Latest Articles

  • Study: Fewer Teens Working Summer Jobs

    By:
    Chris Gaetano
    |
    Jun 5, 2017
    A recent analysis by the Bureau of Labor Statistics finds that the summer job, once a rite of passage for teens across the country, has been on the decline, dropping 10 percent since 2006 and 27 percent since 1989. 
  • IRS Will Cease Accepting Checks for Certain Rulings

    By:
    Chris Gaetano
    |
    Jun 2, 2017
    Starting August 15 the IRS will no longer be accepting checks from people seeking letter rulings, closing agreements and certain other rulings. 
  • Study: For Job Networking, Quality Counts Over Quantity

    By:
    Chris Gaetano
    |
    Jun 2, 2017
    While previous research found that large numbers of weak networking ties were best for finding a new job, more recent studies have found that, because of the Internet, the opposite is now best: smaller numbers of strong ties with former co-workers who can vouch for you. 
  • PCAOB Passes Expanded Auditor's Reports

    By:
    Chris Gaetano
    |
    Jun 1, 2017
    The Public Company Accounting Oversight Board (PCAOB) unanimously passed a measure today that will expand the auditor's report to include, among other things, certain Critical Audit Matters, which are intended to inform which will inform investors and other financial statement users of matters arising from the audit that required especially challenging, subjective, or complex auditor judgment, and how the auditor responded. 
  • Poll: CPAs Optimistic on Economy, Remain Concerned About Cost, Availability of Talent

    By:
    Chris Gaetano
    |
    Jun 1, 2017
    A survey of 726 financial executives conducted by the AICPA has found that CPAs are generally positive about the economy, but are worried about rising wage and benefit costs, as well as the availability of new talent. 
  • TIGTA: IRS Automated Non-Master File Rife with Errors

    By:
    Chris Gaetano
    |
    May 31, 2017
    The Treasury Inspector General for Tax Administration (TIGTA)  said that the IRS's Automated Non-Master File, which provides information regarding individual and business taxpayer accounts that, because of system limitations, cannot be processed through the Master File, contains numerous calculation errors that have resulted in incorrect assessment of penalties for thousands of accounts. 
  • Business Lunches on the Decline

    By:
    Chris Gaetano
    |
    May 31, 2017
    An article in the Wall Street Journal says that fewer people these days spend their lunch breaks at restaurants, both driving and reflecting changes in workplace cultures. 
  • Regulatory Roundup: May 24 to May 30

    By:
    Chris Gaetano
    |
    May 30, 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.
  • Use a Credit Card at Chipotle? Your Information May Have Been Stolen

    By:
    Chris Gaetano
    |
    May 30, 2017
    Burrito chain Chipotle warned people that the payment systems in most of its restaurants have been compromised by malware that lifts information from credit and debit cards used there. 
  • PCAOB to Consider Changes to Standard Auditor's Report

    By:
    Chris Gaetano
    |
    May 30, 2017
    The Public Company Accounting Oversight Board (PCAOB) announced that it plans to consider possible changes to the standard auditor's report that will mandate the inclusion of additional information.