Features

  • Cannabis Conference to Demonstrate that Industry Is Serious Business

    By:
    Chris Gaetano, Zach Simeone and Ruth Singleton
    |
    Oct 30, 2018

    Zachary Gordon, chair of the NYSSCPA’s Cannabis Industry Committee, would like you to discard the tired jokes and stereotypes. With the majority of U.S. states having at least some degree of legalization, ranging from medical to recreational, cannabis is a rapidly maturing industry that presents lucrative opportunities for business professionals of all stripes. The prospect of a recreational cannabis program in New York is one of the reasons why Gordon’s committee is organizing a Cannabis Conference on Dec. 11, which will explore these opportunities in depth.

  • Newsmaker: NYC Taxpayer Advocate Helps New Yorkers Resolve Their Property and Business Tax Issues

    By:
    Chris Gaetano
    |
    Jun 20, 2017
    Eunkyong Choi was appointed to the New York City Office of the Taxpayer Advocate last June, becoming the second person to hold this position. An attorney who specialized in tax controversies, she has extensive experience working with and advocating for low-income taxpayers and immigrant communities. She sat down with The Trusted Professional to talk a little bit about her background, her priorities and what the taxpayer advocate can do for the people and businesses of New York.
  • Tech Promises Less Drudge Work, But Will New Recruits Have the Skills Firms Need?

    By:
    Chris Gaetano
    |
    May 9, 2017

    While the CPA profession is certainly no stranger to technological advance, innovations like blockchain technology and artificial intelligence, as well as the increasing automation of routine tasks, promise to radically reshape the industry. It is a change that will affect not only what kind of work firms do, but whom they will hire to do it, something that will be particularly important for recent graduates who are entering an increasingly tech-centered profession.

  • 15 Years After Enron, Arthur Andersen Brand Resurges

    By:
    Chris Gaetano
    |
    May 2, 2017

    Given the Arthur Andersen brand’s association with a major accounting fraud, one might think the name would have too much baggage to be something a company would want to take on, let alone fight for in court. And for a while, it was, according to Mark L. Vorsatz, CEO of Andersen Tax and an alumnus of the original Arthur Andersen firm.

  • Newsmaker: Lord Mervyn King, former governor of the Bank of England

    By:
    Chris Gaetano
    |
    Aug 8, 2016
    Lord Mervyn King served as the governor of the Bank of England from 2003 to 2013. In his recent book, The End of Alchemy: Money, Banking, and the Future of the Global Economy, he reflects on the roots of the 2008 financial crisis and warns about financial policies that defy reality and common sense, particularly the degree to which the future can be extrapolated from the present. 
  • What to Do When Your Data Is Held for Ransom

    By:
    Randy R. Werner, CPA, J.D., LL.M./TAX
    |
    Jun 14, 2016
    Ransomware and cyber-extortion represent one of the more malicious types of hacker attacks making the rounds today. It sneaks into computer systems, encrypts files and demands a ransom before decrypting the files. A major problem is that ransomware doesn’t always decrypt files, even after the ransom is paid. Being prepared and taking precautions against cyber risk exposures such as this type of malicious software is therefore essential.
  • Members Approve New Membership Category in Bylaws Amendment Vote

    By:
    Colleen Lutolf
    |
    Jun 14, 2016
    The NYSSCPA opened its membership to a broader category of non-CPAs on June 1, shortly after members approved, 1,393 to 627, an amendment to the Society’s bylaws in a full-membership vote on the proposal. A two-thirds majority was required for the amendment to pass.