Latest Articles

  • Speakers Promote Tax Security Awareness, Saying Cybercrime Is Growing Rapidly

    By:
    Chris Gaetano
    |
    Nov 29, 2017
    Cybercrime and identity theft are among the fastest growing crimes. Given this rapid growth, speakers from the IRS, New York State Department of Taxation and Finance,  Better Business Bureau, New York City Department of Consumer Affairs and Manhattan District Attorney's Office held a press conference on Nov. 29, stressing the need for people to protect themselves.
  • Wells Fargo Currency Traders Found to Be Overcharging Customers to Fatten Bonuses

    By:
    Chris Gaetano
    |
    Nov 28, 2017
    Currency traders at Wells Fargo routinely overcharged foreign exchange customers in order to meet bonus incentives based on how much revenue they were able to pull in.
  • IRS to Allow Casualty Deductions for Damaged Concrete Foundations

    By:
    Chris Gaetano
    |
    Nov 28, 2017
    The IRS will now allow certain damage resulting from deteriorating concrete foundations to be treated as a casualty loss.
  • Regulatory Roundup: Nov. 15-28

    By:
    Chris Gaetano
    |
    Nov 28, 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.
  • NYC Housing Agency Makes Changes to CPA’s Report at Society’s Urging

    By:
    Chris Gaetano
    |
    Nov 27, 2017

    After three years of negotiations, the New York City Department of Housing Preservation and Development (HPD) has agreed to implement changes suggested by the NYSSCPA’s Real Estate Committee that bring a CPA’s report used in a tax exemption and abatement program known as J-51 into compliance with professional standards.

  • Finance Chiefs Turning Against Microsoft Excel

    By:
    Chris Gaetano
    |
    Nov 27, 2017
    Influential finance chiefs of major public corporations like Adobe are increasingly turning against popular business spreadsheet software Microsoft Excel, saying it's a relic of an earlier age that's getting in the way of today's businesses. 
  • Many Airbnb Listings Playing Host to Money Launderers

    By:
    Chris Gaetano
    |
    Nov 27, 2017
    Airbnb, the popular hotel-but-not-really-a-hotel service that's been taking the world by storm, has also been serving as a convenient tool to launder illicit cash. 
  • Banking Consortium Successfully Tests New Block Chain on Equity Swaps Market

    By:
    Chris Gaetano
    |
    Nov 20, 2017
    A group of large banks successfully concluded a six-month test where block chain technology was used to keep track of swaps contracts after execution. 

  • What NOT to Do In a Data Breach

    By:
    Chris Gaetano
    |
    Nov 20, 2017
    While there's quite a lot of advise on what to do when experiencing a data breach, a recent article in the Harvard Business Review points out times when companies made serious errors in the wake of a cyber attack. 
  • House Republicans Pass Tax Bill

    By:
    Chris Gaetano
    |
    Nov 17, 2017
    House Republicans yesterday passed their version of the tax reform bill 227 to 205.