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Latest Articles

Technical Glitch Temporarily Leaves Chase Customers With Incorrect Balances

By:

Chris Gaetano
|
Jun 29, 2020

Chase Bank customers over the weekend were reporting on social media that their balances had unexpectedly changed, with money either added or lost to their accounts.
Lending Pulls Back, as It Becomes Increasingly Unclear Who Is Creditworthy

By:

Chris Gaetano
|
Jun 29, 2020

The number of mail-in personal loan and credit card offers has dropped steadily over the last few months, with one factor being confusion on the part of lenders, which are unclear about who is and is not a good credit risk in the midst of the global pandemic.
The 2020 NYSSCPA Awards: Education Award Winner Jack Angel Focuses on ‘Nuts and Bolts’ of Profession

By:

Chris Gaetano
|
Jun 29, 2020

Jack Angel, an Adelphi University accounting professor and the winner of this year’s Dr. Emanuel Saxe Outstanding CPA in Education Award, did not originally plan to be an educator. Having just left a position as a hearing officer at the IRS—his first job out of college—Angel started building his own practice on Long Island. While he grew his business, he also began teaching at Adelphi University. While his practice did eventually grow over the years into a thriving business, Angel eventually realized that he loved teaching. He no longer thought of himself as a practitioner with a teaching side gig—he was an educator whose practice financially supported his teaching.
The 2020 NYSSCPA Awards: Distinguished Service Award Winner Sidney Kess Recognized for Phenomenal Contributions to the Society

By:

Chris Gaetano
|
Jun 29, 2020

Sidney Kess, the 2020 winner of the Society’s Distinguished Service Award, is a legend. This is no exaggeration or hyperbole but, rather, a simple recitation of fact: One can be confident in saying that the number of CPAs who know his name and his work far outnumber those who do not. This is because he has spent more than half a century making his mark on the profession through education and instruction.
The 2020 NYSSCPA Awards: Industry Award Winner Janet T. Verneuille Dedicated to Helping Fellow Practitioners Stay Current

By:

Chris Gaetano
|
Jun 29, 2020

Janet T. Verneuille, the winner of this year’s Outstanding CPA in Industry Award, said that she has banking in her blood, her mother having worked her way up the industry’s ranks after starting as a rack clerk at Citibank years ago. Following in her footsteps, Verneuille has spent most of her professional life in the same industry, bringing a CPA’s sensibility to the world of community banks.
The 2020 NYSSCPA Awards: Public Service Award Winner Lorraine P. Wolch Applies CPA Skills to Community Philanthropies

By:

Chris Gaetano
|
Jun 29, 2020

Lorraine P. Wolch, winner of this year’s Arthur J. Dixon Public Service Award, has spent decades of her life applying her expertise as a CPA to philanthropic organizations throughout the Rochester area. As a veteran volunteer with the Jewish Federation of Greater Rochester (JFGR) and the housing organization Tempro, she has worked hard to ensure the financial stability of both organizations, which provide a wide variety of services for needy people in the area.
Financial Regulators Loosen Certain Rules on Banks While Introducing Other Restrictions

By:

Chris Gaetano
|
Jun 26, 2020

Financial regulators have, on the one hand, loosened certain requirements of the Volcker Rule while, on the other, introduced new restrictions in response to the most recent round of stress tests.
Credit Card Data Reveals Link Between Restaurant Spending, COVID-19 Outbreaks

By:

Chris Gaetano
|
Jun 26, 2020

Data from 30 million Chase cardholders has revealed that the more people go to restaurants, the more COVID-19 cases there are.
Survey: 37 Percent Do Not Have the Money to Pay 2019 Taxes, Despite Deadline Extension

By:

Chris Gaetano
|
Jun 26, 2020

Moving the tax deadline from April to July was only a temporary reprieve for many, as a recent survey has found that 61 percent are concerned that paying their 2019 taxes will put them in debt, including 37 percent who say they can't pay at all.
Germany's Wirecard Collapses, Unsure of Own Survival

By:

Chris Gaetano
|
Jun 25, 2020

German fintech company Wirecard, the subject of a major accounting scandal involving an almost-assuredly fictitious $2 billion, has declared itself insolvent and is unsure of its own survival as a going concern.

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Latest Articles

Technical Glitch Temporarily Leaves Chase Customers With Incorrect Balances

Lending Pulls Back, as It Becomes Increasingly Unclear Who Is Creditworthy

The 2020 NYSSCPA Awards: Education Award Winner Jack Angel Focuses on ‘Nuts and Bolts’ of Profession

The 2020 NYSSCPA Awards: Distinguished Service Award Winner Sidney Kess Recognized for Phenomenal Contributions to the Society

The 2020 NYSSCPA Awards: Industry Award Winner Janet T. Verneuille Dedicated to Helping Fellow Practitioners Stay Current

The 2020 NYSSCPA Awards: Public Service Award Winner Lorraine P. Wolch Applies CPA Skills to Community Philanthropies

Financial Regulators Loosen Certain Rules on Banks While Introducing Other Restrictions

Credit Card Data Reveals Link Between Restaurant Spending, COVID-19 Outbreaks

Survey: 37 Percent Do Not Have the Money to Pay 2019 Taxes, Despite Deadline Extension

Germany's Wirecard Collapses, Unsure of Own Survival

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