Latest Articles

  • IRS to Block Returns Missing Obamacare Info

    By:
    Chris Gaetano
    |
    Oct 20, 2017
    The IRS said it will be suspending or blocking any return filed for the 2017 tax year that is missing information about the taxpayer's health insurance status.
  • Speaker: New Recession Could Come in 5-7 Years

    By:
    Chris Gaetano
    |
    Oct 19, 2017
    Lester Wigler, a senior portfolio manager and financial adviser with Morgan Stanley, said that a number of financial indices show that the global economy is still growing, so don't worry about a worldwide recession in the next three to five years. The next five to seven years, though, are another story. 
  • Speaker: New Paid Family Leave Law Can Be Challenging But Employers Can Protect Themselves

    By:
    Chris Gaetano
    |
    Oct 19, 2017
    Frank Kerbein, the director of the Center for Human Resources at the Business Council of New York State and a speaker at the Foundation for Accounting Education's Oct. 18 Business and Industry Conference, said that the state's new paid family leave law will be challenging for employers, but there are ways for employers to mitigate the impacts. 
  • Speaker: Misconceptions Often Mean Contractors Leave Money on Table

    By:
    Chris Gaetano
    |
    Oct 19, 2017
    James Lundy Jr., a partner with Marcum LLP's Construction Industry Practice group and a speaker at the Foundation for Accounting Educations Oct. 19 Construction Contractors Conference, said that many contractors miss opportunities to lower their tax bills because of misconceptions about how certain programs can apply to their industry, particularly where it concerns deferred taxation. 
  • Panel: Construction Contractor Firms Keep Succession Planning in Mind

    By:
    Chris Gaetano
    |
    Oct 19, 2017
    As in CPA firms, leaders in the construction industry tend to skew older, which means many are wrestling with questions of how they can best ensure continuity of leadership and a continuing flow of high-quality younger employees interested in working in that field. 
  • IRS Reconsiders Equifax Contract

    By:
    Chris Gaetano
    |
    Oct 17, 2017
    The IRS has decided that it may not have been a good idea to hire Equifax, recently the subject of a data breach that impacted potentially 40 percent of the U.S. population, to verify taxpayer identities. 
  • California Carves Out Special Tax Apportionment Rules for Space Travel

    By:
    Chris Gaetano
    |
    Oct 17, 2017
    The state of California added "space transportation," that is the movement of people or property into space, to the list of unusual industries subject to special apportionment rules for determining how much income the state can tax. 
  • Regulatory Roundup: Oct. 11-17

    By:
    Chris Gaetano
    |
    Oct 17, 2017
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYSSCPA’s regular series that collects relevant regulatory announcements from the past week, and puts them in one place to help you stay on top of the issues.
  • IRS to Revisit How It Processes Private Letter Rulings

    By:
    Chris Gaetano
    |
    Oct 16, 2017
    The IRS warned practitioners that it plans to reconsider how it processes certain private letter rulings, and may issue new guidance to that effect. 
  • Nominations for Society‚Äôs Board of Directors Due Jan. 2

    By:
    NYSSCPA Staff
    |
    Oct 16, 2017

    Are you interested in serving on the NYSSCPA’s Board of Directors? The Society’s Nominating Committee is accepting submissions of interest by members to fill key leadership positions on the NYSSCPA’s Board of Directors. Terms begin on June 1, 2018. The deadline to submit a nomination is Tuesday, Jan. 2.