NYSSCPA Elects BDO’s Jan Herringer as President | Accounting Today

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The New York State Society of CPAs has elected Jan Herringer, a partner at BDO USA LLP, as president, effective June 1. Herringer has been a member of the NYSSCPA since 2005. One of her goals as president will be diversity and inclusion within the profession, expanding the work of the NYSSCPA Diversity and Inclusion […]

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Art of Accounting: Tooting your horn | Accounting Today, Edward Mendlowitz

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By – Edward Mendlowitz Published – June 18 2018, 3:34 pm EDT One thing I am good at is leveraging something I did. Leverage in this case means benefiting additionally from what you’ve done. There are also many ways to use leverage. Here are some things I’ve done. • If I have completed a particularly complicated […]

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The Right Trust Can Yield Tax Advantages For Wealthy Clients

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APRIL 30, 2018 • JEFF STIMPSON High-net-worth clients with estates worth more than $11.18 million per taxpayer must still pay estate taxes under reform. Such clients looking to pass on wealth may now want to look at non-grantor trusts, potentially more attractive due to the Tax Cuts and Jobs Act. In a non-grantor arrangement, the trust owns […]

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Art of Accounting: ‘What’s a CD?’

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Early on in my career I met with a widow to review her finances and plan her cash flow after her husband’s death. One of her two daughters was also at every meeting. I knew the husband very well, but had never met his wife or children, and was aware of her being very risk […]

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Art of Accounting: The rest of the year begins the day after the day after tomorrow | Accounting Today

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Tax season ended April 17th and hopefully you took of April 18, so you’ll be ready to start the rest of the year. How will you manage this? Read more…

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How Did the Big Four Auditors Get $17 Billion in Revenue Growth? Not From Auditing | WSJ

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Consulting is now a cash cow for accounting firms, raising concerns about conflicts of interest At the Big Four accounting firms—Deloitte, PricewaterhouseCoopers, Ernst & Young, and KPMG—total global revenue from consulting and advisory work now exceeds traditional auditing, where revenue has been relatively flat. PHOTO: REUTERS(2); ZUMA PRESS(2) By Michael Rapoport April 7, 2018 7:00 a.m. ET […]

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Non-CPA Firm Ownership: From Nice to Have to Have to Have

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By  Joanne S. Barry, CAE March 2018   The idea that CPA firms would allow non-CPAs to own a minority stake in a CPA firm and then refer to these non-licensees as “partners” was once a hotly debated topic within the profession. Now, nearly 25 years after Nebraska became the first state to do so, allowing non-CPAs […]

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Art of Accounting: Training A New Tax Specialist | Accounting Today

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By Edward Mendlowitz Published March 19 2018, 10:46am EDT The following is some of the advice I give when I train or mentor a new tax specialist: To build awareness of what they need to know, they need to peruse every journal or tax service they subscribe to. (If you are not going to go […]

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How To Keep Your Tax Preparer From Hating You | USA Today

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Sallie Mullins Thompson and Anil Melwani (Manhattan/Bronx) Published 8:32 a.m. ET Feb. 26, 2018 | Updated 8:36 a.m. ET Feb. 26, 2018 How to keep your tax preparer from hating you Tina Orem, NerdWallet.comPublished 8:32 a.m. ET Feb. 26, 2018 | Updated 8:36 a.m. ET Feb. 26, 2018 With tax deadline approaching, the number one question to […]

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AICPA’s Professional Ethics Executive Committee (PEEC) | Audit Conduct

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AICPA’s Professional Ethics Executive Committee (PEEC) held an open meeting on 2/13/18. Highlights appear in Cathy Allen’s blog, Click here to read.

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