Chief Financial Officers have seen their job description expand over the years to include broader responsibilities and more reporting requirements, such as those mandated under…
In Brief To date, “smart contracts” have had only limited use. Nevertheless, they have the power to be transformative, particularly when combined with artificial intelligence…
In Brief Although business's increasing utilization of technology to drive operational decisions has meant a greater reliance on data, it is exceedingly rare that an…
In Brief Corporations have long grappled with the question of how to report the potential impact of climate-related risks on their business. Recent years have…
Our latest issue is all about sustainability, often defined as long-term value creation. For New York State CPAs, that sustainability can show up in various…
In Brief Investors, creditors, and other users of financial information are increasingly looking beyond audited financial statements when making investment decisions. The culture in the…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
In Brief Growing numbers of small and medium-sized enterprises (SME), spanning a range of sectors and geographies, are signaling their commitment to an ESG-rooted integrated…
The trend in today's modern CPA firm is to pursue business cloud accounting services (CAS) and only offer tax returns as an “add-on” service. Many…
Blurring Lines with a Mobile Workforce
Bring Your Own Device, Face Your Own Discipline?
In the realm of information technology, “Bring Your Own Device” (BYOD) is the practice of allowing employees to use personal technology devices such as laptops…
Regulatory Concerns Could Dampen Investor Excitement for Stablecoins
Looking Closely at a Controversial Digital Asset Class
In Brief Stablecoins, a class of digitial asset touted as being more constant in their value than other cybercurrencies, have become increasingly popular in recent…
B Corporations are for-profit entities that not only provide products or services with a goal of earning a profit for its owners, they also contribute…
In Brief Software as a Service (SaaS) has gone from the cutting edge to a core technology for many businesses. But given the wide scope…
The title of this article is more than a little misleading. The future is now—effective CFOs not only know this, they strive to bring the…
European Value Chain Legislation Marches On
Corporate Sustainability Due Diligence Directive Will Impact U.S. Companies
On February 23, 2022, the European Commission adopted a Proposal for a Directive on Corporate Sustainability Due Diligence (CSDD) that addresses social and environmental concerns,…
Operational Compliance in a Highly Regulated Environment
Avoiding Fiduciary Breaches, Regulatory Review, Corrective Contributions, and Monetary Sanctions
Plan administrators named in the plan document, or acting as administration fiduciaries by filing Form 5500, must administer their 401(k) plan in accordance with plan…
Key Personal Income Tax Decision
New York Appeals Court Holds Taxpayer’s Vacation Home Did Not Qualify as ‘Permanent Place of Abode’
In a significant development, a New York appeals court recently held that a taxpayer's vacation home did not, in fact, qualify as a “permanent place…