• Half of Renters Experience Housing Cost Burdens

    By:
    Chris Gaetano
    |
    Dec 15, 2017
    Nearly half of all renters spend more than 30 percent on of their incomes on rent, and a full 25 percent pay more than half. 
  • E&Y, Other Firms, Upping Recruitment of Workers with Autism, Other Disabilities

    By:
    Chris Gaetano
    |
    Dec 14, 2017
    Ernst and Young, along with other CPA firms, have been increasing their recruitment of people with disabilities, particularly those on the autism spectrum with in-demand skills like data analytics and raw mathematical ability. 
  • Households Spend $904 a Year on Credit Card Interest Alone

    By:
    Chris Gaetano
    |
    Dec 14, 2017
    Data from the Federal Reserve Bank of New York and the U.S. Census Bureau finds that credit card interest costs the average American $904 a year. 
  • SEC Appoints William D. Duhnke III to Chair PCAOB

    By:
    Chris Gaetano
    |
    Dec 13, 2017
    The Securities and Exchange Commission has appointed William D. Duhnke III, currently the staff director and general counsel for the Senate Committee on Rules and Administration, to chair the Public Company Accounting Oversight Board (PCAOB), replacing outgoing chair James Doty. 
  • Payroll Processors Worry There May Not Be Enough Time to Calculate Tax Bill Changes

    By:
    Chris Gaetano
    |
    Dec 13, 2017
    With Congress working to pass a massive tax reform bill before the end of this year, and with many of the provisions within that bill set to take effect at the beginning of next year, payroll processors warned legislators that there may not be enough time to calculate all the changes that would take effect, causing major disruption to hundreds of millions of workers. 
  • House and Senate Republicans Reach Accord on Tax Plan

    By:
    Chris Gaetano
    |
    Dec 13, 2017
    Republicans in the House and Senate have come to a tentative deal on the tax reform bill, with leadership saying a final vote could come as soon as Monday. 
  • Few Corporate Boards Are Majority Women, But Ones That Are Tend to Outperform Peers

    By:
    Chris Gaetano
    |
    Dec 12, 2017
    While, worldwide, there are few majority-female corporate boards, the ones that do exist tend to outperform their industry peers. 
  • Treasury Department Releases Page-long Analysis of Tax Plan,

    By:
    Chris Gaetano
    |
    Dec 12, 2017
    The Treasury Department released the long-awaited analysis of the Republican tax plan, which took the form of a one-page long document that essentially says the Joint Committee on Taxation is correct. 
  • NYS Tax Department Extends 'No Applicable ID' Option for Driver's License Requirement

    By:
    Chris Gaetano
    |
    Dec 12, 2017

    Just in time for the launch of the 2017 tax filing season, the New York State Department of Taxation and Finance (NYSDTF) confirmed on Dec. 8 that it will continue to allow tax practitioners e-filing returns with NYSDTF to click a “No Applicable ID” box if a client refuses to provide them with driver’s license information when they are preparing the client’s New York State income tax return. 


  • Regulatory Roundup: Dec. 6-12

    By:
    Chris Gaetano
    |
    Dec 12, 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.
  • Society to Transfer Peer Review Administration to Pennsylvania Institute in March

    By:
    Ruth Singleton
    |
    Dec 12, 2017

    On March 15, 2018, the NYSSCPA will hand off its peer review administration responsibilities to the Pennsylvania Institute of CPAs (PICPA). As of that date, the PICPA will become the administering entity (AE) for New York state CPA firms that are required to undergo peer review, meaning all firms that perform attest services, as well as firms that include members of the American Institute of CPAs (AICPA) and perform work for which that organization requires peer review.

  • Speaker: Uncertainty Snarls Tax Planning

    By:
    Chris Gaetano
    |
    Dec 11, 2017
    Congress is in the middle of crafting what has been promised to be the most significant overhaul to federal tax policy in decades, though a speaker at the Foundation for Accounting Education's Tax Planning for Individuals Conference on Dec. 7 noted that the timing of all this makes it difficult to plan for next year. 
  • Japanese Firm Tries Drones to Prevent Death-by-Overwork

    By:
    Chris Gaetano
    |
    Dec 11, 2017
    A Japanese cleaning and office security firm is considering using drones to curtail white collar workers who stay in the office until late at night as a way to both encourage better work-life balance and discourage death-by-overwork. 
  • Why Are People So Bad With Money?

    By:
    Chris Gaetano
    |
    Dec 11, 2017
    It's a question that many CPAs have no doubt asked themselves when observing a client making a particularly bad decision: why are they so bad with money? A behavioral economist from Duke University thinks he has an answer to that question—several, in fact. 
  • Ways to Recognize a Social Engineering Attack

    By:
    Chris Gaetano
    |
    Dec 8, 2017
    You can have the most sophisticated network security in the world, but it's all worthless if someone replies to the wrong email. We speak often of what to do in the event of a cyber attack, but many of those are preceded by simple social engineering. What are the signs that someone is trying to manipulate you into giving up valuable information?
  • Speaker: Regulatory Slowdown Means More Work for CPAs

    By:
    Chris Gaetano
    |
    Dec 7, 2017
    While the administration's freeze on new federal regulations might seem, on its face, to mean less work for CPAs, a speaker at the Foundation for Accounting Education's Tax Planning for Individuals Conference on Dec. 6 said that, paradoxically enough, it will actually mean the opposite. 
  • Speaker: Federal Estate Tax Cut All But Certain, But Don't Count Out State-Level Taxes

    By:
    Chris Gaetano
    |
    Dec 7, 2017
    Kevin Matz, a tax partner at Stroock & Stroock & Lavan LLP, said it was almost certain that the tax reform bill will pass, which at the very least means significant cuts in the federal estate tax, if it's not repealed entirely. But at the same time, he said, CPAs need to remember that states collect estate taxes too, and they won't necessarily follow every aspect of the federal law. 
  • House and Senate Republicans to Confer on Respective Tax Plans

    By:
    Chris Gaetano
    |
    Dec 5, 2017
    Senate Republicans will be meeting with their House counterparts this week after voting on their version of the tax reform bill. 
  • PCAOB Releases Staff Guidance for Expanded Auditors Report

    By:
    Chris Gaetano
    |
    Dec 5, 2017
    The Public Company Accounting Oversight Board (PCAOB) released guidance intended to help people make sense of the new expanded auditor's report, which was formally adopted this past June. 
  • Regulatory Roundup: Nov. 29-Dec. 5

    By:
    Chris Gaetano
    |
    Dec 5, 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.

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