• Regulatory Roundup Nov. 1–7

    By:
    Ruth Singleton and Zach Simeone
    |
    Nov 7, 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.
  • Survey Finds Wealth Gap Widened Since 2013

    By:
    Chris Gaetano
    |
    Nov 6, 2017
    The result of a recent survey conducted by the Federal Reserve has found that the gulf between the wealthy and everyone else has widened even further since 2013, the last time the poll was taken. 
  • "Paradise Papers" Leak Shows Dense Network of Offshore Tax Shelters Servicing Political, Economic Elite

    By:
    Chris Gaetano
    |
    Nov 6, 2017
    The 13.4 million leaked documents known as the "Paradise Papers" lays bare a dense network of offshore shell companies linked to over 120 prominent political figures as well as some of the world's largest companies, which concealed assets from tax authorities and the general public as a whole.
  • Society Awards: Call for Nominations

    By:
    Nereida Gomez
    |
    Nov 3, 2017
    Certified public accountants throughout New York state give generously of their free time to better their profession and to assist with community causes and projects in the public interest. The NYSSCPA recognizes these volunteer and professional commitments through an awards program designed to highlight outstanding service and to recognize professional development.
  • Yellen Out as Fed Chair, Trump Nominates Jerome Powell as Replacement

    By:
    Chris Gaetano
    |
    Nov 3, 2017
    Donald Trump has declined to re-nominate current chair of the Federal Reserve Janet Yellen, deciding instead to nominate Federal Reserve Governor Jerome Powell as a replacement. 
  • PCAOB Establishes Cooperative Agreement with Irish Regulators

    By:
    Chris Gaetano
    |
    Nov 3, 2017
    The Public Company Accounting Oversight Board (PCAOB) has announced a new cooperative agreement with the Republic of Ireland's auditing regulators which will allow the two bodies to conduct joint inspections on companies. 
  • Republicans Release Long-Awaited Tax Reform Plan

    By:
    Chris Gaetano
    |
    Nov 2, 2017
    House Republicans this morning released their proposed Tax Cuts and Jobs Act, the first major tax code overhaul in 30 years. 
  • Cash Losing Appeal as Online Retailers Rise

    By:
    Chris Gaetano
    |
    Nov 2, 2017
    How much cash is in your pocket right now? If you're like 76 percent of Americans who took a recent survey about how they pay for things, you've probably got less than $50. 
  • CPA Exam to be Updated More Frequently

    By:
    Chris Gaetano
    |
    Nov 1, 2017
    Speakers at the  110th Annual Meeting of the National Association of State Boards of Accountancy said the new CPA Exam, which launched this year, was a success, and that, in the future, people can expect the rest to be updated and revised more frequently than it was in the past. 
  • World's Largest Commodity Exchange to Offer Bitcoin Futures

    By:
    Chris Gaetano
    |
    Nov 1, 2017
    CME Group, the largest commodity exchange in the world, said it wants to start offering futures contracts on popular cryptocurrency bitcoin by the end of the year, pending regulatory approval. 
  • Study: Partisan Media Affects What Companies Disclose

    By:
    Chris Gaetano
    |
    Oct 31, 2017
    A recent study has found that Democratic-leaning firms are less likely to report large reductions of employees and property, plants and equipment if they're in a Fox News coverage area than if they were not. 
  • Poll: Workers Who Wear Halloween Costumes to Work More Engaged

    By:
    Chris Gaetano
    |
    Oct 31, 2017
    A survey of 953 employees found that those who can dress up at work for Halloween are more motivated, more proud of their organizations, more likely to recommend it as a good place to work, and support the its values. 
  • Regulatory Roundup: Oct. 25-31

    By:
    Chris Gaetano
    |
    Oct 31, 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.
  • Equifax Contract Snarl Delays IRS e-Services Upgrade

    By:
    Chris Gaetano
    |
    Oct 30, 2017
    IRS plans to upgrade its e-services to a more secure authentication method has been delayed, partially because it needs to rethink its multi-million dollar contract with Equifax, which had been retained to provide the service. 
  • Study: Legacy of Parental Relations Loom Over Work-Life Balance Decisions

    By:
    Chris Gaetano
    |
    Oct 30, 2017
    While we might like to think of our decisions regarding work-life balance as our own, a recent study based on 148 in-depth interviews with 78 parents at global accounting and law firms found that parental upbringing has a major influence on how we work. 
  • Companies Put the Word 'Blockchain' In Name, Stocks Surge Nearly 400 Percent

    By:
    Chris Gaetano
    |
    Oct 27, 2017
    British technology firm On-line PLC announced on Thursday that it is changing its name to On-line Blockchain PLC and since then has seen its stock value jump 394 percent despite no other substantive change in the company. 
  • Assistant Treasury Sec. David Kautter Appointed as Acting IRS Commissioner

    By:
    Chris Gaetano
    |
    Oct 27, 2017
    The president has appointed Assistant Secretary of the Treasury for Tax Policy David Kautter as acting commissioner of the IRS. 
  • How to Structure Bonuses Without Incentivising Bad Behavior

    By:
    Chris Gaetano
    |
    Oct 26, 2017
    While bonuses can be a great tool to drive productivity, a poor design can create incentives for bad behavior. How should companies structure their bonus programs to retain all the benefits while avoiding the ethical pitfalls? 
  • 2017 Set All-Time Record for Store Closings

    By:
    Chris Gaetano
    |
    Oct 26, 2017
    Retailers have announced 6,700 store closings since the beginning of this year, setting an all-time record. The previous record of 6,163 was set in 2008 during the global economic crisis. 


  • AICPA Picks Eric Hansen as New Chair

    By:
    Chris Gaetano
    |
    Oct 25, 2017
    The AICPA governing council has chosen Eric Hansen, chief operating officer of BKD CPAs & Advisors, as its next chair. 

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