AT Think

The Internal Revenue Service and the Treasury Department have issued a notice saying they anticipate issuing proposed regulations that would permit a state or local retirement system that is a governmental plan to cover public charter school employees if certain requirements are satisfied.

Accounting may be a profession mostly involving numbers, but for Lynn Hannan, a professor of accounting at the A. B. Freeman School of Business at Tulane University, factors such as psychology, sociology, and economics should also be a top priority.

UHY LLP announced today that it will donate $48,500 to support the 55th Annual Center for Disability Services Telethon at the Holiday Inn Albany (on Wolf Road) this Sunday, January 25.

The Financial Accounting Standards Board is still in the process of deciding whether the revenue recognition standard that it converged last year with the International Accounting Standards Board should be delayed to allow more companies to adjust to it before the new rules take effect in 2017. But that doesn’t mean companies should wait in case there’s a postponement.

According to new statistics gathered by the New York State Education Department, the number of New Yorkers obtaining a Certified Public Accounting license from the state remained constant, albeit lower, in 2014.

The AICPA has recognized Michael Goodman, founder of the Manhattan-based Wealthstream Advisors, as the recipient of the 2014 Personal Financial Planning Distinguished Service Award.

Accountants who offer business valuation services can bring in new business for their practices, although perhaps not as frequently as they would get from more familiar bread-and-butter services.

Last Thursday, BKR International announced the recipients of its annual International Scholarship, awarded to accounting students who look to be successful future leaders. Winners from around the globe received $3,000 to put towards obtaining their professional credentials.

A new report finds that every state tax system, with the exception of the District of Columbia, taxes its poorest residents at significantly higher tax rates than the wealthiest 1 percent of taxpayers.

The AICPA and American Accounting Association (AAA), the founding co-sponsors of the Pathways Commission on Accounting Higher Education, announced major developments in the implementation of the Commission’s recommendations on Thursday.