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NY Proposals Seek to Ease Burden of SALT Caps, Other Limits
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Read the April/May 2018 Issue (pdf)
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Society Supports Bill Mandating CPE for New CPAs
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Bill Proposes First Major IRS Overhaul Since 1998
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IRS Warns of Scam Targeting Tax Professionals

Latest Articles

  • TCJA Changes Incentives for Corporate Behavior

    By:
    Chris Gaetano
    |
    May 8, 2018
    The Tax Cuts and Jobs Act presents domestic and international corporations with a wave of new opportunities—and challenges—as the law’s changes call old tactics into question while bringing new ones to the fore.

  • Accounting Standards Change Prompts Berkshire Hathaway to Report $1.1 Billion Net Loss

    By:
    Chris Gaetano
    |
    May 7, 2018
    Berkshire Hathaway, the multinational conglomerate behind billionaire Warren Buffet, has reported a $1.1 billion net loss that it attributed mainly to accounting changes on how unrealized gains and losses on stock investments are reported. 

  • M&A Activity Heating Up

    By:
    Chris Gaetano
    |
    May 7, 2018
    Mergers and acquisitions deals for the first three months of the year have increased by 13 percent in value from the previous quarter to $513 billion, the highest amount since 2016, with the total number of deals growing by 6 percent at the same time.

  • Gallup Survey Finds People Have Dim View of Their Jobs

    By:
    Chris Gaetano
    |
    May 4, 2018
    Gallup's new State of the American Workplace survey has found that things aren't so good with the workers, as only a third would be considered engaged—that is, involved in, enthusiastic about and committed to their work and workplace— and 16 percent are "actively disengaged," defined as resentful that their needs aren't being met and are acting out on their unhappiness. 

  • Theranos Investors, Including Top Business and Government Officials, Lost $600M

    By:
    Chris Gaetano
    |
    May 4, 2018
    Recently unsealed court documents reveal that investors in Theranos Inc., including many top business and government officials such as Education Secretary Betsy DeVos and Mexican billionaire Carlos Slim, lost a collective $600 million in what the SEC believes to be a massive fraud. 

  • E&Y Settles Sexual Harassment Suit

    By:
    Chris Gaetano
    |
    May 3, 2018
    Ernst & Young has settled with a female tax partner over claims of sexual assault, harassment, and retaliation, according to Barron's.

  • GE Mortgage Unit, Haunted by Ghosts of Financial Crisis, May Turn to Bankruptcy for Exorcism

    By:
    Chris Gaetano
    |
    May 3, 2018
    More than a decade later, General Electric is still dealing with the fallout from its now-defunct sub-prime mortgage business. Faced with ongoing investor lawsuits and federal investigation, the company said the troubled unit might be forced to declare bankruptcy.  

  • Survey Finds People Think CEOs Mostly Driven by Greed, But Still Want Them to Take Lead on Issues

    By:
    Chris Gaetano
    |
    May 2, 2018
    A recent survey has found that while the majority of people say that CEOs are driven mostly by greed versus wanting to make the world a better place, they also want  CEOs to take the lead on change rather than wait for government to impose it. 

  • Federal Reserve: Climate Change Could Cut U.S. Economic Growth by One Third Over Century

    By:
    Chris Gaetano
    |
    May 2, 2018
    A study recently published by the Federal Reserve Bank of Richmond said that climate change could stunt U.S. economic growth by one third over the next century. 

  • CPA in Government Award Winner Scott Adair Bridges Worlds of Finance and Public Sector

    By:
    Chris Gaetano
    |
    May 1, 2018
    Former NYSSCPA President Scott M. Adair, winner of this year’s Outstanding CPA in Government Award, is the CFO of the Rochester-Genesee Regional Transportation Authority. He has worked in the public sector for 14 years, and he has met its challenges with a CPA’s sober eye and attention to detail.
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