The New NYSSCPA Career Center
The New NYSSCPA Career Center



Join Us in Greeting and Congratulating the Newest Members of the NYSSCPA!

The Latest From Our Publications

Read the October 2016 Issue on

Our focus this month is on taxes, and our features and departments cover a wide array of unique and unusual circumstances. Going beyond the bread-and-butter issues, tax advisors can sharpen their knowledge of these issues, which can be invaluable to taxpayers who find themselves in just such a scenario.

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  • Two Mistakes to Avoid When Following Up
    Aug 19, 2016
    If you’re a networking pro, you know the importance of having a network of professionals you can reach out to, and how beneficial it can be to have a network that’s constantly growing. Of course, adding people to your contacts list isn’t enough – you have to follow up with them, stay in contact so that they remember you exist. If you’re comfortable with doing that, that’s great! But sometimes the way you follow up can backfire on you. The Daily Muse offers a couple mistakes to avoid the next time you send out a friendly “staying in touch” type email: 
  • Three Things to Consider Before Accepting a Friend Request from a Coworker
    Aug 16, 2016
    Becoming friends with your coworkers can have numerous positive effects, including more successful teams and an improved office culture. Grabbing the occasional happy hour after work with coworkers can also add positivity to your work. Still, while there are a number of benefits to cultivating friendships with your coworkers, there are a few things you should consider before accepting a friend request from a coworker. Here they are, from Forbes:
  • Four Reasons You Should Consider Declining a Job Offer
    Aug 12, 2016
    Especially if you’ve been job hunting for a while, it can be easy to rationalize taking a position that you might not be 100% happy with. But unless you’re really desperate and need to pay the bills, taking a job that isn’t a good fit for you might be the worst decision you could make. Here are five reasons from Time that you might want to reconsider accepting that job offer:
  • IRS Offshore Voluntary Disclosure Program Nets $10 Billion So Far
    Oct 24, 2016
    The IRS's Offshore Voluntary Disclosure Program, which allows tax scofflaws to come clean and pay what they owe in exchange for less severe penalties, has proven quite popular since its launch, with thousands of taxpayers coming out of the shadows to relinquish $10 billion in back taxes. 
  • British Flash Crash Trader Could Face 350 Years In U.S. Courts
    Oct 24, 2016
    Navinder Singh Sarao, the British trader who has been accused of being partially responsible for the 2010 flash crash, has lost his extradition hearing and can now be sent to the U.S. to face trial, which could end in a jail sentence of up to 350 years. 
    Oct 24, 2016

    NYSSCPA Members in the News

    Kenneth Hall (Rochester)
    Credit card pros & cons
    WROC Rochester First
    CPA Kenneth Hall discussed the pros and cons of using credit cards Monday on News 8 at Sunrise. Many will use credit this time of year to supplement holiday purchases.  Hall started by addressing some of the dangers associated with credit card use.  "It's important to know when you have a credit card, that it's money that's going to come out of your pocket later when the bill comes in the mail or email," he said.  "Once you can install discipline in your spending it's good to think about a credit card, but if you can't control yourself, credit cards are a real bad thing."

  • TIGTA: IRS Can Do More To Beef Up Security
    Oct 21, 2016
    The Treasury Inspector General for Tax Administration said that the IRS has made good improvement in securing its systems from attack, but still found flaws in its processes and procedures that serve as possible avenues for further exploits. 
  • Study: Your Stressful Job May Literally Be Killing You
    Oct 21, 2016
    Ever mutter, after yet another late night at the office, "man, this job is really killing me." A recent study from Indiana University has found that you might actually be right. 
  • A Brief Update on Filing Requirements for U.S. Citizens Living Abroad and Resident Aliens in the United States
    Oct 1, 2016

    Who has to file Form 1040NR? Form 1040NR may need to be filed if a specified individual is a nonresident alien engaged in a trade or business in the United States, represented a deceased person who would have had to file Form 1040NR, or represented an estate or trust that had to file Form 1040NR. See the form’s instructions for more information.

  • 2016 New York Tax Update: Highlights and Lowlights
    Oct 1, 2016

    This article covers recent updates and developments in the New York State and City tax areas.

  • Proposed Regulations Under IRC Section 2704
    Oct 1, 2016

    On Aug. 2, 2016, the U.S. Department of the Treasury and the IRS issued proposed regulations under IRC Section 2704 (the “Proposed Regulations”) that, if enacted in its present form, might significantly curtail the ability of taxpayers to claim valuation discounts for both lack of control and lack of marketability in family-controlled entities. 

  • Why the Estate Tax Should Concern Us All
    Oct 1, 2016

    During the week of Aug. 7, presidential candidates Hillary Clinton and Donald Trump revealed their respective tax policies in major speeches to partisan audiences. While the presentations contained such jargon as marginal rates, inversions, and expenditures, the programs can be summarized as follows: Corporate America—along with the wealthy—will bear the brunt of Mrs. Clinton’s progressive agenda in the form of higher taxes, while these two groups would see their taxes reduced under a Trump regime. This is the choice Americans face in November.

Carry It Forward

Internal Audit Committee