Latest Articles

  • Money Spent on Consultants Hits New Record, Buoyed by Tax Concerns, Tech Guidance

    By:
    Chris Gaetano
    |
    Jun 6, 2018
    Americans spent a record amount on consultants last year, $63.2 billion, a spike attributed to companies being increasingly concerned about navigating the new tax law and technological changes in the economy. 
  • Economists Predict Recession in 2020

    By:
    Chris Gaetano
    |
    Jun 6, 2018
    Economic forecasts predict that the next recession will happen in the year 2020. 
  • Society Helps Resolve Refund Notice Mix-Up at NYS Dept. of Taxation

    By:
    Chris Gaetano
    |
    Jun 5, 2018

    The NYSSCPA, through its New York, Multistate and Local Taxation Committee, has helped resolve an issue involving taxpayers who received notices saying that their New York state tax refunds had been adjusted, without an explanation. The problem stemmed primarily from a processing issue at the New York State Department of Taxation and Finance (NYSDTF), whereby taxpayers received inquiry letter after they received adjustment letters. It will be resolved through a reversal of the timing of the letters, along with better communication.

  • Study: Pay Disputes More Common in Finance and Insurance Industries

    By:
    Chris Gaetano
    |
    Jun 5, 2018
    When it comes to pay disputes with workers, such as failing to pay employees for overtime or expecting them to do tasks off clock, finance and insurance companies make up half of the top 12 payers of settlements and fines over such matters. 
  • IRS Gets Specific on What It Will Need for TCJA Implementation

    By:
    Chris Gaetano
    |
    Jun 5, 2018
    The IRS will need nearly $300 million to implement the Tax Cuts and Jobs Act, and it recently outlined specifically what steps it would need to take to do so. 
  • Regulatory Roundup: May 30-June 5

    By:
    Chris Gaetano
    |
    Jun 5, 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 ‚Äč‚Äčannouncements from the past week, and puts them in one place to help you stay on top of the issues.    
  • Finance Departments Preparing for Large-Scale Automation

    By:
    Chris Gaetano
    |
    Jun 4, 2018
    Companies are increasingly turning to software to automate tasks that were once done by people: 41 percent of finance executives in the U.S. and Europe say that their firms have an enterprise-wide automation strategy in place, with finance departments, not IT, generally leading the way. 
  • IRS Warns That, While Tax Season Is Over, Tax Scams Still Abound

    By:
    Chris Gaetano
    |
    Jun 4, 2018
    While the tax season is now over, the IRS has warned the public that this is no time to relax, as scammers are still impersonating government personnel to part taxpayers from their money. 
  • CPA Business Execs Slightly Less Optimistic on Economy

    By:
    Chris Gaetano
    |
    Jun 1, 2018
    Business executives who are also CPAs are slightly less optimistic about the economy than they were a few months ago, with opinions slipping on concerns about trade and political disruption. 
  • Study: The More Business Travel, the Worse Your Health

    By:
    Chris Gaetano
    |
    Jun 1, 2018
    If you ever suspected that business travel was literally killing you, a recent study has come out saying it's got proof: the more frequently people travel for business, the worse health they have.