• As Attitudes on Marijuana Soften, Drug Testing Declines in Companies

    By:
    Chris Gaetano
    |
    Mar 5, 2018
    Employers asking workers to pee into a cup seems on its way to becoming as much of a relic as smoking in the office and three-martini lunches as softening public attitudes towards marijuana collide with an increasingly tight labor market. 
  • CFOs Went From Ranking Excel Skills Most Important to Least Important in 2 Years

    By:
    Chris Gaetano
    |
    Mar 1, 2018
    While just two years ago CFOs thought aptitude with Microsoft Excel was the most important skill for their finance teams, today it ranks as the least. 
  • Equifax Breach Affected 2.4M More Than Last Reported

    By:
    Chris Gaetano
    |
    Mar 1, 2018
    Credit reporting agency Equifax's famed data breach that affected potentially a third of the entire country was actually even larger, as the company is now saying that an additional 2.4 million Americans were affected. 
  • Study: Women Close Pay Gap When They Widen Education Gap

    By:
    Chris Gaetano
    |
    Feb 28, 2018
    A recent study from Georgetown University says that women with bachelor's degrees make as much as men with associate's degrees, women with master's degrees make as much as men with bachelor's degrees and so on and so forth for each successive level of educational attainment. 

  • Regulators Considering Rollback of Volcker Rule

    By:
    Chris Gaetano
    |
    Feb 28, 2018
    The Volcker Rule, a provision of the landmark Dodd-Frank Act which severely limited the degree to which banks could invest using customer assets, is being reconsidered by the suite of financial regulators responsible for enforcing it. 
  • Poll Says Gossip Most Inappropriate Work Behavior, Over Touching, Leaning or Cornering

    By:
    Chris Gaetano
    |
    Feb 27, 2018
    A poll of  1,130 American workers has found that gossip is considered the most inappropriate office behavior, slightly more than deliberate touching, leaning, or cornering. 
  • TIGTA: IRS Program Fighting Worker Misclassification Falls Short

    By:
    Chris Gaetano
    |
    Feb 27, 2018
    An IRS program meant to fight companies improperly classifying employees as independent contractors has not been effective and needs more work.
  • Regulatory Roundup: Feb. 21-27

    By:
    Chris Gaetano
    |
    Feb 27, 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.
  • Treasury Official Overseeing Tax Law Implementation Quits After Making Critical Public Comments

    By:
    Chris Gaetano
    |
    Feb 26, 2018
    Dana Trier, deputy assistant secretary for tax policy in the U.S. Treasury Department, has resigned after making several highly public comments criticizing parts of the new tax law, which he was helping to implement. 
  • IRS Releases Guide for Opting Out of New Centralized Partnership Regime

    By:
    Chris Gaetano
    |
    Feb 26, 2018
    As the IRS prepares to implement new rules for auditing large partnerships, it has released new guidance for how those who qualify for exemptions from these regulations may apply for one. 
  • Average Person Spends $5,400 on Impulse Buys Each Year

    By:
    Chris Gaetano
    |
    Feb 23, 2018
    Whether online or on the streets, we all make impulse purchases from time to time. While the calculations in our head may tell us it doesn't make that big a difference, a recent study says that, over the course of a year, those impulse purchases add up to about $5,400 on average. 
  • Economic Study Finds Statistical Backing for Peter Principle

    By:
    Chris Gaetano
    |
    Feb 23, 2018
    The Peter Principle is the idea that, in any hierarchical organization, competent workers are promoted until they reach a position where they are no longer competent, a concept that is used to explain poor management in many sectors of the economy. An upcoming study from the National Bureau of Economic Research backs this idea by finding that the better someone is at sales, the worse they will be at managing others salespeople.
  • IRS to CPAs: Stop Referring Clients to the E-Help Desk!

    By:
    Chris Gaetano
    |
    Feb 22, 2018
    The IRS is emphasizing that the e-help desk is for tax professionals only, and that if people keep sending their clients there, it just means longer wait times for everyone. 
  • SCOTUS Rules: Want Whistleblower Protections? Go to SEC First

    By:
    Chris Gaetano
    |
    Feb 22, 2018
    The Supreme Court of the United States has ruled that the whistleblower protections implemented as part of the Dodd-Frank Act only apply if someone reported the fraud to the Securities and Exchange Commission. 
  • Poll: 26 Percent Don't Even Know a Tax Bill Was Passed

    By:
    Chris Gaetano
    |
    Feb 21, 2018
    With the new tax bill dominating the minds of CPAs across the country, it may surprise them to know that, according to a recent poll, 26 percent of Americans don't even know that there was a bill in the first place. 
  • Survey Finds Roughly 1 in 5 Lie to Boss About Physical and Mental Health Issues

    By:
    Chris Gaetano
    |
    Feb 21, 2018
    A survey of 1,000 U.S. workers has found that a sizable number of them, about 1 in 5, keep physical and mental health issues from their bosses. 
  • Ethics CPE Regs Unchanged for 2018

    By:
    Ruth Singleton
    |
    Feb 21, 2018

    New York state’s ethics continuing professional education (CPE) requirement will remain unchanged for the 2018 year because the State Board for Public Accountancy did not submit for approval proposed rule changes to the Board of Regents in 2017.

  • Society Forms Ad Hoc Committee to Address NYS Responses to New Tax Law

    By:
    Ruth Singleton
    |
    Feb 20, 2018
    The NYSSCPA has formed a Tax Cuts and Jobs Act (TCJA) Ad Hoc Committee in response to the new federal tax law. The committee, chaired by Kevin J. McCoy, has as its mission “to review and analyze proposed changes that may develop in New York tax regimes and policy as [a] result of impacts of the federal Tax Cuts and Jobs Act.”
  • Proposed Rule Would Expand Use of Short-term Health Plans Outside Purview of Obamacare Regs

    By:
    Chris Gaetano
    |
    Feb 20, 2018
    The Health and Human Services Department has proposed rule changes that, if implemented, would expand the use of short-term health insurance plans, which are outside the scope of many Obamacare regulations. 
  • Gov. Cuomo Lays Out 30-Day Budget Amendments, Includes SALT Fixes

    By:
    Chris Gaetano
    |
    Feb 20, 2018
    New York Governor Andrew Cuomo, through a set of 30-day budget amendments, has formally laid out a set of proposed fixes to address the new cap on state and local tax (SALT) deductions imposed by the recent Republican tax bill. 

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