Talking Points for Senior Management Team

  • March 11, 2025

NJCPA News

  • Members may now register for the 2025 NJCPA Convention & Expo, June 3-6, at njcpa.org/conv25. This year's convention offers 35 education sessions, 10 networking events and 70+ partners showcasing products and services. REMINDER: all incoming 2025/26 leaders are invited to attend the Convention free of charge. If you have questions, contact the Education Department at education@njcpa.org.
  • The Society recently launched the NJCPA Marketplace to help members with all aspects of their business, career and personal life. The Marketplace includes more than 400 companies, with many recommended by accounting professionals and satisfied clients. NJCPA members receive exclusive discounts and perks. Explore the Marketplace at marketplace.njcpa.org.

  • The NJCPA Board of Trustees is asking all leaders and members to support the Society's ongoing advocacy efforts. Advocacy involves engaging with policymakers and legislators to influence decisions that impact members and the entire profession. Effective advocacy ensures that your concerns and needs are heard, helping to shape policies that protect your interests and work toward creating a more favorable business environment in the state. By staying informed and supporting the NJCPA's advocacy initiatives, you can make a significant impact on the future of the profession.

    There are two ways that you can support the profession’s advocacy efforts:

    • Contribute to the NJ-CPA-PAC. The PAC allows New Jersey CPAs to pool their resources to help elect candidates for state office who demonstrate a positive concern for issues important to the CPA profession and business community.
    • Contribute directly to the NJCPA advocacy program. Help the Society raise awareness of the NJCPA’s efforts to fill the talent pipeline, educate the public, lawmakers and the media, and get members involved.

Professional News

  • FinCEN announced in early March that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act by the current deadlines. No fines or penalties will be issued, and no enforcement actions will be taken, until a forthcoming interim final rule becomes effective and the new relevant due dates in the interim final rule have passed. No later than March 21, 2025, FinCEN intends to issue an interim final rule that extends BOI reporting deadlines, recognizing the need to provide new guidance and clarity as quickly as possible, while ensuring that BOI that is highly useful to important national security, intelligence, and law enforcement activities is reported. To learn more about the BOI reporting requirements, visit the NJCPA website and enter "BOI" in the Search field.

  • The AICPA and NSABA issued an exposure draft about proposed changes to the accounting profession's model law that would enable an additional path to CPA licensure - https://nasba.org/wp-content/uploads/2025/02/2025-UAA-Exposure-Draft-Proposed-Changes.pdf. The NJCPA strongly supports these revisions as they represent a critical step in ensuring the long-term viability and accessibility of the CPA profession while maintaining its high standards of competency and integrity. The NJCPA is actively working on a draft bill for the New Jersey Legislature that would establish an additional path to CPA licensure, consistent with the principles outlined in the UAA exposure draft. We believe this legislative effort will not only align New Jersey’s licensure requirements with national best practices but also serve as a model for other jurisdictions considering similar reforms. 

  • March 11, 2025

Key NJCPA Dates