Latest Articles

  • 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the tax reform bill will pass, which at the very least means significant cuts in the federal estate tax, if it's not repealed entirely.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.
  • Treasury Inspector General: Investigating Missing Tax Analysis a 'Top Priority'

    By:
    Chris Gaetano
    |
    Dec 1, 2017
    The Treasury Inspector General has said that looking into why the secretary's long-awaited analysis of the Republican tax plan has not been released. 
  • IRS Gives Partnerships, REMICs, Certain Other Entities More Time

    By:
    Chris Gaetano
    |
    Dec 1, 2017
    The IRS has given certain entities a little more time on their taxes to account for recently implemented due date changes. 
  • Corporate Boards Concerned About Industry Disruption, Cybersecurity

    By:
    Chris Gaetano
    |
    Nov 30, 2017
    A survey of 587 corporate directors at 520 public companies has found that board members are concerned about the changing state of both their own industry and the economy as a whole, as well as emerging cybersecurity threats. 
  • FASB to Make Lease Accounting Standard a Little Easier

    By:
    Chris Gaetano
    |
    Nov 30, 2017
    The Financial Accounting Standards Board (FASB) gave final approval to a proposed update that allows entities to use a practical expedient when it comes to land easements, as well as voted to propose a new update that allows lessors to not separate lease and nonlease components if certain conditions are met. 
  • Most CEOs Plan to Use Tax Cuts to Pay Shareholders, Debts

    By:
    Chris Gaetano
    |
    Nov 29, 2017
    At a recent forum attended by CEOs of top companies like Coca Cola Co. and Pfizer, it was found that the vast majority had no plans to spend tax cuts on jobs and investment, with most opting instead to reward shareholders and pay down debt.