Latest Articles

  • Latest Employment-Population Ratio Stats Show 47.2 Percent Have No Job

    By:
    Chris Gaetano
    |
    Jun 30, 2020
    The latest U.S. employment-population ratio released by the Bureau of Labor Statistics shows that nearly half of Americans, 47.2 percent, have no job.
  • Regulatory Roundup - June 23-29

    By:
    Chris Gaetano
    |
    Jun 29, 2020
    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.
  • National Taxpayer Advocate Erin Collins Says COVID-19 Has Introduced New Challenges

    By:
    Chris Gaetano
    |
    Jun 29, 2020
    Erin Collins, the national taxpayer advocate who replaced Nina Olson, warned of new challenges that taxpayers face due to the global pandemic. These challenges arise from both the economic impacts of the virus itself and the government's massive aid response.
  • Top CEOs Pessimistic About Immediate Economic Future

    By:
    Chris Gaetano
    |
    Jun 29, 2020
    A survey of the nation's top CEOs conducted by the Business Roundtable indicates that they remain worried about the pandemic's effect on the economy and don't believe things will turn around in the immediate future.
  • Technical Glitch Temporarily Leaves Chase Customers With Incorrect Balances

    By:
    Chris Gaetano
    |
    Jun 29, 2020
    Chase Bank customers over the weekend were reporting on social media that their balances had unexpectedly changed, with money either added or lost to their accounts.
  • Lending Pulls Back, as It Becomes Increasingly Unclear Who Is Creditworthy

    By:
    Chris Gaetano
    |
    Jun 29, 2020
    The number of mail-in personal loan and credit card offers has dropped steadily over the last few months, with one factor being confusion on the part of lenders, which are unclear about who is and is not a good credit risk in the midst of the global pandemic.
  • The 2020 NYSSCPA Awards: Education Award Winner Jack Angel Focuses on ‘Nuts and Bolts’ of Profession

    By:
    Chris Gaetano
    |
    Jun 29, 2020
    Jack Angel, an Adelphi University accounting professor and the winner of this year’s Dr. Emanuel Saxe Outstanding CPA in Education Award, did not originally plan to be an educator. Having just left a position as a hearing officer at the IRS—his first job out of college—Angel started building his own practice on Long Island. While he grew his business, he also began teaching at Adelphi University. While his practice did eventually grow over the years into a thriving business, Angel eventually realized that he loved teaching. He no longer thought of himself as a practitioner with a teaching side gig—he was an educator whose practice financially supported his teaching.
  • The 2020 NYSSCPA Awards: Distinguished Service Award Winner Sidney Kess Recognized for Phenomenal Contributions to the Society

    By:
    Chris Gaetano
    |
    Jun 29, 2020
    Sidney Kess, the 2020 winner of the Society’s Distinguished Service Award, is a legend. This is no exaggeration or hyperbole but, rather, a simple recitation of fact: One can be confident in saying that the number of CPAs who know his name and his work far outnumber those who do not. This is because he has spent more than half a century making his mark on the profession through education and instruction.
  • The 2020 NYSSCPA Awards: Industry Award Winner Janet T. Verneuille Dedicated to Helping Fellow Practitioners Stay Current

    By:
    Chris Gaetano
    |
    Jun 29, 2020
    Janet T. Verneuille, the winner of this year’s Outstanding CPA in Industry Award, said that she has banking in her blood, her mother having worked her way up the industry’s ranks after starting as a rack clerk at Citibank years ago. Following in her footsteps, Verneuille has spent most of her professional life in the same industry, bringing a CPA’s sensibility to the world of community banks.
  • The 2020 NYSSCPA Awards: Public Service Award Winner Lorraine P. Wolch Applies CPA Skills to Community Philanthropies

    By:
    Chris Gaetano
    |
    Jun 29, 2020
    Lorraine P. Wolch, winner of this year’s Arthur J. Dixon Public Service Award, has spent decades of her life applying her expertise as a CPA to philanthropic organizations throughout the Rochester area. As a veteran volunteer with the Jewish Federation of Greater Rochester (JFGR) and the housing organization Tempro, she has worked hard to ensure the financial stability of both organizations, which provide a wide variety of services for needy people in the area.