New Jersey Society of CPAs
This timely podcast from the New Jersey Society of CPAs covers the latest issues impacting CPAs and accounting professionals in New Jersey. Topics range from legislative initiatives to accounting and auditing updates to economic issues and more.
We’re exploring how artificial intelligence (AI) can transform accounting and auditing work. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: What CPA.com’s CEO sees next for AI, tax, and the profession Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group
What happens when two future leaders start their accounting careers at the exact same firm just three days apart? Emerging leaders Matthew Mojica, CPA, and Katilin Vinch, CPA, sat down while they were at the NJCPA Convention & Expo to share real-talk insights on how they survived their first busy season, the number-one soft skill Kait credits for her success, Matt’s candid advice for anyone thinking about entering the profession, and more. Plus, find out how Matt weighs in on pineapple on pizza, whether Kait is a planner or goes with the flow, and other fun facts. Topics discussed: Kait’s favorite memory from her first year in public accounting Matt’s favorite memory from his first year in public accounting The non-technical skill Kait thinks is most important for new accountants Matt’s “elevator pitch” for someone looking to become a CPA What Kait would be if she wasn’t a CPA The first move Matt would make if he restarted his accounting career How they’ve both benefited from the NJCPA Emerging Leaders Council Lightening round! Resources: Connect with Matt Connect with Kait Watch all IssuesWatch Podcast episodes
This episode discusses best practices for using artificial intelligence (AI) for accounting and auditing purposes by using the STAR framework: Situation, Task, Appearance and Refine. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: Writing an effective AI prompt for an audit Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group
New Jersey’s tax environment is always a hot topic, but how are state tax competitiveness rankings actually determined? Janelle Fritts, senior policy analyst at the Tax Foundation, breaks down the principles of sound tax policy, outlines where New Jersey ranks across key tax categories compared to neighboring states and shares practical, realistic steps lawmakers can take to improve the state's tax competitiveness. Topics discussed: What the Tax Foundation is and what it does The Foundation’s principles of sound tax policy How the Foundation determines a state’s tax competitiveness Where New Jersey ranks in key tax categories How New Jersey lawmakers could improve the state’s ranking Sales tax on professional services Tax Foundation resources Resources: Tax Foundation – 2026 State Tax Competitiveness Index Tax Foundation – Taxes in New Jersey Connect with Janelle Watch all IssuesWatch Podcast episodes
Consistency is key. This episode covers three new developments all seeking to create consistence in accounting and auditing regulations. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: June 2026 Accounting & Auditing Update 2026 Proposed Changes to the Uniform Guidance PEEC seeks input on proposed revisions to ‘public interest entity’ definition Office of Professional Responsibility and Circular 230 Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group
Sarah Krom, managing partner of SKC & Co. CPAs, and Aiysha (AJ) Johnson, CEO and executive director of the NJCPA, exchange insights on career growth, daily productivity habits, essential soft skills and what lies ahead in their 10-year visions. Tune in for practical wisdom and reflection from two leading professionals. And, in the lightening round, find out what animal AJ would be, whether Sarah prefers cat or dogs, what superpower AJ wants, whether Sarah prefers the ocean or mountains, and more. Topics discussed: Sarah’s proudest accomplishments A professional habit that has changed AJ’s productivity The soft skill that has advanced Sarah’s career the most One thing AJ wished she knew at 25 that she learned along the way Where Sarah wants to be in 10 years Where AJ wants to be in 10 years Lightening round! Resources: Connect with AJ Connect with Sarah Watch all IssuesWatch Podcast episodes
With so much AI development going on, companies need to understand how to apply accounting rules. There are existing accounting frameworks under U.S. GAAP that are relevant, but the challenge is applying them to AI. There are grey areas and questions that need to be answered. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: Accounting for AI Implementation Costs: Practical Information for Finance Leaders Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group
Minutes before the July 1 deadline, Governor Sherrill signed a major new state budget. Is it actually the breath of fresh air New Jersey businesses have been waiting for? Budget expert Chris Emigholz dissects the massive $60.7 billion spending plan, including new revenue raisers and business fees, changes to the STAY NJ program, last-minute budget add-ons and more. Topics discussed: Overall impression of the budget New taxes and revenue raisers Changes to STAY NJ property tax relief program Support for businesses “Christmas tree” items The budget process/transparency Resources: New Jersey budget New Jersey Business & Industry Association
AICPA system and organization controls (SOC) reporting has become a cornerstone of trust in today’s technology-driven market. But does too much reliance on SOC 2 reports create a false sense of security? This episode discusses why over-reliance can be risky. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: AICPA guides peer reviewers to address SOC 2 risks Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group
Jerry Maginnis is back with us to provide advice to those pursuing a career in accounting. The second edition of his book, Advice for a Successful Career in the Accounting Profession: How to Make Your Assets Greatly Exceed Your Liabilities, has new sections on how AI and private equity impact accounting careers, the importance of understanding the history of accounting, and more. Topics discussed: What inspired Jerry to update the book What the subtitle “Making your assets exceed your liabilities” means from a career standpoint How AI will affect the future of accounting professionals How private equity may impact accounting career opportunities How early-career professionals should balance in-person versus remote work The importance of understanding the history of the accounting profession Advice for those deciding which career path to choose Lessons for those beyond the early stages of their careers Resources: Pre-order/purchase “Advice for a Successful Career in the Accounting Profession: How to Make Your Assets Greatly Exceed Your Liabilities” Career resources for accounting students Career resources for early career professionals
This episode, which was recorded live at the NJCPA Convention & Expo, covers parts 2 and 3 of the AICPA’s proposed changes to attestation standards. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: AICPA exposure drafts of proposed SASs, SSAEs ad SQMSs Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group
We’re exploring practical ways for accounting firms, especially smaller practices, to operationalize and navigate the monitoring process mandated by Statement on Quality Management Standards (SQMS) No. 1. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. *** Resources: How to monitor a firm’s system of quality management Accounting and auditing articles and events Join the Accounting & Auditing Standards Interest Group
America is turning 250, and New Jersey is taking center stage. In this episode, we dive into the national celebration and explore why the Garden State was famously dubbed the "Cockpit of the Revolution." Carrie Fellows of the Crossroads of the American Revolution National Heritage Area discusses the statewide plans, the organizations driving the history forward and how you can join the celebration in your own backyard. Topics discussed: Overview of the 250th anniversary celebration Why New Jersey is called the “cockpit of the revolution” Activities planned in New Jersey How people and businesses can participate About the Washington Crossing Visitor Center About Crossroads of the American Revolution National Heritage Area Resources: Crossroads of the American Revolution National Heritage Area RevolutionNJ
The cloud promises major efficiency gains for accounting firms, but is it introducing hidden security vulnerabilities? Michael Roglen of SysCloud — an NJCPA member benefit provider — debunks common cloud security myths, discusses the critical security responsibilities that still fall squarely on your firm's shoulders, and provides a practical roadmap for a secure, successful cloud transition. Topics discussed: How moving to the cloud changes how accounting firms should protect their data The biggest misconceptions about cloud security and backups Accounting firms’ responsibilities for data protection Operational and efficiency gains Cost management of implementing new technology About SysCloud Resources: Learn more about SysCloud Cybersecurity Knowledge Hub Technology Planning Knowledge Hub
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)