Latest Articles

  • House Bill Would Tax Vaping Products Like Tobacco

    By:
    Chris Gaetano
    |
    Oct 25, 2019
    A bill that would tax vaping products in the same way that current law taxes tobacco has cleared the House Oversight Committee and is prepared for a floor vote soon. 
  • Nominations for Society’s Board of Directors Due Dec. 31

    By:
    NYSSCPA Staff
    |
    Oct 25, 2019
    Are you interested in serving on the NYSSCPA’s Board of Directors? The Society’s Nominating Committee is accepting submissions of interest by members to fill key leadership positions on the NYSSCPA’s Board of Directors. Terms begin on June 1, 2020. The deadline to submit a nomination is Tuesday, Dec. 31, 2019.
  • Three Conference Panelists Speak on How Their Organizations Implented Diversity and Inclusion Initiatives

    By:
    Chris Gaetano
    |
    Oct 24, 2019
    While many speak theoretically about diversity and inclusion at their organizations, three speakers at the Foundation for Accounting Education's Diversity and Inclusion Conference On Oct. 23 discussed what that actually means on the ground when working to implement new programs and initiatives that advance this goal. 
  • Tax Court Backs IRS in Fight Over Cannabis Business Deductions

    By:
    Chris Gaetano
    |
    Oct 24, 2019
    A federal tax court has ruled that the IRS restriction on business deductions for cannabis companies operating legally under state law is constitutional, despite a California dispensary arguing that it violates the Eighth Amendment prohibition against excessive fines. 
  • Cracks Starting to Show at Economy's Bottom as Cheap Credit Degrades

    By:
    Chris Gaetano
    |
    Oct 23, 2019
    Troubled companies with low credit ratings have been able to survive this past decade due to the surfeit of cheap credit that's been flooding the market, yet as the quality of this credit sinks lower and lower, buyers are increasingly hard to come by, threatening a long-delayed reckoning that could spread to other parts of the economy. 
  • Conference Speaker: Employers Must Recognize Diversity Offers Valuable Opportunities

    By:
    Chris Gaetano
    |
    Oct 23, 2019
    Natara Holloway, the NFL's vice president of strategic business operations for football operations, and the keynote speaker at the Foundation for Accounting Education's Diversity and Inclusion Conference on Oct. 23, said that diversity has to be more than just a box to check for employers, as that sort of attitude will make them miss valuable bottom-line opportunities. 
  • Society Awards 2020: Call for Nominations

    By:
    Keith Lazarus
    |
    Oct 22, 2019
    Certified public accountants throughout New York state give generously of their free time to better their profession and to assist with community causes and projects in the public interest. The NYSSCPA recognizes these volunteer and professional commitments through an awards program designed to highlight outstanding service and to recognize professional development.
  • Study Finds Not Being Able to Check Work Email Can Also Be Harmful

    By:
    Chris Gaetano
    |
    Oct 22, 2019
    Research has shown that being required to check work emails during the off-hours can be harmful to our mental health, but a new study has posited that the opposite, being banned from checking office emails, can also be harmful.
  • McKinsey Reports One-Third of Banks Won't Survive Without Major Business Model Changes

    By:
    Chris Gaetano
    |
    Oct 22, 2019
    Consulting firm McKinsey reports that banks are in a sensitive state right now, and many are unlikely to survive the next economic downturn.
  • Regulatory Roundup: Oct. 15-21

    By:
    Chris Gaetano
    |
    Oct 21, 2019
    ​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.