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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Quite Correct by Aaron Elstein | Crain’s New York Business

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Aaron Elstein, Senior Reporter, Crain’s  NY Business and Accountants Club speaker on December 2, 2015 opines on the stock market. The stock market is “correcting”. I’m not entirely clear why corrections take place only when markets fall, but such are the ways of Wall Street. Albany gets nearly 20% of its tax revenue from the […]

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Underfunded IRS Swamped with Problems | CPA Trendlines

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Not a good way to start Tax Season 2018. An angry and frustrated National Taxpayer Advocate Nina E. Olson has slammed Congress hard in the Taxpayer Advocate Service 2017 Annual Report to Congress. After a series of IRS budget cuts over the last several years, Olson says she sees the daily consequences of reduced funding […]

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NYSSCPA Announces Member Nominees for 2018-2019 Board of Directors

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Congratulations to Sal Collemi on his nomination to become a Vice President of the New York State Society of CPAs.

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