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News

The Daily

  • Swedish Government Study on Six-Hour Workday Shows Promise

    By:
    Chris Gaetano
    |
    May 10, 2016
    A Swedish government study has found that workers, when given a six-hour workday at an eight-hour wage, become more productive and take less time off. 

  • PCAOB May Shift Inspections Focus

    By:
    Chris Gaetano
    |
    May 6, 2016
    The Public Company Oversight Accounting Board (PCAOB) may change what it focuses on during inspections, according to recent comments from board member Jeanette Franzel. 

  • NYC Taxpayer Advocate Diana Leyden to Leave Position

    By:
    Chris Gaetano
    |
    May 6, 2016
    The New York City Department of Finance has confirmed that NYC Taxpayer Advocate Diana Leyden will be leaving her position to become a U.S. Tax Court judge. 

  • NEWS HIGHLIGHTS FOR THURSDAY - 5.5.16

    By:
    Maya Lindsay
    |
    May 5, 2016

    NYSSCPA Members in the News

    Dionne Warwick to Sing for New York CPAs
    Accounting Today
    Legendary singer Dionne Warwick is slated to headline a gala for the New York State Society of CPAs’ Foundation for Accounting Education. Warwick will be taking the stage on May 19 as the NYSSCPA inducts a new president at its annual banquet and awards ceremony.

  • NEWS HIGHLIGHTS FOR WEDNESDAY - 5.4.16

    By:
    Maya Lindsay
    |
    May 4, 2016

    Accounting and Financial News Stories

    Whitepaper Explores New Technologies and Expanding Role of Accountants
    CPA Practice Advisor
    CPAs are on the front lines with clients every day. As a CPA, we see our clients’ struggles, their wins, their vulnerabilities, and their strengths. Our relationship is critical, and it is very important for us to be seen as their number one trusted advisor. To do so, it’s critical for us to know about all the new ways our small business customers can increase their cash flow. Increased cash flow means a better managed business – and of course, technology is at the helm of these solutions.

  • IRS: Partners Are Not Employees

    By:
    Chris Gaetano
    |
    May 4, 2016
    The IRS has issued new rules that, among other things, clarify that partners should not be counted as employees, at least as far as self-employment tax goes. 

  • When is a Personal Day Not a Personal Day?

    By:
    Chris Gaetano
    |
    May 4, 2016
    When it's a "Yay Day" or an "InDay" or a "Ferris Bueller Day" or any of the other terms some companies have been using to rebrand time off. 

  • Sheldon Silver Sentenced to 12 Years in Political Corruption Case

    By:
    Chris Gaetano
    |
    May 3, 2016
    Former New York State Assembly Speaker Sheldon Silver has been sentenced to 12 years in prison for fraud and extortion. 

  • Doubts Emerge on Man Claiming to be Bitcoin Creator

    By:
    Chris Gaetano
    |
    May 3, 2016
    Craig Wright, the Australian computer scientist who recently said he is the inventor of the digital currency Bitcoin, has come under fire as evidence offered in support of his claims has come under doubt. 

  • DOL Set to Release New Overtime Rules

    By:
    Chris Gaetano
    |
    May 3, 2016
    New Department of Labor regulations that will expand who is eligible for overtime are set to be released later this month. 

  • NEWS HIGHLIGHTS FOR TUESDAY - 5.3.16

    By:
    Maya Lindsay
    |
    May 3, 2016

    Accounting and Financial News Stories

    CPA.com, Confirmation.com Launch RIVIO Clearinghouse
    Accounting Today
    CPA.com and Confirmation.com have launched RIVIO Clearinghouse, a secure, cloud-based platform for the exchange of CPA source-validated financial documents. RIVIO—an acronym for Repository of Intelligent Validated Inputs and Outputs—was built for private companies, which lack a central repository for financial information like the Securities and Exchange Commission’s EDGAR system for public companies.

  • NEWS HIGHLIGHTS FOR MONDAY - 5.2.16

    By:
    Maya Lindsay
    |
    May 2, 2016

    NYSSCPA Members in the News

    NYSSCPA COAP Program
    Career opportunities in accounting
    WROC Rochester First
    CPA Scott Adair discussed the New York State Society of CPAs Career Opportunities in the Accounting Profession (COAP) program Monday on News 8 at Sunrise. For the last 30 years, the NYSSCPA has operated the free, three to five day college exploration summer program which introduces youth - specifically those in groups historically underrepresented in the accounting profession - to the possibilities of becoming a CPA.

  • Australian Computer Scientist Claims He Invented Bitcoin

    By:
    Chris Gaetano
    |
    May 2, 2016
    Craig Wright, a computer scientist from Australia, has come forward and said he is the man who created Bitcoin, the digital currency, though there is some doubt as to his claims. 

  • SEC Faults Firm for Procedures That Failed to Catch Fraud

    By:
    Chris Gaetano
    |
    May 2, 2016
    The Securities and Exchange Commission has charged an accounting firm for insufficient surprise inspections that failed to catch fraud undertaken by an investment adviser. 

  • More Than a Third of Newlyweds Know Nothing of Spouse's Spending Habits

    By:
    Chris Gaetano
    |
    May 2, 2016
    A recent survey from Experian has found that more than one third of newlyweds are unaware of their partner's spending habits, while another third were surprised by their spouse's financial situation. 

  • SEC Proposes Consolidated Audit Trail (CAT) for All Equities and Options

    By:
    Chris Gaetano
    |
    Apr 28, 2016
    The Securities and Exchange Commission wants to make every single purchase of all equities and options in the U.S. auditable. 

  • Report: Corporate Leaders Need Better Decision-Making Processes

    By:
    Chris Gaetano
    |
    Apr 28, 2016
    A joint report from the AICPA and the Chartered Institute of Management Accountants says that corporate leaders need better decision-making tools better adapted to the 21st century. 

  • Will There Ever Be an Uber for Accountants?

    By:
    Chris Gaetano
    |
    Apr 27, 2016
    Going Concern has an interesting analysis of the Uber model and whether it can be applied to the accounting profession. 

  • IRS Will Inform Victims of Employment-related Identity Theft

    By:
    Chris Gaetano
    |
    Apr 27, 2016
    The IRS, at the urging of Congress, will begin informing victims of employment-related identity theft when they detect their information being used to secure a W-2. 

  • New Research Shows Shakespeare Evaded Taxes, Hoarded Grain

    By:
    Chris Gaetano
    |
    Apr 26, 2016
    William Shakespeare is best known today for his famous plays, but his Elizabethan contemporaries also knew him as a tax evader who sold grain at inflated prices when supplies became short. 
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