• Conference explores state nexus issues for foreign companies

    By:
    CHRIS GAETANO
    |
    May 31, 2016

    For an overseas company looking to expand to the United States, complying with the federal government’s myriad rules and regulations requires an expert’s help. But when combined with the task of doing the same thing on the state and local level, foreign companies often find themselves at a loss, according to two speakers at a recent NYSSCPA International Taxation Conference. 

  • IRS improves phone support – sort of

    By:
    CHRIS GAETANO
    |
    May 31, 2016

    Hoping not to repeat last year’s long wait times on hold and troubling disconnections, the IRS received $290 million in December to put measures in place that will reduce wait times on the phone during tax season for members of the public and their CPAs. 

  • War Story: Avoiding legal quicksand in the search for youth

    By:
    EMILY FRANCHI
    |
    May 31, 2016

    The midsized CPA firm of Hitchens & Hyde (H&H) was interested in recruiting staff with better qualifications to take over some of the work being performed by the aging founders and partners, Harold Hitchens and Richard Hyde. Ideally, the new recruits would prove themselves worthy of being groomed for partnership, thereby enabling Hitchens and Hyde to transition into retirement. 

  • 6 questions you need to ask about cybersecurity systems: Start thinking about required coverage, risk tolerance, exclusions and other factors

    By:
    JOEL LANZ, CPA/CITP, CFF, CISA, CISM, CISSP, CFE
    |
    May 31, 2016

    Given the ongoing breaches at organizations with best-in-class cybersecurity systems, financial executives and their C-suite counterparts, including audit committees, have accepted that a breach is a question of when, rather than if.

    Here are some questions to consider as you review your insurance coverage for cybersecurity breaches. 

     

  • NYSSCPA’s 2016 Financial Journalism Awards launched

    By:
    MAYA LINDSAY
    |
    May 31, 2016

    Submissions from financial journalists across the country poured in swiftly for the NYSSCPA’s 2016 Excellence in Financial Journalism (EFJ) Awards, which seek to recognize outstanding business reporting—published or broadcast in 2015— that contributed to the public’s better understanding of business and financial topics. 

  • Not-so-obvious rules for nonprofits

    By:
    CHRIS GAETANO
    |
    May 31, 2016

    While an organization might be nonprofit, it can be affected by accounting standards made for the for-profit world, according to Allen L. Fetterman, a speaker at the NYSSCPA’s Nonprofit Conference in January.

    The Nonprofit Conference, the Society’s 38th annual, was held first in Rochester on Jan. 7, where 111 people attended, and then in New York City on Jan. 14, drawing 316. The conference featured practitioners who specialize in the nonprofit sector and regulators from agencies overseeing it. 

     

  • NextGen events: Recap and upcoming

    By:
    MICHELLE ROBERTS | Northeast Chapter NextGen Chair
    |
    May 31, 2016

    Although spring is upon us, members of the NextGen committee are still looking back on the 2015 holiday season, when chapter-area firms gathered food donations and brought them to the Parsons Child and Family Center food pantry. The Parsons staff shared their gratitude with all who contributed. We hope to increase participation each year. 

  • Watching diversity flourish with COAP

    By:
    RUMBI BWERINOFAPETROZZELLO | Queens/Brooklyn Chapter President
    |
    May 31, 2016
    Our holiday party, which we held in January this year, was the perfect reminder of the incredible community that makes up the membership, family and friends of the Queens/Brooklyn Chapter. Past and current board members and officers were in attendance, along with other active members and fellow professionals. We took time to recognize the contributions of our members who give selflessly despite their busy schedules.
  • Beware identity theft

    By:
    MICHELE LAZZARA | Westchester Chapter President
    |
    May 31, 2016

    As tax season sets in, we should be aware of identity theft and the increased risks associated with it. Here are some of the efforts underway to combat it. 

  • Attitude is everything

    By:
    By BRUCE M. ZGODA | Buffalo Chapter President
    |
    May 31, 2016
    It is tax season and with that comes little time to do much of anything except work. Having said that, it takes a good attitude to forge ahead and provide our family, friends and clients with the care and concern they deserve.
  • Rochester champions media relations, recruiting and events

    By:
    MATTHEW P. BRYANT | Rochester Chapter President
    |
    May 31, 2016

    Our Rochester Chapter has a regularly scheduled interview on WROCTV, the local CBS station, which airs every Monday morning around 6:15 a.m. During these segments, one of the anchors will interview one of our chapter members on a range of accounting, finance and tax topics. Since we are in the middle of tax season, our chapter has been focusing on tax tips for individuals to use when planning and preparing their personal income tax returns. These interviews are a great opportunity for our members to share useful tax topics with the Rochester community. As one of the members who has participated in these interviews, I have found the response to be overwhelmingly positive. It is great to hear from a wide range of people that they saw the interview on TV and picked up a tip or two. 

  • Formal Notice: 2016 Annual Election Meeting of the NYSSCPA

    By:
    Colleen Lutolf
    |
    May 11, 2016

    The New York State Society of Certified Public Accountants' annual membership meeting will be held on Thursday, May 19, 2016, at 6:30 p.m. (opening reception: 5 p.m.) at The Lighthouse at Chelsea Piers, located at Pier 61, Chelsea Piers, 23rd Street and West Side Highway, New York, NY 10011.

  • AICPA proposes forming global association with CIMA

    By:
    Chris Gaetano
    |
    May 3, 2016

    The AICPA is putting to a membership-wide vote a proposal to partner with the Chartered Institute of Management Accountants (CIMA) in creating a new association—the Association of International Certified Professional Accountants (AICPA)--that would represent the entire accounting profession—including CPAs—on a global scale. 

  • CPA Roundtable: How Do You Use Social Media to Develop Your Business?

    By:
    Chris Gaetano
    |
    Apr 25, 2016
    How do you use social media to develop your business? 
  • Society board approves new, non-CPA membership class

    By:
    Colleen Lutolf and Rob Busweiler
    |
    Apr 12, 2016

    The NYSSCPA’s Board of Directors voted on March 22 to approve a proposed change to the organization’s bylaws that, if adopted by the membership at large, would create a new membership category at the Society for individuals in other professions who work closely with CPAs, such as attorneys, actuaries and other financial professionals, but who do not hold a CPA license or work under a CPA’s supervision.

  • Fetterman honored for contributions to community

    By:
    Jason Wong
    |
    Feb 11, 2016

    Not everyone has the chance to combine a rich, established professional career with a deeply personal mission, but Allen L. Fetterman did, and for that, he received the 2015 Michael H. Urbach, CPA, Community Builders Award.

  • Speaker shares inside tips on effective borrowing

    By:
    Chris Gaetano
    |
    Feb 11, 2016

    Maybe you have an idea for a new business, or maybe you already have one and want to take it to the next level.

  • 4 questions small firms need to ask about cybersecurity

    By:
    Chris Gaetano
    |
    Feb 11, 2016

    Just because you’re a small firm, don’t assume that cybercriminals won’t notice you. Yigal Rechtman, an expert in IT audits, said this all-too-common mindset amounts to nothing more than “security by obscurity,” which really isn’t that secure at all. 

  • New members, education reign in Buffalo

    By:
    Bruce Zgoda
    |
    Feb 11, 2016
    Remember: growing older is mandatory, while growing up is optional. We make a living out of what we get; we make a life by what we give. Good friends are like stars; you don’t always see them, but you know they're there.
  • Strong end of year and start of a new one

    By:
    Matthew P. Bryant, CPA
    |
    Feb 11, 2016

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