Latest Articles

  • Lawsuits Against Tax Preparers, Already High, Set to Grow

    By:
    Chris Gaetano
    |
    Jul 6, 2017
    Tax preparers are already sued more than any other CPA specialty, and analyses from liability insurance firms indicate that several unique conditions in the 2017 season will lead to even more litigation against firms. 
  • Study: When Execs Meet with White House Officials, Company Stock Surges

    By:
    Chris Gaetano
    |
    Jul 6, 2017
    A recent study has found that when corporate executives meet with federal officials, their stock tends to do better. The study also found that the degree to which such meetings have on stock prices is affected by which party is in the White House at the time. 
  • Ukrainian Police Seize Accounting Firm's Servers in Connection with Malware Attack

    By:
    Chris Gaetano
    |
    Jul 5, 2017
    Ukrainian police seized an accounting firm's servers on the suspicion that they had been used to spread a malware attack that last week crippled networks around the world. 
  • Study: CPA Firms Spending Lots of Sponsorships But See Few Results

    By:
    Chris Gaetano
    |
    Jul 5, 2017
    A recent study has found that CPA firms have been spending more than ever on sponsorships, more even than on traditional advertising, despite seeing few tangible results from these efforts. 
  • Regulatory Roundup: June 28-July 5

    By:
    Chris Gaetano
    |
    Jul 5, 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.
  • SEC Expands Nonpublic Draft Registration from EGCs to All Companies

    By:
    Chris Gaetano
    |
    Jun 30, 2017
    The Securities and Exchange Commission announced that the ability to submit draft registration statements relating to initial public offerings for review on a non-public basis, which had previously been restricted only to Emerging Growth Companies, has now been expanded to all companies. 
  • Bill Would Require Shell Corporation Owners to Be Revealed

    By:
    Chris Gaetano
    |
    Jun 30, 2017
    A bill with both Democratic and Republican support would require corporations and limited liability companies to file information about their beneficial owners. 
  • GASB Issues Lease Standard

    By:
    Chris Gaetano
    |
    Jun 29, 2017
    The Government Accounting Standards Board (GASB) issued guidance that establishes a single approach to accounting for and reporting leases by state and local governments. This single approach is based on the principle that leases are financings of the right to use an underlying asset.
  • Taxpayer Advocate: IRS Service Improved in Some Areas, Worsened in Others

    By:
    Chris Gaetano
    |
    Jun 29, 2017
    Taxpayer Advocate Nina E. Olson, in her mid-year report to Congress, said that taxpayer service slightly improved in accounts management, but got remarkably worse in compliance. 
  • Nominating Committee seeks members for 2018

    By:
    Anthony T. Abboud
    |
    Jun 28, 2017

    Are you interested in helping to select who will serve on next year’s NYSSCPA Board of Directors? If so, consider serving on the Society’s Nominating Committee.