• Newsmaker: NYC Taxpayer Advocate Helps New Yorkers Resolve Their Property and Business Tax Issues

    By:
    Chris Gaetano
    |
    Jun 20, 2017
    Eunkyong Choi was appointed to the New York City Office of the Taxpayer Advocate last June, becoming the second person to hold this position. An attorney who specialized in tax controversies, she has extensive experience working with and advocating for low-income taxpayers and immigrant communities. She sat down with The Trusted Professional to talk a little bit about her background, her priorities and what the taxpayer advocate can do for the people and businesses of New York.
  • Senate Plans Vote on Healthcare Bill Next Week

    By:
    Chris Gaetano
    |
    Jun 20, 2017
    Senate Republicans plan to hold a vote on their version of the American Health Care Act next week, with party leaders seeking a quick legislative victory before July 4th. 
  • Female Representation on Corporate Boards Slips for First Time in Eight Years

    By:
    Chris Gaetano
    |
    Jun 20, 2017
    Despite steady growth since 2009, the number of women on corporate boards has slipped for the first time in eight years, going from 30 percent in 2015 to 28 percent in 2015. 
  • Regulatory Roundup: June 14 to 20

    By:
    Chris Gaetano
    |
    Jun 20, 2017
    ​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.
  • Leak Exposes Personal Information, Political Stances of Nearly 200 Million Registered Voters

    By:
    Chris Gaetano
    |
    Jun 19, 2017
    In one of the largest data breaches of its kind, the personal information of nearly 200 million registered voters―including date of birth, home and mailing addresses, phone number, registered party, self-reported racial demographic and more―was leaked by a firm working on behalf of the Republican National Committee.
  • 34 Percent Have No Savings at All

    By:
    Chris Gaetano
    |
    Jun 19, 2017
    More than a third of Americans live entirely from paycheck to paycheck with no savings at all, 34 percent, according to a recent survey. 
  • Films 'Dumb and Dumber To' and 'Daddy's Home' Financed With Stolen Cash, Feds Say

    By:
    Chris Gaetano
    |
    Jun 16, 2017
    The federal government has claimed the movies "Dumb and Dumber To" and "Daddy's Home" were financed with illicit cash stolen from a Malaysian bank, and wants to seize the movie rights, including any profits, from the films, on top of those from "The Wolf of Wall Street," which had already been named as being financed from the same heist. 
  • New IRS Scam References Bogus Certified Letters to Intimidate Victims

    By:
    Chris Gaetano
    |
    Jun 16, 2017
    The IRS has warned people to be on alert for a new variation on a classic phone scam, where the fraudster will make up claims that certified letters had been sent to the victim unanswered. 
  • Wells Fargo Subject of Another Scandal, Accused of Manipulating Loan Terms

    By:
    Chris Gaetano
    |
    Jun 15, 2017
    Troubled bank Wells Fargo, still reeling from revelations that it signed millions of people up for accounts they never asked for, is at the center of another scandal, as a class action lawsuit has accused the company of making loan modifications without the borrower's knowledge or consent. 
  • Employers Offering Summer Fridays Doubled from 2015

    By:
    Chris Gaetano
    |
    Jun 15, 2017
    Whether leaving early or just taking the day off entirely, the number of employers offering some sort of summer Friday policy has jumped in recent years, going from 21 percent in 2015 to 42 percent in 2017. 
  • KPMG Settles Hiring Discrimination Suit

    By:
    Chris Gaetano
    |
    Jun 14, 2017
    Big Four firm KPMG has settled a suit with the U.S. Department of Labor over claims that it against 60 Asian candidates applying for associate auditor jobs at its Short Hills, NJ office. 
  • IRS Unveils New Features for Online Tools

    By:
    Chris Gaetano
    |
    Jun 14, 2017
    The IRS has rolled out new features for its online accounts since it first launched the service this past December. 

  • Marijuana Industry Embraces Bitcoin as Workaround to Banking Problems

    By:
    Chris Gaetano
    |
    Jun 13, 2017
    The multi-billion dollar legal marijuana industry is increasingly turning to the digital currency Bitcoin as a way to access financial services from which they'd previously been barred. 
  • Accounting Fraud at Fujifilm $140 Million Bigger Than Initially Thought,

    By:
    Chris Gaetano
    |
    Jun 13, 2017
    Japanese firm Fujifilm Holdings Corp said that a third party investigation found even more accounting fraud than was originally reported in April, ballooning its expected $199,976,480 adjustment to $340,962,000. 

  • Regulatory Roundup: June 7-13

    By:
    Chris Gaetano
    |
    Jun 13, 2017
    ​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.
     
  • Speaker: Audit Interviews Cannot Be Mere Formality

    By:
    Chris Gaetano
    |
    Jun 13, 2017
    Salvatore A. Collemi, a CPA with extensive audit experience, said that auditors need to strengthen their soft skills, particularly when it comes to conducting interviews during the audit. 
  • SEC Appoints Two-Person Team to Head Enforcement Division

    By:
    Chris Gaetano
    |
    Jun 12, 2017
    Stephanie Avakian and Steven Peikin have been named as the co-heads of the SEC's Division of Enforcement. 
  • How to Get Your LinkedIn Profile Ignored by Recruiters

    By:
    Chris Gaetano
    |
    Jun 12, 2017
    Professional recruiters spend a lot of time reading through profiles on LinkedIn. In a recent article in FastCompany, some of them discuss the biggest mistakes they see in how people construct these profiles. 
  • House Passes Dodd-Frank Rollback

    By:
    Chris Gaetano
    |
    Jun 9, 2017
    The House of Representatives passed a bill that, if implemented, would roll back certain key provisions of the Dodd-Frank Act. 
  • Speaker: Local Govts. Challenged by Sluggish Property Tax Revenue Growth

    By:
    Chris Gaetano
    |
    Jun 9, 2017
    Six years after the establishment of the property tax cap in New York state, local government entities struggle with finding adequate revenues at a time of increasingly uncertain federal and state aid levels. 

Click here to see more of the latest news from the NYSSCPA.