Vol.
1, No. 49
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| Jan. 3, 2002 |
Vol.
1, No. 49
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Dear Subscriber, In a news conference this morning, the AICPA announced the defeat of the controversial Global Credential Initiative. The vote ends two years of lobbying both for and against the proposal, and in the end the members decided its fate. Also, the new mayor takes over in New York City and vows no new taxes, while the IRS gets handcuffed on busting up tax shelters. The staff of the NYSSCPA E-zine will continue to cover and report on these topics that are important to New York area CPAs. Further, members of the Society and FAE also stand ready to help with questions on CPE and FAE courses, conferences and seminars. Thank you
for your continued Sincerely, NYSSCPA.org Web Site Staff
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News
Stories
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Global
Credential Initiative Defeated
The controversial Global Credential Initiative, also known as XYZ and IISBP, was defeated today by a 63 percent to 37 percent margin. Of the 330,000 AICPA members, 41 percent -- or 134,000 -- voted on the issue. Click here to read more. Global Credential Resources:
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The
Wall Street Journal: Investors Be Wary of Big Write-Offs
NEW YORK - Wall Street stock analysts usually tell investors to ignore large write-offs because they provide little insight about future performance. Now, amid the biggest wave of write-offs in history, mounting bankruptcies, and the collapse of Enron, it may be time to revisit that wisdom, reports The Wall Street Journal. |
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Just
Out of the Gate, New Mayor Begins Testing Political Waters NEW YORK - Only a few days in office and New York City's new mayor and political novice Michael Bloomberg already has found himself on the hot seat. | ||||||
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NEW YORK - Here's a New Year's resolution you might actually be able to keep in 2002: save money on taxes. | ||||||
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Court
Decision Handcuffs IRS on Tax Shelters NEW ORLEANS -- A federal appeals court ruling involving Compaq Computer could make it harder for the Internal Revenue Service to eliminate many corporate tax shelters, The New York Times reported Thursday. |
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