Latest Articles

  • NYSSCPA Announces the Winners of its 32nd Annual Excellence in Financial Journalism Awards

    By:
    Alonza Robertson
    |
    Apr 16, 2015

    The winners of the 32nd annual Excellence in Financial Journalism Awards were announced today by the New York State Society of CPAs. The Awards recognize outstanding national and local media whose work, published or broadcast in 2014, contributed to a better understanding of business and financial topics.

  • War Story Quiz: When Practices Merge, What Gets Lost in the Shuffle?

    By:
    Duncan B. Will, CPA/ABV/CFF, CFE
    |
    Apr 13, 2015

    “War Stories” are drawn from the claims files of Camico, a CPA-directed insurer and risk management program for accountants, and illustrate some of the dangers in the accounting profession. All names have been changed.

  • NYSSCPA Agrees With FASB on Investment Company Proposal

    By:
    Chris Gaetano
    |
    Apr 9, 2015
    The NYSSCPA has given its support to a Financial Accounting Standards Board (FASB) proposal that would require master-feeder funds to provide financial statements, saying the move would codify what had long been standard industry practice and would boost transparency. The Society expressed its views in a comment letter written by members of its Financial Accounting Standards Committee and published on Feb. 15.
  • Society to Hold Annual Election Meeting on May 14

    By:
    F. Michael Zovistoski, CPA, NYSSCPA Secretary/Treasurer
    |
    Apr 8, 2015

    Please note that the annual membership meeting of the New York State Society of Certified Public Accountants will be held on Thursday, May 14, 2015, at 6:30 p.m. (opening reception: 5 p.m.) at the Eventi Hotel, 851 Avenue of the Americas, New York City.

  • We Have a $10K Donation for The Moynihan Fund, But We Need Your Help to Get It!

    By:
    Staff Report
    |
    Apr 8, 2015

    An anonymous NYSSCPA member has offered to personally donate $10,000 to the Foundation for Accounting Education’s #CarryItForward campaign, but there’s a catch—he is challenging his fellow NYSSCPA members to live up to Dave’s example and raise a total of $10,000 by 6 p.m., May 14, in order to meet his matching gift. Our generous donor will be recognized that evening, at the NYSSCPA’s Annual Election Meeting and Dinner, at the Eventi Hotel in New York City. 

  • Five Value-Added Suggestions That Could Change a Client’s Business

    By:
    Joel Lanz, CPA/CITP, CFF, CISA, CISM, CISSP, CFE
    |
    Apr 7, 2015

    As busy season comes to a close, many practitioners will begin preparing to meet with clients and discuss ideas for improvements identified during the past audit season. This is a great time to share value-added suggestions for enhancing operations, which, especially in the case of a nonpublic client, may result in additional business opportunities for the firm. Even when they don’t, there can be other benefits, such as strengthening the client’s desire to continue working with your team. The following list will assist you in developing value-added suggestions. It reflects some of the most pressing concerns that industries and organizations of all sizes continue to struggle with, as they try to reduce their IT risk down to an acceptable level. Consider each area as an opportunity to communicate important issues to clients and help them devise a plan of attack.

  • Understanding New York City’s Property Tax Assessment Process

    By:
    Michael A. Benison, CPA, MST
    |
    Apr 7, 2015

    The Big Apple’s real estate market is booming—as evidenced by the pace at the New York City Tax Commission, which reviews property tax assessments set by the city’s Department of Finance. Last year, the commission received 52,221 claims in connection with some 193,305 tax lots citywide, and it’s poised to receive between 50,000 and 53,000 applications for property tax assessments this year. In fact, according to Tax Commission President Glenn Newman, most of the city’s major players are filing applications through the commission’s office these days. I recently sat down with Newman to discuss how CPAs and their clients could ensure a smoother tax assessment process. Here are the key takeaways from the conversation. 

  • NYSSCPA Board Approves Proposed Amendments

    By:
    Robert Busweiler
    |
    Apr 7, 2015

    The NYSSCPA’s Board of Directors has approved a series of proposed changes to the organization’s bylaws that, among other things, clarify the Society’s role in ethics investigations and expand its communication channels with members. The vote, taken during the board’s quarterly meeting on March 19, paved the way for the proposed amendments to be included in the proxy ballot mailed to all CPA members of the Society.  

  • NYSSCPA Board Votes for No Increase to Member Dues

    By:
    Ellen Clark
    |
    Apr 7, 2015

    NYSSCPA membership renewal season has started, and with good news: The NYSSCPA Board of Directors voted at its March meeting for member dues rates to remain flat, with no increase this year. Moreover, under the NYSSCPA’s Green Campaign, members who renew online by April 19 will not receive a paper invoice or email reminders, resulting in savings of paper, time, and money. To pay dues online, members simply log in at the Society’s website, nysscpa.org.

    “For every member who renews online, we can save an extra $10 that we can invest in services for our members,” said Lisa Axisa, the Society’s director of Member Relations. With 28,000 members the savings add up quickly and put us on even stronger footing for the new fiscal year.”  

  • Society Board Approves Proposed Amendments

    By:
    Robert Busweiler
    |
    Mar 31, 2015

    The NYSSCPA’s Board of Directors has approved a series of proposed changes to the organization's bylaws that, among other things, clarify the Society’s role in ethics investigations and expand its communication channels with members.

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