Latest Articles

  • Speaker: Uncertainty Snarls Tax Planning

    By:
    Chris Gaetano
    |
    Dec 11, 2017
    Congress is in the middle of crafting what has been promised to be the most significant overhaul to federal tax policy in decades, though a speaker at the Foundation for Accounting Education's Tax Planning for Individuals Conference on Dec. 7 noted that the timing of all this makes it difficult to plan for next year. 
  • Japanese Firm Tries Drones to Prevent Death-by-Overwork

    By:
    Chris Gaetano
    |
    Dec 11, 2017
    A Japanese cleaning and office security firm is considering using drones to curtail white collar workers who stay in the office until late at night as a way to both encourage better work-life balance and discourage death-by-overwork. 
  • Why Are People So Bad With Money?

    By:
    Chris Gaetano
    |
    Dec 11, 2017
    It's a question that many CPAs have no doubt asked themselves when observing a client making a particularly bad decision: why are they so bad with money? A behavioral economist from Duke University thinks he has an answer to that question—several, in fact. 
  • Ways to Recognize a Social Engineering Attack

    By:
    Chris Gaetano
    |
    Dec 8, 2017
    You can have the most sophisticated network security in the world, but it's all worthless if someone replies to the wrong email. We speak often of what to do in the event of a cyber attack, but many of those are preceded by simple social engineering. What are the signs that someone is trying to manipulate you into giving up valuable information?
  • Speaker: Regulatory Slowdown Means More Work for CPAs

    By:
    Chris Gaetano
    |
    Dec 7, 2017
    While the administration's freeze on new federal regulations might seem, on its face, to mean less work for CPAs, a speaker at the Foundation for Accounting Education's Tax Planning for Individuals Conference on Dec. 6 said that, paradoxically enough, it will actually mean the opposite. 
  • Speaker: Federal Estate Tax Cut All But Certain, But Don't Count Out State-Level Taxes

    By:
    Chris Gaetano
    |
    Dec 7, 2017
    Kevin Matz, a tax partner at Stroock & Stroock & Lavan LLP, said it was almost certain that the tax reform bill will pass, which at the very least means significant cuts in the federal estate tax, if it's not repealed entirely. But at the same time, he said, CPAs need to remember that states collect estate taxes too, and they won't necessarily follow every aspect of the federal law. 
  • House and Senate Republicans to Confer on Respective Tax Plans

    By:
    Chris Gaetano
    |
    Dec 5, 2017
    Senate Republicans will be meeting with their House counterparts this week after voting on their version of the tax reform bill. 
  • PCAOB Releases Staff Guidance for Expanded Auditors Report

    By:
    Chris Gaetano
    |
    Dec 5, 2017
    The Public Company Accounting Oversight Board (PCAOB) released guidance intended to help people make sense of the new expanded auditor's report, which was formally adopted this past June. 
  • Regulatory Roundup: Nov. 29-Dec. 5

    By:
    Chris Gaetano
    |
    Dec 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.
  • Treasury Inspector General: Investigating Missing Tax Analysis a 'Top Priority'

    By:
    Chris Gaetano
    |
    Dec 1, 2017
    The Treasury Inspector General has said that looking into why the secretary's long-awaited analysis of the Republican tax plan has not been released.