The Daily

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

  • On Hold with the IRS? New Service Will Do the Waiting for You

    By:
    Chris Gaetano
    |
    Feb 5, 2016
    Waiting on hold with the the government can be stressful. But at least one service, enQ, is marketed to people dealing with the glacial slowness of government bureaucracy, specifically the IRS and Social Security Administration. 
  • GAO: CFTC Violated Accounting Rules

    By:
    Chris Gaetano
    |
    Feb 5, 2016
    The Government Accountability Office (GAO) said in a legal decision that the Commodity Futures Trading Commission (CFTC) violated accounting rules, confirming what Big Four firm KPMG said last month when it withdrew seven years' worth of audit opinions. 
  • IRS E-File Service Back Up

    By:
    Chris Gaetano
    |
    Feb 5, 2016
    The IRS has announced that yesterday's computer outage has now been fixed, and e-filing services have resumed. The IRS emphasized that taxpayers do not need to take any additional actions due the outage, including those who filed right before the disruption. 
  • NEWS HIGHLIGHTS FOR FRIDAY - 2.5.16

    By:
    Maya Lindsay
    |
    Feb 5, 2016
    Good morning,

    Happy Friday! Before you enjoy your weekend, take a look at the latest accounting and financial news stories that have been published.


    Best,

    Maya

  • FASB Lays Out 2016 Research Priorities

    By:
    Chris Gaetano
    |
    Feb 4, 2016
    The Financial Accounting Standards Board (FASB) on Wednesday laid out its top areas of concern for the coming year, according to a FASB media advisory. 
     
  • IRS Computer Outage Halts Electronic Filing

    By:
    Chris Gaetano
    |
    Feb 4, 2016
    A hardware failure on Wednesday disabled the IRS's electronic filing system only 24 days into the filing season, as well as other related systems on the service's network.
  • NEWS HIGHLIGHTS FOR 2.4.16

    By:
    Maya Lindsay
    |
    Feb 4, 2016

    Good morning,


    Check out the latest news highlights featuring insight from our NYSSCPA members as well as other accounting and financial news stories.

    Best,

    Maya

  • NASBA/AICPA Release Revised Proposal on CPE Standards

    By:
    Chris Gaetano
    |
    Feb 3, 2016
    The National Association of State Boards of Accountancy and the AICPA have released their revised proposal on proposed changes to continuing professional education standards. 
  • PwC Crew Hired for Zoo Review

    By:
    Chris Gaetano
    |
    Feb 3, 2016
    Big Four firm PricewaterhouseCoopers is heading to the zoo, not to feed the goats but to figure out what processes broke down that allowed a worker to enter a Sumatran tiger enclosure and fall victim to a fatal attack by the animal. 
  • Corporate Tax Forms for NYC, NYS Missing in Action; Snarls Filing Process

    By:
    Chris Gaetano
    |
    Feb 2, 2016

    Delays in corporate filings for both New York City and New York state persist as the required forms and guidelines remain incomplete and unavailable only weeks away from the March 15 deadline.  

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