Firm Management

 New York CPA Society endorses new FASB tax proposal

June 17, 2013 

New York CPA Society endorses new FASB tax proposal

The New York State Society of Certified Public Accountants (NYSSCPA) expressed agreement with a proposal from the Financial Accounting Standards Board (FASB) that, if implemented, would standardize the treatment of net operating loss carryforwards or tax credit carryforwards on financial statements.

 Why Some Companies Overhold Cash Reserves

June 12, 2013 

Why Some Companies Overhold Cash Reserves

As some U.S. corporations rankle investors by holding unprecedented levels of cash, research from the University of Michigan indicates that the CEO's prior job experience could have something to do with it.

 Small nonprofits getting cut in healthcare tax credit

June 10, 2013 

Small nonprofits getting cut in healthcare tax credit

Due to the federal budget impasse, certain small non-profits nationwide will see an 8.7 percent cut in a federal tax credit they have received since 2010 for providing health care insurance for their employees.