Latest Articles

  • IRS, State Tax Dept., NYC Finance Dept. Push Back Certain Deadlines for Those Affected by Storm

    By:
    Chris Gaetano
    |
    Mar 15, 2017
    The IRS, the New York State Department of Taxation and Finance, and the New York City Finance Department have all announced that, due to the recent snowstorm, certain tax deadlines for those directly affected by the storm have been pushed back.
  • Fed Raises Interest Rate 0.25 Percent

    By:
    Chris Gaetano
    |
    Mar 15, 2017
    The Federal Reserve raised its benchmark lending rate a quarter point, the first of a projected three increases set for this year. 
  • Credit Reports to Exclude Most Tax Liens, Civil Judgments

    By:
    Chris Gaetano
    |
    Mar 13, 2017
    Starting in July, credit reports produced by the three major reporting firms (Equifax Inc., Experian PLC and TransUnion) will exclude information on most tax liens and civil judgments, boosting credit scores for potentially millions of Americans but, at the same time, increasing potential risks for lenders. 
  • Companies Offering Full Family Leave Drops 7 Percent Since 2005

    By:
    Chris Gaetano
    |
    Mar 13, 2017
    From 2005 to 2016, the percentage of companies offering full family leave policies has decreased has dropped from 17 to 10 percent, and among those that do offer it, the average maximum time off for new parents has dropped from 15.2 to 14.5 weeks. 
  • Regulatory Roundup: March 8-13

    By:
    Chris Gaetano
    |
    Mar 13, 2017
    With so many regulators out there, it can be tough to keep track of everything they say from week to week. Luckily we here at the Trusted Professional have collected relevant regulatory announcements from this past week and put them here in one place to help you stay on top of regulatory issues or matters. 
  • CBO: Republican Healthcare Plan Would Reduce Deficit $337B, Lead to 24M More Uninsured

    By:
    Chris Gaetano
    |
    Mar 13, 2017
    The Congressional Budget Office, alongside the Joint Committee on Taxation,
    released a report analyzing the costs of the Republican plan that could possibly replace the Affordable Care Act. It estimates that implementing the plan as is would reduce the deficit by $337 billion over the 2017-2026 period while, at the same time, increasing the number of uninsured people by 24 million. 
  • President's Commentary: Support the Next Generation of CPAs at the Moynihan Fund Gala, May 17

    By:
    F. Michael Zovistoski
    |
    Mar 10, 2017
    The Moynihan Fund Gala is named to honor the memory of Past President David J. Moynihan, who devoted much time and energy to expanding opportunities for students who major in accounting. The gala is an annual black tie-optional fund-raiser that supports the Society’s Excellence in Accounting Scholarships and its Career Opportunities in the Accounting Profession (COAP) program, while also providing a fine dining and entertainment experience for a broader group of Society members and the general public. This year, the Moynihan Fund Gala will take place from 5–9 p.m., on Wednesday, May 17. It will be held at The Lighthouse at Chelsea Piers, a stunning event space along the Hudson River in midtown Manhattan. I hope that many of you are making plans to attend the Gala, which promises to be an exciting evening for celebrating the profession and reconnecting with other NYSSCPA members.



  • SEC Charges Marijuana Consulting Company for Phony Revenues from Sham Transactions

    By:
    Chris Gaetano
    |
    Mar 10, 2017
    The Securities and Exchange Commission has charged Medbox, a California-based marijuana consulting company, with falsely touting "record" revenues to investors that, in truth, were mostly bogus. 
  • Security Experts Warn of Gmail Scam That Fools Even Savvy Users

    By:
    Chris Gaetano
    |
    Mar 10, 2017
    Security experts are sounding the alarm of a new scam working its way through Gmail that, unlike its poorly-spelled and shoddily crafted contemporaries, has been able to fool even savvy users. 
  • PwC, MF Global Bankruptcy Admins Point Fingers At Each Other in Firm's Collapse

    By:
    Chris Gaetano
    |
    Mar 9, 2017
    Administrators overseeing the bankruptcy proceedings of failed investment firm MF Global are squaring off in court against Big Four firm PwC in a $3 billion trial over who was to blame for the spectacular collapse of investment firm MF Global, which had been led by former NJ Governor Jon Corzine.