Latest Articles

  • TIGTA: IRS Automated Non-Master File Rife with Errors

    By:
    Chris Gaetano
    |
    May 31, 2017
    The Treasury Inspector General for Tax Administration (TIGTA)  said that the IRS's Automated Non-Master File, which provides information regarding individual and business taxpayer accounts that, because of system limitations, cannot be processed through the Master File, contains numerous calculation errors that have resulted in incorrect assessment of penalties for thousands of accounts. 
  • Business Lunches on the Decline

    By:
    Chris Gaetano
    |
    May 31, 2017
    An article in the Wall Street Journal says that fewer people these days spend their lunch breaks at restaurants, both driving and reflecting changes in workplace cultures. 
  • Regulatory Roundup: May 24 to May 30

    By:
    Chris Gaetano
    |
    May 30, 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.
  • Use a Credit Card at Chipotle? Your Information May Have Been Stolen

    By:
    Chris Gaetano
    |
    May 30, 2017
    Burrito chain Chipotle warned people that the payment systems in most of its restaurants have been compromised by malware that lifts information from credit and debit cards used there. 
  • PCAOB to Consider Changes to Standard Auditor's Report

    By:
    Chris Gaetano
    |
    May 30, 2017
    The Public Company Accounting Oversight Board (PCAOB) announced that it plans to consider possible changes to the standard auditor's report that will mandate the inclusion of additional information. 
  • CBO: AHCA Would Save $119 Billion Net, Increase Uninsured by 23 Million

    By:
    Chris Gaetano
    |
    May 25, 2017
    The Congressional Budget Office, calculating the effects of the American Health Care Act, estimates that the bill would save about $119 billion net over a decade ($1.1 trillion in reduced spending minus $992 in reduced revenues) and cause 23 million people to go uninsured over that same time period. 
  • TIGTA: More Than Half of Those Receiving Health Coverage Tax Credit Were Ineligible

    By:
    Chris Gaetano
    |
    May 25, 2017
    The Treasury Inspector General for Tax Administration said that about 57 percent of those the IRS sent Health Coverage Tax Credits to had characteristics that should have disqualified them from the program. 
  • Uber Makes Gross Accounting Error, Owes Drivers Tens of Millions

    By:
    Chris Gaetano
    |
    May 24, 2017
    Rideshare company Uber announced it will be paying its drivers tens of millions of dollars after discovering an accounting error that led the company to take its cut from the gross pay, instead of the net pay as outlined in the terms of service. 
  • Fiduciary Rule Spared the Ax, Will Go Into Effect 2018

    By:
    Chris Gaetano
    |
    May 24, 2017
    An Obama-era labor regulation mandating that retirement investment advisers be bound by fiduciary versus suitability rules will go into effect 2018 despite previous hints from the administration that it would be cancelled. 
  • Regulatory Roundup: May 17-23

    By:
    Chris Gaetano
    |
    May 23, 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.