Latest Articles

  • Investors Want to Know More About Employees

    By:
    Chris Gaetano
    |
    Jul 21, 2017
    A group of investors, the Human Capital Management Coalition, has petitioned the Securities and Exchange Commission to require that companies disclose more information about their workforce. 
  • House Democrats Call on FASB to Require Country-by-Country Profit and Tax Disclosures

    By:
    Chris Gaetano
    |
    Jul 20, 2017
    House Democrats, in a letter recently sent to FASB Chair Russell Golden, asked that the board require that multinational companies to report more information on a country-by-country basis as part of an effort to combat offshore profit shifting. 
  • CBO Estimates 32 Million to Lose Coverage in Obamacare Repeal

    By:
    Chris Gaetano
    |
    Jul 20, 2017
    The Congressional Budget Office, working with the staff of the Joint Committee on Taxation, estimates that repealing the Affordable Care Act will result in 32 million people losing their insurance coverage. 
  • IRS e-File Services to Be Down for Maintenance

    By:
    Chris Gaetano
    |
    Jul 19, 2017
    If you need to file something with the IRS, be sure not to do it on either July 22 or after Aug. 5, because people will not be able to use e-File on those dates due to maintenance. 
  • NYSE Head Urges Rollback of SOX Provisions

    By:
    Chris Gaetano
    |
    Jul 19, 2017
    The head of the New York Stock Exchange, alongside other prominent Wall Street officials, urged Congress to ease up on the many mandatory reporting requirements public companies face, such as the internal control rule implemented as part of the Sarbanes-Oxley Act. 
  • Martin Shkreli's Accountant Describes Working for Client from Hell

    By:
    Chris Gaetano
    |
    Jul 18, 2017
    Controversial pharmaceutical executive Martin Shkreli, known for a number of wildly unpopular acts such as dramatically raising the price of a life-saving medication, was also a terrible client, according to court testimony from his former accountant. 

  • Proposed Bill Would Let Same-Sex Couples File Amended Returns for Years They Couldn't Jointly File

    By:
    Chris Gaetano
    |
    Jul 18, 2017
    Democrats in both the House and Senate have proposed a bill that, if passed, would allow same-sex couples to file amended returns for the years that the federal government did not recognize their union and forced them to file individually instead. 
  • Regulatory Roundup: July 12-18

    By:
    Chris Gaetano
    |
    Jul 18, 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.
  • Bill Would Make Hearings Before IRS Office of Appeals a Taxpayer Right

    By:
    Chris Gaetano
    |
    Jul 17, 2017
    A bi-partisan bill introduced in the House, if passed, would make having a hearing before the IRS Office of Appeals a right available to virtually all taxpayers.
  • TIGTA: IRS Must Keep Better Track of Its Records

    By:
    Chris Gaetano
    |
    Jul 17, 2017
    The Treasury Inspector General for Tax Administration (TIGTA) said in a recent report that that IRS policies do not comply with federal record retention requirements, which has resulted in some documents being lost or destroyed when they should have been archived for future use.