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Features

  • FAE Conference Speaker: Domain Names Are Big Business

    By:
    CHRIS GAETANO
    |
    Jun 10, 2014
    What’s in a name? Millions of dollars, when it comes to the Web. Domain names, the unique identifiers that Internet users type into a browser to visit a site, can be serious business—take, for example, Sex.com, which sold for $13 million in 2011, or Whiskey.com, which sold for $3.5 million this year. Still, determining the actual worth of a domain name is less straightforward than it may seem, and CPAs performing valuations will need to know which factors to weigh, according to Jaime d’Almeida, a valuation specialist who spoke at the Foundation for Accounting Education’s Business Valuation Conference on May 19.
  • Background checks an art, science

    By:
    CHRIS GAETANO
    |
    Jun 6, 2014
    Though detecting fraud is important, so is keeping it from happening in the first place—and any good prevention strategy begins with thorough background checks, according to Robert J. Strang, a speaker at the Foundation for Accounting Education’s Anti-Fraud Conference on May 21. 
  • Balancing Acts: In establishing better work–life boundaries, employees have a role to play

    By:
    PEI-CEN LIN, CPA, SPHR
    |
    Jun 6, 2014
    Judging by recent surveys, finding a good work–life balance has become the new holy grail for employees. In a 2013 survey of more than 4,000 professionals by the consulting firm Accenture, 52 percent said they had turned down a job that would have left little time for personal pursuits, while another 56 percent said that having a thriving personal life defined career success even more than receiving a raise or a promotion. 
  • Brooklyn political leaders meet with the NYSSCPA

    By:
    ROBERT BUSWEILER
    |
    May 21, 2014
    Twenty members from the NYSSCPA’s Queens/Brooklyn chapter met with State Senator Kevin S. Parker (D-21) and Kings County Democratic Chairman Frank Seddio on May 9 as part of the Society’s new Legislative Breakfast series. 
  • Society recognizes winners of its Excellence in Financial Journalism Awards at May 1 luncheon

    By:
    ROBERT BUSWEILER
    |
    May 20, 2014
    For the 31st consecutive year, the NYSSCPA honored reporters from the national and local press whose work contributed to a better and balanced understanding of business or financial topics through its Excellence in Financial Journalism Awards program. 
  • Together, we’ve laid a strong foundation for our future

    By:
    |
    May 15, 2014
    In a few weeks time, I will participate in one of the great traditions of our organization, by passing the reins as Society president to a successor—the more-than-capable Scott M. Adair. It has been my honor to serve you, and I am grateful to have had the opportunity to do so.
  • Overstock.com’s Chairman of the Board Jonathan Johnson and CFO Rob Hughes

    By:
    CHRIS GAETANO
    |
    May 13, 2014
    In January, the online discount store Overstock.com—which sells everything from home goods to electronics to furniture—made news when it became the first major retailer in the world to accept Bitcoin. First introduced in 2009, Bitcoin is the oldest and, by far, the best known of the more than 40 digital currencies that have sprouted up in the past few years. But until recently, the money, which is linked to no one nation and is not regulated by a central bank, was used mainly by collectors to purchase and sell goods and services among themselves.