Latest Articles

  • NEWS HIGHLIGHTS FOR FRIDAY - 12.16.16

    By:
    Maya Lindsay
    |
    Dec 16, 2016

    Accounting and Financial News Stories

    The future of automation and accounting
    Accounting Today
    Automation is transforming the accounting profession. My experience proves it. Over the past five years, I’ve gone from working as a low-paid hourly bookkeeper to billing fixed fees as high-value virtual controller — and one who does almost no data entry, by the way. We’re quickly approaching an era of “no-code accounting” — truly zero data entry. But that’s not all automation will do for us in the future.

  • NEWS HIGHLIGHTS FOR THURSDAY - 12.15.16

    By:
    Maya Lindsay
    |
    Dec 15, 2016

    NYSSCPA Members in the News

    NYSSCPA Marijuana Symposium
    Getting respect
    Reno News & Review
    In Manhattan this week, the New York State Society of Certified Public Accountants held something called a “Marijuana Symposium: Business, Tax and Legal Implications.

  • More Fines Leveled Against Companies Found Defrauding Govt. in Obama Administration Than Last Three Administrations Combined

    By:
    Chris Gaetano
    |
    Dec 15, 2016
    The Obama Administration has collected $31.3 billion from companies that were found to have defrauded the government, more than has been collected during the last three presidential administrations combined.
  • FAE Speaker: NYC Real Estate Market Leveling Off as Part of Natural Market Cycle

    By:
    Chris Gaetano
    |
    Dec 15, 2016
    New York City's once white-hot real estate market is cooling off since reaching a peak two years ago, with office, retail and residential markets all hitting a wall in terms of units sold, according to a speaker at the FAE's Real Estate Conference today, held at the New York Bar Association.
  • State Senator: Medical Marijuana in NY Has Come Far, but Program Has Lots of Room for Improvement

    By:
    Chris Gaetano
    |
    Dec 14, 2016
    New York State Senator Diane Savino, speaking at the NYSSCPA's Marijuana Symposium yesterday, said that while New York has overcome a lot of challenges to eventually implement its medical marijuana program, obstacles both political and economic mean that there's still a lot of work to be done.
  • NEWS HIGHLIGHTS FOR WEDNESDAY - 12.14.16

    By:
    Maya Lindsay
    |
    Dec 14, 2016

    NYSSCPA Members in the News

    NYSSCPA Marijuana Symposium
    Savino: Sessions could throw medical marijuana programs into 'disarray'
    POLITICO
    State Sen. Diane Savino, the chamber's sponsor of the state's Compassionate Care Act, said Tuesday she is concerned about the new administration's impact on medical marijuana laws. "While the current president-elect, Donald Trump, has not said anything hostile about medical marijuana and, in fact, his comments have been pretty positive about medical marijuana ...his selection for Attorney General is a real concern for myself, and I know for people in the industry," Savino, a member of the Independent Democratic Conference, said during a panel discussion sponsored by the New York State Society of CPAs.

  • Just What Exactly Are People Buying With Stolen Credit Card Numbers?

    By:
    Chris Gaetano
    |
    Dec 14, 2016
    The answer is jewelry, luxury goods, electronics and gift cards. But that's not the end of the story. As cyber crime evolves, purloined credit card numbers are only the first part of a cycle aimed at stealing even more credit card numbers in order to buy even more pricey goods. 
  • PCC Ponders Why All Private Companies, Big and Small, Are Placed in Same Framework

    By:
    Chris Gaetano
    |
    Dec 14, 2016
    The Private Company Council (PCC), during its last meeting, wondered why it is that every private company is placed in its decision-making framework when there's a pretty big difference between, say, a small auto repair business and a billion dollar international import/export company, even though both are technically private companies. 
  • Whistleblowers Allege Wells Fargo Signed Customers Up for Insurance Without Their Consent

    By:
    Chris Gaetano
    |
    Dec 13, 2016
    As Wells Fargo tries moving on from its phantom account scandal, the bank now faces new allegations that it signed customers up for insurance products with neither their knowledge nor consent, with premium payments coming from dormant accounts. 
  • SCOTUS Punts Internet Sales Tax Dispute Back to States

    By:
    Chris Gaetano
    |
    Dec 13, 2016
    The Supreme Court of the United States declined to hear a case over whether a Colorado law requiring online retailers provide customer information to tax authorities was constitutional, booting the matter back to the states.