News

 
  • President Proposes New Tax Cut, But With Few Details

    By:
    Chris Gaetano
    |
    Oct 23, 2018
    The president has declared that he and Republican lawmakers are working on a large tax cut that is meant to primarily benefit the middle class, according to Politco, though there are few details about the specifics so far. 
  • Study Says New Minimum Wage Did Not Destroy Seattle Economy

    By:
    Chris Gaetano
    |
    Oct 23, 2018
    A recent economic study from the University of Washington has found that, so far, the new minimum wage on Seattle has led to workers earning more money even with fewer hours. 
  • Regulatory Roundup: Oct. 17-23

    By:
    Chris Gaetano
    |
    Oct 23, 2018

    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.

  • FICO Scoring System to Get an Upgrade Next Year, in Move to Boost Loan Approvals

    By:
    Chris Gaetano
    |
    Oct 22, 2018
    The traditional FICO scoring system is going to get a makeover next year, as the Fair Isaac Corp., which calculates the hallowed credit score for consumers, announced plans to introduce the UltraFICO in 2019, which is meant to account for a wider variety of financial activity. 
  • Prosecutors Face Dilemma Over Fraud Charges in Case Where No One Lost Money

    By:
    Chris Gaetano
    |
    Oct 22, 2018
    A case involving allegations of forged documents from a fictitious accountants might seem like a clear instance of fraud, but the New York Times notes that prosecutors will find it challenging to convince a jury that a wrong was committed, as no one actually lost any money. 
  • Federal Court Fines Bitcoin Ponzi Schemer $2.5 Million

    By:
    Chris Gaetano
    |
    Oct 19, 2018
    A federal judge has ordered New York-based company Gelfman Blueprint, Inc. (GBI) and its, CEO Nicholas Gelfman, to pay more than $2.5 million for running a bitcoin-based Ponzi scheme, in a matter which was filed by the Commodity Futures Trading Commission (CFTC).
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Press Room

  • Jan C. Herringer Elected President of NY’s Largest CPA Group

    By:
    Maya Lindsay
    |
    Jun 14, 2018
    NEW YORK – (June 14, 2018) – Jan C. Herringer, CPA, partner at BDO USA, LLP, one of the largest accounting and advisory firms, began her one-year term as president of the New York State Society of CPAs (NYSSCPA) on June 1.
  • NYSSCPA Announces Winners of 2018 Excellence in Financial Journalism Awards

    By:
    Maya Lindsay
    |
    May 17, 2018

    NYSSCPA Announces Winners of 2018 Excellence in Financial Journalism Awards

    NEW YORK — (May 17, 2018) — The New York State Society of Certified Public Accountants (NYSSCPA) is pleased to announce the winners of its 2018 Excellence in Financial Journalism Awards (EFJs).

    This award recognizes reporters from the national and local press whose work was published, posted or broadcast in 2017, contributed to a better and balanced understanding of business or financial topics. Winners were selected by a panel of judges comprised of NYSSCPA members and financial journalists, who ranked submissions on accuracy, quality and thoroughness of research as well as a fair and balanced representation of the topic. This year’s winners will be honored during a luncheon ceremony on June 8 at The Tribeca Grill in New York City.


  • Enter the 2018 Excellence in Financial Journalism Awards!

    By:
    Maya Lindsay
    |
    Feb 1, 2018

    NEW YORK – (Feb. 1 2018) – It’s about that time again! The Excellence in Financial Journalism Awards (EFJ) — honoring the best in business news journalism — is calling for submissions. Broadcast, print, radio and online news organizations and reporters can submit financial news stories that were published, posted or aired between Jan. 1 and Dec. 31, 2017. Business book authors and publishers can also enter this nationwide contest.

  • NYSSCPA's Trump Tax Reform Team of Accounting Experts Available for Interviews

    By:
    Maya Lindsay
    |
    Nov 2, 2017

    NEW YORK – (Nov. 2, 2017) – The U.S. House of Representatives released today its long-awaited tax reform bill, which includes major tax cuts, a new corporate tax rate, new tax brackets, and a deal on the state and local tax (SALT) deduction.

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