energy policies
• Measures that lawmakers can take

Resources:

• The Reality of the Renewable Energy Provisions of the New Jersey Energy Master Plan

This episode reviews recently published guidance from the Committee of Sponsoring Organizations of the Treadway Commission (COSO) that helps companies manage risks related to generative artificial intelligence (AI).

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• COSO Releases Practical Roadmap for Managing Generative AI Risks and Controls
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group

Is New Jersey’s newest budget proposal truly fiscally responsible? Jeff Kaszerman welcomes Dale Florio (Princeton Public Affairs Group) and Chris Emigholz (NJBIA) to break down Governor Mikie Sherrill’s FY2027 spending plan. From corporate tax deduction changes and fees to record school aid and property tax relief, we explore what this budget means for New Jersey’s business climate and whether NJCPA members believe it’s a step in the right direction.

Topics discussed:

• Budget highlights
• Overall impressions of the budget
• Fiscal responsibility
• Impact of federal funding changes
• Property taxes
• Proposed changes to two business tax deductions
• Proposed Medicaid fee for employers
• Political landscape
• Closing thoughts about the proposed budget

Resources:

• New Jersey budget
• New Jersey Homeowner’s Guide to Property Taxes
• Rebates, Reform and Reality: The State of New Jersey’s Property Taxes

The episode covers the last of the Accounting Standards Updates (ASUs) that the Financial Accounting Standards Board (FASB) issued at the end of 2025. ASU 2025-12 – Codification Changes includes changes related to terminology, EPS accounting, credit losses and receivables, not-for-profit guidance and more.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• Accounting Standards Update 2025-12 – Codification Changes
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group