Latest Articles

  • Apple Challenges EU Over $13.6 Billion Tax Bill

    By:
    Chris Gaetano
    |
    Dec 19, 2016
    Apple does not believe it should have to pay $13.6 billion in taxes and is planning to mount a court challenge against the European Union, which said that it does.
  • Hedge Fund Execs Charged in Possibly Biggest Fraud Since Bernie Madoff

    By:
    Chris Gaetano
    |
    Dec 19, 2016
    Three top executives from hedge fund Platinum Partners were arrested and charged today for running what prosecutors believe is a $1 billion fraud, the biggest since Bernie Madoff's multi-billion dollar Ponzi scheme.
  • Deutsche Bank Settles With SEC, NYSAG Over Charges of Materially Misleading Statements

    By:
    Chris Gaetano
    |
    Dec 16, 2016
    German financial institution Deutsche Bank will pay $37 million to the Securities and Exchange Commission and the New York Attorney general over charges that it made materially misleading statements to clients about the performance of its automated order router.
  • Study Asks White Collar Criminals What They Were Thinking. Answer? They Weren't

    By:
    Chris Gaetano
    |
    Dec 16, 2016
    A researcher who interviewed 50 prominent white collar criminals, including former Enron CFO Andrew Fastow and former KPMG executive Scott London, found that far from being calculating schemers twirling a vaudevillian mustache, corporate crooks committed their crimes quite casually, giving little thought as to the social or ethical consequences of their actions.
  • NEWS HIGHLIGHTS FOR FRIDAY - 12.16.16

    By:
    Maya Lindsay
    |
    Dec 16, 2016

    Accounting and Financial News Stories

    The future of automation and accounting
    Accounting Today
    Automation is transforming the accounting profession. My experience proves it. Over the past five years, I’ve gone from working as a low-paid hourly bookkeeper to billing fixed fees as high-value virtual controller — and one who does almost no data entry, by the way. We’re quickly approaching an era of “no-code accounting” — truly zero data entry. But that’s not all automation will do for us in the future.

  • NEWS HIGHLIGHTS FOR THURSDAY - 12.15.16

    By:
    Maya Lindsay
    |
    Dec 15, 2016

    NYSSCPA Members in the News

    NYSSCPA Marijuana Symposium
    Getting respect
    Reno News & Review
    In Manhattan this week, the New York State Society of Certified Public Accountants held something called a “Marijuana Symposium: Business, Tax and Legal Implications.

  • More Fines Leveled Against Companies Found Defrauding Govt. in Obama Administration Than Last Three Administrations Combined

    By:
    Chris Gaetano
    |
    Dec 15, 2016
    The Obama Administration has collected $31.3 billion from companies that were found to have defrauded the government, more than has been collected during the last three presidential administrations combined.
  • FAE Speaker: NYC Real Estate Market Leveling Off as Part of Natural Market Cycle

    By:
    Chris Gaetano
    |
    Dec 15, 2016
    New York City's once white-hot real estate market is cooling off since reaching a peak two years ago, with office, retail and residential markets all hitting a wall in terms of units sold, according to a speaker at the FAE's Real Estate Conference today, held at the New York Bar Association.
  • State Senator: Medical Marijuana in NY Has Come Far, but Program Has Lots of Room for Improvement

    By:
    Chris Gaetano
    |
    Dec 14, 2016
    New York State Senator Diane Savino, speaking at the NYSSCPA's Marijuana Symposium yesterday, said that while New York has overcome a lot of challenges to eventually implement its medical marijuana program, obstacles both political and economic mean that there's still a lot of work to be done.
  • NEWS HIGHLIGHTS FOR WEDNESDAY - 12.14.16

    By:
    Maya Lindsay
    |
    Dec 14, 2016

    NYSSCPA Members in the News

    NYSSCPA Marijuana Symposium
    Savino: Sessions could throw medical marijuana programs into 'disarray'
    POLITICO
    State Sen. Diane Savino, the chamber's sponsor of the state's Compassionate Care Act, said Tuesday she is concerned about the new administration's impact on medical marijuana laws. "While the current president-elect, Donald Trump, has not said anything hostile about medical marijuana and, in fact, his comments have been pretty positive about medical marijuana ...his selection for Attorney General is a real concern for myself, and I know for people in the industry," Savino, a member of the Independent Democratic Conference, said during a panel discussion sponsored by the New York State Society of CPAs.