The Daily

News and daily posts about CPAs, the accounting and financial industries, and more.

  • NEWS HIGHLIGHTS FOR TUESDAY - 5.24.16

    By:
    Maya Lindsay
    |
    May 24, 2016

    NYSSCPA Members in the News

    Buffalo Chapter Education Night Dinner
    Honor Roll (May 22): Recognizing accomplishments of WNYers
    The Buffalo News
    The Buffalo Chapter of the New York State Society of Certified Public Accountants recently held its annual Education Night Dinner honoring the outstanding junior, senior and graduate students at Western New York colleges and universities. Four D’Youville College accounting students were among those being honored for their academic accomplishments at the event.

  • NEWS HIGHLIGHTS FOR MONDAY - 5.23.16

    By:
    Maya Lindsay
    |
    May 23, 2016

    NYSSCPA Members in the News

    Dionne Warwick Serenades New York CPA
    Accounting Today
    Chart-topping singer Dionne Warwick sang for the New York State Society of CPAs at the NYSSCPA Foundation for Accounting Education’s annual gala Thursday evening, raising funds for young students interested in entering the accounting field. The gala raised funds in support of the NYSSCPA’s Career Opportunities in the Accounting Profession (COAP) program, a college readiness program that helps students of color enter the accounting profession, where they have been historically underrepresented.

  • NEWS HIGHLIGHTS FOR MONDAY - 5.16.16

    By:
    Maya Lindsay
    |
    May 16, 2016

    NYSSCPA Members in the News

    Jamie Block (Rochester)
    Long-term disability insurance
    WROC Rochester First
    CPA Jamie Block discussed the benefits of having long-term care disability insurance Monday on News 8 at Sunrise. Block said while other forms of insurance are required by law, such as car and homeowners insurance, long-term disability insurance is voluntary.

  • NEWS HIGHLIGHTS FOR FRIDAY - 5.13.16

    By:
    Maya Lindsay
    |
    May 13, 2016

    Accounting and Financial News Stories

    Jobs, Inflation, Wages: Good for the Economy, Bad for Stocks
    Wall Street Journal
    The Federal Reserve appears to finally be getting what it wants. The market might not be so happy about that. Steady job gains? Check. Rising wages? Positive signs are indeed emerging. A pickup in inflation? Pressure is mounting.

  • NEWS HIGHLIGHTS FOR WEDNESDAY - 5.11.16

    By:
    Maya Lindsay
    |
    May 11, 2016
    Accounting and Financial News

    FASB Tweaks Revenue Recognition Standard
    Accounting Today
    The Financial Accounting Standards Board has released a new accounting standards update providing “narrow-scope improvements and practical expedients” for the revenue recognition standard that it converged with the International Accounting Standards Board. The improvements stem from the work of a joint Transition Resource Group that FASB and the IASB established after they released the long-awaited standard in mid-2014.

  • NEWS HIGHLIGHTS FOR TUESDAY - 5.10.16

    By:
    Maya Lindsay
    |
    May 10, 2016
    Accounting and Finance News

    FAF Updates FASB and GASB Codification Print Editions
    Accounting Today
    The Financial Accounting Foundation has published updated print editions of the Financial Accounting Standards Board’s FASB Accounting Standards Codification and the Governmental Accounting Standards Board’s Codification of Governmental Accounting and Financial Reporting Standards. The FASB Codification provides an authoritative source of U.S. GAAP for public and private companies and not-for-profit organizations.

  • NEWS HIGHLIGHTS FOR MONDAY - 5.9.16

    By:
    Maya Lindsay
    |
    May 9, 2016

    NYSSCPA Members in the News

    Matt Bryant (Rochester)
    What to get the graduate: Financial gifts for the next step
    WROC Rochester News 8
    Allison Warren sat down and spoke with Matt Bryant, the President of the Rochester Chapter of the New York Society of Certified Public Accountants. Matt suggests that college graduates prepare to live off a budget and save for retirement. Some gifts to help with that include buying them stocks and investing in an IRA for them. Bryant says it's never to early to begin saving for the future.

  • Oil Investor Accused of $45 Million Worth of Tax Evasion

    By:
    Chris Gaetano
    |
    May 24, 2016
    A wealthy oil investor, Morris Zuckerman, has been accused of evading $45 million worth of taxes. 
  • IRS Head John Koskinen Won't Show Up to Impeachment Hearing, Sends Statement Instead

    By:
    Chris Gaetano
    |
    May 24, 2016
    IRS Commissioner John Koskinen will skip today's hearing before the House Judiciary Committee where lawmakers will lay out the case for impeaching him over failure to preserve documents related to the IRS tea party scandal.
  • On Smart Drugs and the Corporate Environment

    By:
    Chris Gaetano
    |
    May 23, 2016
    An article in the Harvard Business Review says that the use of cognitive enhancers like Ritalin, Adderall and Modafinil is on the rise in workplaces, leading to questions of how employers should react.