Latest Articles

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June 6, 2016 

IRS Explains Certified PEO Program

Revenue Procedure 2016-33, posted on IRS.gov, along with temporary and proposed regulations published last month in the Federal Register, carries out legislation enacted in late 2014 requiring the IRS to establish a voluntary certification program for ...

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June 6, 2016 

Increase in Payments Fraud Worries Financial Pros

Eighty-eight percent surveyed believe that payments fraud will become a bigger threat to the financial services sector over the next two to three years. Despite this anticipated increase, just one in 10 attendees felt that an effective ...

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June 3, 2016 

New York CPA Society Names New President

An NYSSCPA member since 1987, Zovistoski has served on the Society’s Board of Directors each year for the past six years—two of them as the Society’s secretary/treasurer. He’s also served as Finance Committee chair and Northeast Chapter president, as ...

 IRS Needs To Clamp Down on Hobby Losses, Says Watchdog

June 3, 2016 

IRS Needs To Clamp Down on Hobby Losses, Says Watchdog

pproximately 1.2 million taxpayers may have used hobby losses to reduce their taxable incomes to potentially avoid paying $2.8 billion in taxes in 2005. The overall objective of the latest review was to determine whether the IRS is taking sufficient ...

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June 3, 2016 

Certify

With Certify, expense reports will give you a thrill instead of a headache. Your employees will love our mobile receipt capture, travel booking, and automated report creation. Your managers will cruise through our simple approval process.

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June 2, 2016 

Execs Worry Over FATCA and CRS Compliance

More than 50 percent of senior executives from multinational financial firms are concerned non-compliance with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) mandates could affect the reputations of their institutions.

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June 2, 2016 

2016 Innovation Awards Announced in L.A.

The winners and finalists for the 13th annual Tax & Accounting Technology Innovation Awards reflect this focus on workflow and automation, which allow firms and their small business clients to operate more efficiently and profitably.