Latest Articles

  • Regulatory Roundup: May 3-May 9

    By:
    Chris Gaetano
    |
    May 9, 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.
  • Study: "Workplace Vigilantes" No Stranger to Office

    By:
    Chris Gaetano
    |
    May 8, 2017
    Ever meet someone who takes it upon themselves to enforce office policy, even though that's not at all their job? The type of person who, despite not being your manager, pillories you for coming into work two minutes late? Or leaving stuff in the fridge for too long? Or not wearing a tie? And then taxes management's attention by reporting it? You could be dealing with a workplace vigilante, a type of person that, according to a recent study, more than half of people have encountered at one point or another. 
  • NYS State Senators Propose Bill to Release Trump Tax Returns

    By:
    Chris Gaetano
    |
    May 8, 2017
    Democratic state senators in Albany have introduced a bill that, if passed, would require that the state-level tax returns of anyone elected to federal or state office in a statewide election, including the president and vice president, be posted online. 
  • House Republicans Pass Healthcare Measure, Bill Moves to Senate

    By:
    Chris Gaetano
    |
    May 5, 2017
    House Republicans have, after weeks of acrimonious bargaining, passed a bill that would repeal and replace the Affordable Care Act. 
  • One Accountant's Obsession with BMWs Cost Him His Family, His Freedom, and His CPA License

    By:
    Chris Gaetano
    |
    May 4, 2017
    Car blog Jalopnik tells the tale of a Colorado accountant who, over many years, embezzled almost half a million dollars from his employer in order to feed his addiction for BMWs: before going to jail, he had exactly 50 of them, stashed in locations around town so his wife wouldn't find out just how deep his obsession went. 
  • House Approves Measure Allowing Vacation Time in Lieu of Overtime Pay

    By:
    Chris Gaetano
    |
    May 4, 2017
    Right now if you work overtime, you get time and a half pay. But the House of Representatives recently approved a measure that, if signed into law, would give employers the choice of offering vacation time instead. 
  • One Settlement in Ongoing Legal Battle over Andersen Name

    By:
    Chris Gaetano
    |
    May 3, 2017

    Fifteen years after the collapse of Arthur Andersen, two firms are now battling in court over which is the true heir to its brand name, despite its associations with the Enron scandal, one of the largest accounting frauds of all time. However, on April 19, Andersen Tax announced that a settlement had been reached with MoHala Enterprises, which was running French firm Andersen International's U.S. offices. Litigation against other firms affiliated with the French firm over the name is ongoing.

     

  • Jay Clayton Approved as New SEC Chair

    By:
    Chris Gaetano
    |
    May 3, 2017
    The Senate approved corporate attorney Jay Clayton last night as the new chair of the Securities and Exchange Commission. 
  • SEC Settles With Korean Semiconductor Company Over Accounting Fraud Charges

    By:
    Chris Gaetano
    |
    May 3, 2017
    The Securities and Exchange Commission has agreed to a settlement with South Korean semiconductor company over charges that it overstated revenues for two years in a row to meet high-pressure sales targets. 
  • 15 Years After Enron, Arthur Andersen Brand Resurges

    By:
    Chris Gaetano
    |
    May 2, 2017

    Given the Arthur Andersen brand’s association with a major accounting fraud, one might think the name would have too much baggage to be something a company would want to take on, let alone fight for in court. And for a while, it was, according to Mark L. Vorsatz, CEO of Andersen Tax and an alumnus of the original Arthur Andersen firm.