Latest Articles

  • House Bill Would Clarify Online Sales Tax Requirements

    By:
    Chris Gaetano
    |
    Sep 18, 2018
    A recently introduced House bill would, if implemented, prevent state governments from collecting sales tax from most out-of-state sellers until such a time as a compact regarding treatment of online sales is developed by the states and approved by Congress. 
  • Securities Industry Profits in NYC Grew By 42 Percent Last Year

    By:
    Chris Gaetano
    |
    Sep 18, 2018
    A recent report from State Comptroller Thomas DiNapoli said that pretax profits in the New York City securities industry grew 42 percent in a year, and that the momentum has carried into this year, with an 11 percent growth in just the first half of 2018. 
  • Regulatory Roundup: Sept. 12-18

    By:
    Chris Gaetano
    |
    Sep 18, 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.

  • Study: While Women Enter Big Four in Large Numbers, Few Ever Lead Audits of Large Firms

    By:
    Chris Gaetano
    |
    Sep 17, 2018
    A recent study has found that women in the Big Four rarely lead audits of large corporate entities, despite making up about 51 percent of all accounting staff throughout the industry. 
  • Former PCAOB Chief Auditor Martin Baumann Appointed as New Chair of IAASB

    By:
    Chris Gaetano
    |
    Sep 17, 2018
    Martin Baumann, the former chief auditor for the Public Company Accounting Oversight Board (PCAOB), has been appointed to lead the International Auditing and Insurance Standards Board (IAASB), which sets international standards for auditing, assurance, and other related areas. 
  • House Ways and Means Committee Advances Tax Reform 2.0 Legislation

    By:
    Chris Gaetano
    |
    Sep 14, 2018
    Just three days after being introduced, Republicans on the House Ways and Means Committee approved the package of bills colloquially called Tax Reform 2.0 through a party-line vote. 
  • Study: On Corporate Earnings Calls, 92 Percent of Voices are Men

    By:
    Chris Gaetano
    |
    Sep 14, 2018
    A study conducted by Bloomberg has found that, over 155,000 corporate conference calls conducted over 19 years, men spoke 92 percent of the time. 
  • Charles Rettig Confirmed as New IRS Commissioner

    By:
    Chris Gaetano
    |
    Sep 13, 2018
    With a vote of 64 to 33, the Senate voted to confirm Charles Rettig, a Beverly Hills tax attorney, as the new head of the IRS. 
  • J.P. Morgan Analysts Predict Next Financial Downturn to Arrive in 2020

    By:
    Chris Gaetano
    |
    Sep 13, 2018
    J.P. Morgan analysts, using complicated economic models, predict that the next financial downturn will occur some time in the year 2020. 
  • TIGTA: IRS Private Debt Collection Program Not Losing Money, but Not Making Much Either

    By:
    Chris Gaetano
    |
    Sep 12, 2018
    The Treasury Inspector General for Tax Administration (TIGTA) has issued a report finding that, on the one hand, the IRS's private debt collection program is not losing money, as it had in the past. On the other, though, the report said that the program hasn't really generated all that much revenue, having collected about 1 percent of the $4 billion in delinquent taxes it was charged with collecting. TIGTA also criticized the program for its effects on tax compliance.