Latest Articles

  • Regulatory Roundup - June 8-14

    By:
    Chris Gaetano
    |
    Jun 14, 2021
    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.
  • Private Equity Tax Maneuvers Have Insulated Industry from IRS

    By:
    Chris Gaetano
    |
    Jun 14, 2021
    The New York Times has published an investigative report about how the private equity industry and its players have developed sophisticated tax-avoidance strategies to protect their vast profits.
  • House Lawmakers Introduce Bill to Make Accounting Part of STEM Education

    By:
    Chris Gaetano
    |
    Jun 14, 2021
    Rep. Victoria Spartz (R-Ind.) and Rep. Haley Stevens (D-Mich.) have introduced a bill, the Accounting STEM Pursuit Act, which would essentially classify accounting as a science, technology, engineering and math (STEM) profession.
  • SEC Charges Former Dentist with Securities Fraud

    By:
    Chris Gaetano
    |
    Jun 14, 2021
    The Securities and Exchange Commission (SEC) charged a former dentist from Florida, Edgar M. Radjabli, and the two entities he controls, with an escalating series of securities frauds.
  • Represent New York State on the AICPA Council: A Call for Nominations

    By:
    Thomas S. Pirro, NYSSCPA Secretary/Treasurer
    |
    Jun 11, 2021
    In October 2021, the NYSSCPA Board of Directors will submit the names of three individuals to the AICPA's Nominations Committee, which nominates members for election to the AICPA Council. Those nominees, once duly elected, will each serve three-year terms beginning May 2022 on the approximately 265-person governing council. In addition, one person will be designated by the Society to serve a one-year term as its representative to the council, also beginning May 2022.
  • IRS Tax Leak Investigation Grows

    By:
    Chris Gaetano
    |
    Jun 11, 2021
    An investigation into the leak of IRS documents, which allowed ProPublica to report on the mechanisms by which the ultra-wealthy are able to pay little to no income tax, is now being joined by several federal agencies.
  • NYS Launches $800M Small Business Grant Program

    By:
    Chris Gaetano
    |
    Jun 11, 2021
    A new $800 million New York state program for small businesses to recover from the pandemic's economic damage will be open to applications starting Thursday, June 17.
  • CEO-to-Worker Pay Ratio Widened Last Year

    By:
    Chris Gaetano
    |
    Jun 11, 2021
    While 2020 was a time of major economic insecurity for tens of millions throughout the country, the nation's wealthiest CEOs did not just fine but great, as pay for chief executives increased by 14.1 percent.
  • Nominating Committee Seeks Members for 2022

    By:
    Thomas S. Pirro, NYSSCPA Secretary/Treasurer
    |
    Jun 11, 2021

    Are you interested in helping to select who will serve on next year’s NYSSCPA Board of Directors? If so, consider serving on the Society’s Nominating Committee. This year’s 11-person Nominating Committee will be recommending a president-elect; five vice presidents; a secretary/treasurer; five at-large directors; and directors from the Mid Hudson, Northeast, Queens/Brooklyn, Rockland and Utica chapters. These nominees are then presented to the membership in a proxy ballot that is sent out in April.

  • House Republican Launches Investigation Into PCAOB Chair Dismissal, Calls Move Partisan

    By:
    Chris Gaetano
    |
    Jun 10, 2021
    Rep. Patrick McHenry (R-N.C.), the senior Republican on the House Financial Services Committee, announced plans to investigate the recent dismissal of Public Company Accounting Oversight Board Chair William Duhnke III, which he said was a partisan move to politicize the ostensibly independent regulator.