Latest Articles

  • 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 ‚Äč‚Äčannouncements 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?