Features

  • Working on an estate tax return?

    By:
    Anthony J. Cooper, J.D.
    |
    Mar 19, 2015
    Late-filing penalties for estate tax returns are frequently used as grounds for professional liability claims against CPAs, in large part because of their cost: Given the steeply progressive tax rates for estate tax and rapidly accruing penalties, these can exceed $300,000.
  • Carry It Forward

    By:
    Scott M. Adair, CPA, NYSSCPA President
    |
    Mar 9, 2015
    Last month, I told you that the Society was hard at work thinking of a fitting way to honor David J. Moynihan, the NYSSCPA’s 2009–2010 president. Since Dave passed away in January, so many of us had the same question: How do we continue his legacy? Dave was a man of action as well as ideas, a big-picture thinker who never shied away from rolling up his sleeves. As an organization, we knew that whatever we did to pay homage to him would have to embody those same characteristics.
  • Newsmaker: Meet the New Taxpayer Rights Advocate Margaret Neri

    By:
    CHRIS GAETANO
    |
    Dec 12, 2014
    In July, Margaret “Peg” Neri was appointed the state’s new Taxpayer Rights Advocate, after her predecessor, Camille Siano Enders, left the post to become deputy commissioner and director of the Bureau of Conciliation and Mediation Services. 
  • Changing with the times

    By:
    SCOTT M. ADAIR, CPA, NYSSCPA PRESIDENT
    |
    Dec 12, 2014
    When people think of CPAs, they think of unbiased, responsible, trustworthy advisers. But more and more, we need to add another adjective to our skill set: nimble. Our profession has undergone a tremendous amount of change in the last decade—the kind that leaves no room for rigidity or small thinking. Success today is tied to the ability to be adaptable, to interpret and navigate shifts even as we stay true to our core principals. 
  • Financial managers: GASB proposals on OPEB to have subtle impact

    By:
    CHRIS GAETANO
    |
    Sep 26, 2014
    chools, municipalities and other public entities will need to radically change how they calculate liabilities for other post-employment benefits (OPEB), if the Governmental Accounting Standards Board (GASB) approves three exposure drafts it simultaneously released this summer. However, experts say the impact will be subtle, with the biggest shifts occurring mostly in how information is presented. 
  • At 27, COAP program continues to win over the next generation

    By:
    ALONZA ROBERTSON
    |
    Sep 26, 2014
    They came from every corner of New York state—the 250 high school juniors who participated in this year’s Career Opportunities in the Accounting Profession (COAP) program—and they came with a shared goal: to get a firsthand glimpse of life in the profession. But, like scores of students before them, they left with more than they could have imagined. 
  • Doing the Right Thing: A CPA’s First and Foremost Concern

    By:
    THOMAS RAY, CPA
    |
    Sep 11, 2014
    Editor’s Note: Welcome to The Trusted Professional’s monthly column, Doing the Right Thing. Written by members of the NYSSCPA’s Professional Ethics Committee, it takes an in-depth look at how the Code of Professional Conduct can be applied to practical concerns.