Latest Articles

  • Report Finds More Than Half of Women Prefer Deferring to Spouse on Financial Decisions

    By:
    Chris Gaetano
    |
    May 30, 2018
    A recent report from UBS has found that 56 percent of married women would rather defer to their spouse when it comes to making financial decisions and investments. 
  • States Vow to Fight IRS Efforts to Nix State-Funded Charities as SALT Cap Fix

    By:
    Chris Gaetano
    |
    May 29, 2018
    The state governments of New York and New Jersey are responding negatively to a notice from the IRS strongly suggesting that it will not accept as valid charitable contributions made to state-run nonprofits as a way to mitigate the impact of the Tax Cuts and Jobs Act's state and local tax (SALT) deduction cap. 
  • PCAOB Director of Enforcement and Investigations, Claudius Modesti, Announces Plans to Leave

    By:
    Chris Gaetano
    |
    May 29, 2018
    Claudius Modesti, the Director of Enforcement and Investigations for the Public Company Accounting Oversight Board (PCAOB), will be leaving the organization after 14 years of service. 
  • Regulatory Roundup: May 23-29

    By:
    Chris Gaetano
    |
    May 29, 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 ‚Äč‚Äčannouncements from the past week, and puts them in one place to help you stay on top of the issues.   
  • Study: Big Four Fees Grow with Tenure

    By:
    Chris Gaetano
    |
    May 24, 2018
    A recent study has found that audit fees from Big Four firms grow the longer they're with a client. 
  • Finance Professionals on Average Got 4.3 Percent Raise in 2017

    By:
    Chris Gaetano
    |
    May 24, 2018
    Finance professionals in general got an average raise of 4.3 percent last year, with chief financial officer pay increasing by 5.7 percent in the same period. 
  • IRS Warns of Scammers Posing as Accounting or Professional Organizations

    By:
    Ruth Singleton
    |
    May 24, 2018
    The IRS has issued an alert to tax professionals about phishing emails that appear to come from accounting or professional organizations. The scammers behind these emails targeted, in particular, tax practitioners in Iowa, Illinois, New Jersey and North Carolina.
  • PCAOB Chief Auditor Martin Baumann to Leave at End of Month

    By:
    Chris Gaetano
    |
    May 23, 2018
    The Public Company Accounting Oversight Board (PCAOB) has announced that its chief auditor for 12 years, Martin Baumann, will leave the organization at the end of this month. 
  • Dodd-Frank Rollback Clears Congress, Goes to President

    By:
    Chris Gaetano
    |
    May 23, 2018
    With a 258-159 vote in the House of Representatives last night, Congress passed a bill rolling back many of the protections installed by the Dodd-Frank Act in the immediate aftermath of the 2008 economic crisis; the bill now goes to the president's desk for final signature. 
  • IRS Strongly Suggests Against Donating to a State Nonprofit to Mitigate SALT Deduction Cap

    By:
    Chris Gaetano
    |
    May 23, 2018
    The IRS issued a notice saying it plans to release guidance soon in response to efforts by several state governments to mitigate the impact of the $10,000 limit on state and local tax deductions. While specific policies are not mentioned in the notice, it implies that the IRS will not look kindly upon, specifically, people donating to a state-run nonprofit to claim a charitable deduction on federal taxes.