The migration of workers into and out of the United States is a fact of the modern interconnected world. Consequently, many U.S. taxpayers acquire an…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
Existing Home Sales Annualized, seasonally adjusted existing home sales were 5.47 million in September, well above the forecast of 5.31 million. Thanks to increased single-family…
New York State CPAs responding to the 2016 annual tax software survey indicated that they made use of a variety of websites (see page 18).…
Good times are here again. At least, it looks like “good times,” according to the recent release of the 2016 Rosenberg Survey, one of the…
Sales and Use Tax
Updates on an Ever-Changing Environment
In May 2015, The CPA Journal published “Developments in the Sales Tax of Electronic Commerce: Recent and Proposed Legislation in New York Sets the Agenda”…
Cash flow statements began appearing in corporate reports almost 30 years ago, after FASB issued Statement of Financial Accounting Standards (SFAS) 95, Statement of Cash…
A Case Study on the Effects of Program Accounting
Boeing vs. Airbus
A significant question in accounting and financial research is how investors and creditors evaluate the performance of companies within an industry whose members utilize alternative…
On a recent trip to San Francisco to attend an accounting software conference, this author had a chance to visit various Silicon Valley companies and…
When a spouse dies, the surviving spouse often goes through a period of emotional upheaval. Nevertheless, the other proverbial certainty—taxes—remains. Missteps can be costly and…
One of the functions of a CPA financial planner is to help individuals formulate an investment plan based on their long-term goals. One of the…
An individual who lives outside of New York and maintains a home, apartment, or room in New York that is usable all year may be…
AUD | Searching for Buried Treasure
The Elusive Completeness Assertion for Revenue
Editor's Note: This month marks the introduction of a new column, Auditing, that will feature column editor Howard B. Levy's incisive take on selected issues…
CPAs can be forgiven for thinking there are more standards, and standards setters, to follow than ever before. The recent proliferation has come at the…
When Reckless Executives Become Dangerous Fraudsters: Reward Structures and Auditing Procedures Need to Be Reformed to Deter ‘Dark Triad’ Personalities
2016 Max Block Award Winner: Outstanding Article in the Area of News & Views/Opinion
At its foundations, auditing is about verifying the assertions that find expression through the numbers presented in the financial statements, performed by well-qualified, competent, and…
The Small Business Administration’s Hurricane Sandy Disaster Loan Program
Now Re-Open for Business
In Brief Hurricane Sandy was one of the most devastating natural disasters in U.S. history, and many businesses have still not recovered. Many affected business…
Top Choices in Tax Software
2016 Annual Survey of New York State Practitioners
In Brief New York State CPAs faced significant challenges during the 2016 tax season, but maintained their focus on serving their clients. Tax preparation and…
This month's cover story is our annual survey of tax preparation and research software. This marks the 15th year this survey of New York tax…