Latest Articles

  • Ways and Means Committee Releases Bipartisan IRS Overhaul Package

    By:
    Chris Gaetano
    |
    Apr 11, 2018
    The House Ways and Means Committee released a package of bills that, if passed, would enact the first major overhaul of the IRS since 1998. 
  • Regulatory Roundup: April 4-10

    By:
    Chris Gaetano
    |
    Apr 10, 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. 
  • CBO Estimates Debt to Approach 100 Percent of GDP Within a Decade

    By:
    Chris Gaetano
    |
    Apr 10, 2018
    The Congressional Budget Office (CBO), in its annual Budget and Economic Outlook report, estimated that U.S. public debt will equal 100 percent of GDP by the year 2028. 
  • IRS Audits of Giant Corporations Nearly Halved Since 2010

    By:
    Chris Gaetano
    |
    Apr 10, 2018
    A recent report has found that even as the number of giant corporations with over $20 billion in assets has grown, the proportion of them subjected to IRS audits has nearly halved since 2010. 
  • The Negative Side of Positive Expectations

    By:
    Chris Gaetano
    |
    Apr 9, 2018
    While it's generally a good thing to believe in people and have high expectations for their work, a recent psychological study has found that these same expectations can actually lead certain people to give up more easily. 
  • Poll: Tax Executives Concerned About Impact of Tax Law

    By:
    Chris Gaetano
    |
    Apr 9, 2018
    A survey of 150 public company tax executives has found that implementing changes from the Tax Cuts and Jobs Act is the chief concern for 91 percent of poll respondents. 
  • IBM: Configuration Errors Responsible for 70 Percent of Compromised Records

    By:
    Chris Gaetano
    |
    Apr 6, 2018
    Improper configuration of cloud storage servers was responsible for 70 percent of all compromised records tracked by IBM in 2017, according to a recent report from the company. 
  • SEC Chair: Not Every ICO is a Scam

    By:
    Chris Gaetano
    |
    Apr 6, 2018
    Despite recent high-profile enforcement actions involving cryptocurrency ICOs (initial coin offerings), SEC Chair Jay Clayton, in a recent speech, said that his agency is not out to destroy the entire sector and does not believe that every ICO is a scam. 
  • Report: Fraudsters Seek New Ground as Traditional Targets Beef Up Security

    By:
    Chris Gaetano
    |
    Apr 5, 2018
    While the battle against online fraud has improved remarkably in some areas, it has gotten much worse in others, indicating that fraudsters are changing their focus to softer targets as security tightens in traditional areas. 
  • Delta, Sears Reveal Data Breach

    By:
    Chris Gaetano
    |
    Apr 5, 2018
    This is getting a little repetitive no? Sears and Delta Airlines both revealed that, because of a data breach of a mutual third-party contractor, some of their customers' credit card information may have been exposed.