Latest Articles

  • Analysts Say Nuclear War Will Be Bad for Markets

    By:
    Chris Gaetano
    |
    Aug 11, 2017
    Financial analysts, rattled by the recent feud between the president and Kim Jong Un, said that a nuclear war would likely be bad for the markets. 
  • Online Sellers to be Given 60-Day Amnesty Period Before Being Subject to Sales Tax

    By:
    Chris Gaetano
    |
    Aug 10, 2017
    A consortium of state-level tax authorities is planing to give online sellers a 60-day grace period, starting from Aug. 17, to disclose outstanding liabilities stemming from their business activities as a way to get more retailers to start collecting sales and use taxes. 
  • IRS E-Services to be Down For Maintenance Aug. 17 to Aug. 21

    By:
    Chris Gaetano
    |
    Aug 10, 2017
    The IRS said that numerous e-services will be down for maintenance from Aug. 17 to Aug. 22. 
  • Company Asks Media to Use Non-GAAP Metric After SEC Ordered It Excluded From Financial Report

    By:
    Chris Gaetano
    |
    Aug 9, 2017
    Video game company Activision Blizzard―known for hit titles like World of Warcraft, Starcraft and Overwatch―has been asking the media to report non-GAAP metrics that the SEC told them to stop using in their financial reports. 
  • The Opposite of 'Accountants and Auditors' is 'Agricultural Graders'

    By:
    Chris Gaetano
    |
    Aug 9, 2017

    Using data from the U.S. Department of Labor, the New York Times broke every profession down into their required skills, and then used those points to determine what the opposite of each profession would be. In the case of accountants and auditors, the result was agricultural graders. 

  • State Education Department Proposes Changes to Annual Professional Ethics CPE Requirement

    By:
    Ruth Singleton
    |
    Aug 8, 2017
    Beginning in 2018, New York-licensed CPAs will be required to earn six CPE credits in ethics every three years, up from the current four-credit requirement, if the New York State Board of Regents approves the measure this fall.
  • State Tax Department Simplifies Power of Attorney Form, Process Issues

    By:
    New York State Department of Taxation and Finance
    |
    Aug 8, 2017
    Based on feedback from tax professionals and taxpayers, the New York State Department of Taxation and Finance recently revised Form POA-1, Power of Attorney, and implemented a power of attorney (POA) web application to make it easy to file. The changes are part of the department’s ongoing effort to make its forms more user-friendly and to enhance its operational efficiency.
  • Americans' Credit Card Debt Tops $1 Trillion

    By:
    Chris Gaetano
    |
    Aug 8, 2017
    A recent report from the U.S. Federal Reserve has found that American credit card debt is higher than it's ever been before, with people collectively owing $1.021 trillion, and there's no sign it won't climb higher. 
  • NYC Mayor Proposes Tax Increase to Fund Subway Repairs

    By:
    Chris Gaetano
    |
    Aug 8, 2017
    NYC Mayor Bill de Blasio said that the city could raise taxes on the rich in order to fund repairs and improvements to the ailing public transit system. 
  • Regulatory Roundup: Aug. 2-8

    By:
    Chris Gaetano
    |
    Aug 8, 2017
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYSSCPA’s regular series that collects relevant regulatory announcements from the past week, and puts them in one place to help you stay on top of the issues.