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The Daily
Accounting and Financial News Stories Push on to allow non-CPAs to take top accounting jobs Albany Times Union After failing to pass muster as part of the state budget deal, a new press is on to score state legislative approval of a bill that would allow non-certified public accountants to make partner — and reap the benefits of such a position — at accounting firms.
Accounting and Financial News Stories Bitcoin Technology’s Next Big Test: Trillion-Dollar Repo Market Wall Street Journal Depository Trust & Clearing Corp., a firm at the center of Wall Street’s trading infrastructure, is about to give the technology behind bitcoin a big test: seeing whether it can be used to bolster the $2.6 trillion repo market. DTCC said in a statement Tuesday that it will begin testing an application of blockchain, the digital ledger originally used to track ownership and payments of the cryptocurrency bitcoin, to help smooth over problems in the crucial but increasingly illiquid corner of short-term lending markets known as repurchase agreements, or “repos.”
NYSSCPA Members in the News Anthony Mangiameli (Rochester) What to do if you owe taxes WROC Rochester First CPA Anthony Mangiameli of Insero & Company discussed your options if you owe money to the government after filing your income tax return Monday on News 8 at Sunrise. Mangiameli said the best advice is to file on time and pay as much as as possible to avoid a late filing penalty. You can pay by phone, online, check or money order. If you don't have any cash, you can get a loan or use a credit card to pay for your taxes.
Accounting and Financial News Stories Popular IRS Charitable Tax Break Can Be Valuable—for Those Who Know How to Use It Wall Street Journal A popular tax break that died at the end of 2014 has returned from the dead. That’s welcome news for many older people thinking about making gifts to their favorite charities directly from their individual retirement accounts. It’s joyous news for many charities, too. But, as with too many of our nation’s tax laws, this seemingly simple break can be tricky, as readers have pointed out with several excellent questions.
NYSSCPA Members in the News Michael Marcus, Glenn Noakes, Tracey Niemotko, James Passikoff (Mid-Hudson) Steve Shinder (Rockland) Dial-A-CPA night answers your tax questions Poughkeepsie Journal Area CPAs answered some taxing questions as they helped callers navigate their annual income tax forms Wednesday night. Questions on the annual Dial-A-CPA night ranged from deducting medical expenses and retirement contributions to whether taxpayers qualify for exemptions under the guidelines of the Affordable Care Act.
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