Category: GASB & Accounting

**EDIT** This post was originally made April of 2021. Please note that the information regarding COVID-19 legislation may no longer be relevant due to updates or recissions. A few days after this post Governor Cuomo issued Executive Order 202.99, which extended the State Disaster Emergency through April 25, 2021. This is important for LOSAP only if your…

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There are two bills that have been introduced in the current session regarding LOSAP. One appears to be on track to be passed by both houses in 2021. They both would impact only volunteer firefighter LOSAPs adopted pursuant to Article 11-A, not volunteer ambulance squad plans governed by Articles 11-AA and 11-AAA. The purpose of…

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**EDIT** – The following post was originally made in March 2021. Some of this information may no longer be applicable due to rescinded and/or updated legislation from the NYS government regarding the COVID-19 Pandemic. In the event that they are applicable, please ensure that you are referencing the most current versions of these documents. This…

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With every new version of our favorite technology – such as smartphones, televisions, and even cars – we can accomplish or experience something better than we were previously able. The computer has certainly helped the actuary by increasing the speed and accuracy in which calculations can be made. But like many trade-specific tools, the available…

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At this time, most Fire Departments are back to some variation of normal. However, the Governor did extend the State Disaster Emergency through February 26, 2021, which means it could be possible to award more points for cancelled events in 2021. We will continue to monitor and keep you updated.

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On December 30, 2020, Governor Cuomo signed Executive Order 202.87, which effectively extended the State Disaster Emergency until January 29, 2021. Therefore, this means that if fire departments continue to be in a situation where events are cancelled or firefighter responses are being limited, that  points could be awarded for January 2021. Since the statute…

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Anyone who works (or volunteers) in local government understands lines and boundaries. One side of the street pays taxes and receives services from one municipality, and the other side, a different one. Ultimately, at 12:00 AM on January 1, 2021 we cross a boundary into a new calendar year. This means many things – some…

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We’ve now had several people contact us regarding letters they’ve received from the New York State Department of Taxation and Finance. They are “Statement of Proposed Audit Changes” and were sent because the State believed the subtraction of the LOSAP payments from the payees taxable income was done incorrectly for the 2017 tax year. In  the…

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** EDIT ** – This post was originally made in December of 2020. Due to the changing circumstances of the COVID-19 Pandemic and updates or recissions to relevant legislation, please note that not all of the information below may be completely current. Yesterday, December 3, 2020, Governor Cuomo issued Executive Order 202.79, which continued the…

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**EDIT** This post was originally made in November of 2020. Due to the changing circumstances and updates to relevant legislation regarding the COVID-19 Pandemic, please consider that some of the information below may be outdated. Governor Cuomo has issued Executive Order 202.72, which extends the State Disaster Emergency that was originally declared by Executive Order…

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