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In this Issue: November 2016
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 practitioners has been conducted by authors Susan Anders...
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Top Choices in Tax Software
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 research software provided resources that...
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The Small Business Administration’s Hurricane Sandy Disaster Loan Program
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 owners may not be aware, however, that...
View ArticleWhen Reckless Executives Become Dangerous Fraudsters: Reward Structures and...
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 independent...
View ArticleWhen Standards Aren’t So Standard
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 expense of any sense of uniformity or...
View ArticleAUD | Searching for Buried Treasure
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 in auditing practice and procedure. Levy...
View ArticleSLT | NY Residency Audits and Electronic Data Records
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 surprised to learn that under New York tax law, the individual may be...
View ArticlePFP | Using Warren Buffett’s Rules to Assist Individual Investors
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 most successful long-term investors of all time is Warren...
View ArticleTFA | Tax Planning after the Death of a Spouse
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 lead to additional...
View ArticleMYP | Building a Firm Culture to Attract Millennials
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 explore their innovative office layouts and the...
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A Case Study on the Effects of Program Accounting
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 methods for...
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Free Cash Flow and Business Combinations
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 Flows, in 1987. Previously,...
View ArticleSales and Use Tax
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” (Corey Rosenthal, Patrick Duffany, and Scott...
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Survival of the Fittest
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 most respected and widely read national accounting practice...
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Recommended Resources for Tax Practitioners
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). Three free resources that received multiple votes were the...
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Forté Capital’s Selected Statistics
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 demand, home sales...
View ArticleTax & Accounting Update
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is a quick-reference guide to the most...
View ArticleTPP | U.S. Requirements for Foreign Pension Plans
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 interest in a foreign pension plan or other...
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