News

 
  • 60 Percent of CFOs Anticipate Headcount Reductions in 2020

    By:
    Chris Gaetano
    |
    Dec 12, 2019
    A recent poll has found that 60 percent of chief financial officers expect to trim staffing levels at their companies over the next year. 
  • Corporate Governance Gets a C+ Grade from Institute of Internal Auditors

    By:
    Chris Gaetano
    |
    Dec 12, 2019
    The Institute of Internal Auditors, after surveying 128 chief audit executives at public companies, graded the quality of corporate governance today at C+, which it said  reflects weaknesses over a broad range of basic corporate governance principles and suggests that many companies’ systems of corporate governance are inadequate.
  • Conference Speaker: With States Increasingly Aggressive on Revenue, Remote Workers Are an Inviting Target

    By:
    Chris Gaetano
    |
    Dec 11, 2019
    Attorney Mark S. Klein, chairman of Hodgson Russ and a speaker at the Foundation for Accounting Education's New York and Tri-State Taxation Conference on Dec. 11, said that state governments are increasingly turning to out-of-state workers as a revenue source, particularly where it concerns withholding taxes, meaning that companies must now tread lightly when it comes to their interstate activities. 
  • House Bill Would Eliminate $10,000 SALT Cap

    By:
    Chris Gaetano
    |
    Dec 11, 2019
    House Democrats have proposed a bill that would remove the $10,000 cap on state and local tax (SALT) deductions, which had previously been unlimited prior to the passage of the Tax Cuts and Jobs Act. 
  • One Year Later, Wayfair Decision Reverberates Through State Tax Codes

    By:
    Chris Gaetano
    |
    Dec 11, 2019
    It's been just 18 months since the U.S. Supreme Court ruled in Wayfair vs. South Dakota that states can hold out-of-state vendors liable for sales tax, but since then virtually every state in the country has adopted laws enabling them to do so, an extremely rapid change that has made economic activity versus physical presence the main factor in determining tax nexus, according to two speakers at the Foundation for Accounting Education's New York and Tri-State Taxation Conference on Dec. 11. 
  • Newsmaker: New Tax Commissioner Reveals His Priorities

    By:
    Chris Gaetano
    |
    Dec 10, 2019

    Michael R. Schmidt was nominated by Gov. Andrew Cuomo in January to be commissioner of the New York State Department of Taxation and Finance, and was confirmed by the state Senate in June. Prior to his current position, Schmidt served as deputy secretary for economic development, where he oversaw policy and operations for 12 state agencies and authorities.  He took the time to talk to The Trusted Professional and go over his policies and priorities. The Q&A has been edited for length and clarity.

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Press Room

  • NYSSCPA Announces Moynihan Scholarship Fund’s Excellence in Accounting Winners

    By:
    Maya Lindsay
    |
    Aug 27, 2019
    NEW YORK – (August 27, 2019) – The New York State Society of Certified Public Accountants’ (NYSSCPA) Moynihan Scholarship Fund announced the 76 New York state students receiving the Excellence in Accounting Scholarships for the 2019-2020 school year.
  • New York CPA Society Elects 2019–2020 Moynihan Scholarship Fund Board of Trustees

    By:
    Maya Lindsay
    |
    Aug 13, 2019
    NEW YORK – (August 13, 2019) – The New York State Society of Certified Public Accountants (NYSSCPA) is pleased to announce their new Moynihan Scholarship Fund Board of Trustees, a nine-member governing body, which includes positions such as president, president-elect, secretary/treasurer and trustees from each NYSSCPA region, who all began their terms of office on June 1.
  • The CPA Journal Announces Max Block Award Winners

    By:
    Maya Lindsay
    |
    Aug 1, 2019

    NEW YORK – (August 1, 2019) – The CPA Journal, published monthly by the New York State Society of CPAs (NYSSCPA), announced the winners of its Max Block Distinguished Article Awards. Chosen by the magazine’s editorial review board members, the winning authors were recognized in three categories for the most outstanding and thought-provoking articles published in 2018.

  • New York CPA Society Elects 2019–2020 Board of Directors

    By:
    Maya Lindsay
    |
    Jul 23, 2019
    NEW YORK  – (July 23, 2019) – The New York State Society of Certified Public Accountants (NYSSCPA) is pleased to announce their new Board of Directors, a 39-member governing body, which includes positions such as president, president-elect, vice presidents, secretary/treasurer, directors as chapter representatives and directors-at-large, who all began their terms of office on June 1.
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