Latest Articles

  • Tax Manager Listed as 4th Highest Paying Job in Country

    By:
    Chris Gaetano
    |
    Jan 31, 2017
    Salary data recently released from jobs site Glassdoor has listed tax managers as the fourth-highest paying profession in the U.S. right now. 
  • Survey: Firms Planning to Up Fees 6.1 Percent

    By:
    Chris Gaetano
    |
    Jan 31, 2017
    A survey conducted by the National Society of Accountants has found that firms are planning to up their fees by an average of 6.1 percent this year. 
  • Acting Tax Commish Addresses Driver’s License Requirement at FAE Conference

    By:
    Chris Gaetano
    |
    Jan 31, 2017

    The New York State Department of Taxation and Finance (NYSDTF) is requiring taxpayers to provide driver’s license or state identification information along with their New York state e-filed returns this year, leaving some tax practitioners scrambling to educate themselves and their clients about the new rule announced only 11 days before filing season began on Jan. 23.

  • Regulatory Roundup, Jan. 25-31

    By:
    Chris Gaetano
    |
    Jan 31, 2017
    With so many regulators out there, it can be tough to keep track of everything they say from week to week. Luckily we here at the Trusted Professional have collected relevant regulatory announcements from this past week and put them here in one place to help you stay on top of regulatory issues or matters. This is the first of a regular series that will let you know what you may have missed in the past seven days.
  • Democrats Block Vote on Treasury Secretary Nomination

    By:
    Chris Gaetano
    |
    Jan 31, 2017
    Senate Democrats blocked a vote on Treasury Secretary Nominee Steve Mnuchin by boycotting the proceedings, leading to outrage among Republican lawmakers. 

  • SEC Shuts Down 'Hamilton' Ticket Resell Ponzi Scheme

    By:
    Chris Gaetano
    |
    Jan 30, 2017
    The Securities and Exchange Commission charged two New York businessmen with running a Ponzi scheme centered around taking investor money to buy tickets for the hit Broadway musical and other shows, which would then be resold at a profit. The SEC said that whatever gains investors made came from newer investors brought into the scheme, with the two men pocketing millions for their own expenses in the meantime. 
  • Comptroller DiNapoli Finds Fewer School Districts in 'Fiscal Distress'

    By:
    Chris Gaetano
    |
    Jan 30, 2017
    The number of school districts considered to be in 'fiscal distress' by New York State Comptroller Thomas DiNapoli this year is 59, lower than 82 districts last year and the 90 the year before that. 
  • IRS Warns of New W-2 Scam

    By:
    Chris Gaetano
    |
    Jan 27, 2017
    The IRS has sounded the alarm that scammers are going phishing for W-2 information and are using spoofed emails as bait. The scam uses emails to impersonate a company's chief executive officer in order to ask that human resources or payroll office employees send personal information on employees, which the scammers would then use for identity theft purposes.
  • Average Fee for 1040 Prep Reaches $176

    By:
    Chris Gaetano
    |
    Jan 27, 2017
    How much are you charging to prepare a Form 1040? If it's $176, you're right about average, according to a recent article in Accounting Today. This makes the average fee $17 more than it was two years ago. 
  • NYSSCPA Marijuana Symposium addresses risks and benefits of the industry

    By:
    Chris Gaetano
    |
    Jan 26, 2017

    With New York state having launched its medical marijuana program in January 2016 and all of its neighboring states administering their own medical marijuana programs, the NYSSCPA hosted its first Marijuana Symposium on Dec. 13, in order to educate the profession and the public, inform local and national decision makers, and host a forum for open and thoughtful discussion on one of the United States’ fastest growing industries.