The Trusted Professional | NYSSCPA

 
 
supreme_court
Supreme Court Rules That States Can Tax Online Retailers Without Physical Presence
TPCoverJuneJuly2018
Read the June/July 2018 Issue (pdf)
Read our latest issue!
capital_tp
NYS Passes Bill Mandating CPE for New CPAs
irs
IRS Releases Draft of Postcard-Sized Form 1040
pathways
Melancon Speaks About Alternate Paths to CPA

Latest Articles

  • IRS Begins Denying Passports to Thousands of Americans with Overdue Tax Debt

    By:
    Ruth Singleton
    |
    Jul 6, 2018

    The IRS has started to enforce a 2015 law requiring it to coordinate with the State Department to deny or revoke passports for taxpayers with more than $51,000 of overdue tax debt. The IRS reports that there are more than 362,000 Americans who will be denied new or renewed passports if they don’t pay off these debts.

  • Credit Suisse to Pay $77 Million to Settle SEC, DOJ Bribery Charges

    By:
    Ruth Singleton
    |
    Jul 5, 2018

    Credit Suisse Group AG will pay roughly $30 million to resolve charges that it obtained investment-banking business in the Asia-Pacific region by awarding employment to friends and family of Chinese officials, in violation of the Foreign Corrupt Practices Act (FCPA), the Securities and Exchange Commission announced today. The bank also agreed to pay a $47 million criminal penalty to the U.S. Department of Justice to resolve related charges.

  • Tax Court Denies Marijuana Sellers' Deductions for Non-Marijuana Goods, Citing Poor Record-Keeping

    By:
    Ruth Singleton
    |
    Jul 5, 2018
    The U.S. Tax Court recently ruled against two Colorado medical marijuana retailers who claimed deductions for the administrative expenses of selling non-marijuana merchandise. The court found that the couple did not provide adequate evidence that the non-marijuana goods were sold as part of a separate business.

  • Study Finds Coffee Drinkers Live Slightly Longer

    By:
    Chris Gaetano
    |
    Jul 3, 2018
    A study of half a million British adults found that those who regularly drink coffee, up to eight cups a day, were slightly less likely to die over a 10-year period than those who did not drink coffee at all. 

  • Regulatory Roundup - June 27 - July 3

    By:
    Chris Gaetano
    |
    Jul 3, 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 ​​announcements from the past week, and puts them in one place to help you stay on top of the issues.

  • GAO Report Warns of Aging Tech Infrastructure at IRS

    By:
    Chris Gaetano
    |
    Jul 3, 2018
    The Government Accountability Office, in a recent report, said that the three key technology systems at the IRS are facing significant risks due to their reliance on legacy programming languages, outdated hardware and a shortage of human resources with critical skills. 

  • At $6.3 Trillion, Corporate America Has More Debt Than It Ever Had in All of History

    By:
    Chris Gaetano
    |
    Jul 2, 2018
    U.S. companies have a combined $6.3 trillion of total debt, more than any other time in history, even before the recession. What's more, this figure excludes banks, which would likely add even more to the total. 

  • Over 800 Cryptocurrencies Worth Less Than 1 Cent

    By:
    Chris Gaetano
    |
    Jul 2, 2018
    While cryptocurrencies unbound by any sovereign entity have captured people's imaginations, a recent report found that, as of now, more than 800 are effectively dead in the water, as they are all worth less than 1 cent. 

  • SEC Changes Definition of Smaller Reporting Company, Expands Number Qualifying for Exemptions

    By:
    Chris Gaetano
    |
    Jun 29, 2018
    The Securities and Exchange Commission voted to change the definition of a smaller reporting company, thereby expanding the number of companies that qualify for already-existing exemptions from certain disclosure rules. 

  • Deloitte Board Declines to Back CEO Englebert for Second Term

    By:
    Chris Gaetano
    |
    Jun 29, 2018
    Big Four firm Deloitte's board of directors will not be nominating current CEO Cathy Englebert for a second term, a move that has stunned its partners amid record earnings this fiscal year. 
Page

Trending Articles