Latest Articles

  • CBO: AHCA Would Save $119 Billion Net, Increase Uninsured by 23 Million

    By:
    Chris Gaetano
    |
    May 25, 2017
    The Congressional Budget Office, calculating the effects of the American Health Care Act, estimates that the bill would save about $119 billion net over a decade ($1.1 trillion in reduced spending minus $992 in reduced revenues) and cause 23 million people to go uninsured over that same time period. 
  • TIGTA: More Than Half of Those Receiving Health Coverage Tax Credit Were Ineligible

    By:
    Chris Gaetano
    |
    May 25, 2017
    The Treasury Inspector General for Tax Administration said that about 57 percent of those the IRS sent Health Coverage Tax Credits to had characteristics that should have disqualified them from the program. 
  • Uber Makes Gross Accounting Error, Owes Drivers Tens of Millions

    By:
    Chris Gaetano
    |
    May 24, 2017
    Rideshare company Uber announced it will be paying its drivers tens of millions of dollars after discovering an accounting error that led the company to take its cut from the gross pay, instead of the net pay as outlined in the terms of service. 
  • Fiduciary Rule Spared the Ax, Will Go Into Effect 2018

    By:
    Chris Gaetano
    |
    May 24, 2017
    An Obama-era labor regulation mandating that retirement investment advisers be bound by fiduciary versus suitability rules will go into effect 2018 despite previous hints from the administration that it would be cancelled. 
  • Regulatory Roundup: May 17-23

    By:
    Chris Gaetano
    |
    May 23, 2017
    ​With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYSSCPA’s regular series that collects relevant regulatory announcements from the past week, and puts them in one place to help you stay on top of the issues.
  • Speaker: Hackers Are on the Offensive, Have Time on Their Side

    By:
    Chris Gaetano
    |
    May 23, 2017
    Andrew Pak, assistant U.S. attorney and computer hacking and intellectual property coordinator in the District of New Jersey, walked his audience at the Foundation for Accounting Education's (FAE) Forensic Accounting and Litigation Services Conference today through the many tools and methods used by criminal hackers across the world and shared some of his tips on how CPAs and their clients can protect themselves. 
  • Study: Alumni Connections to Corporate Boards Help Men Three Times More Than Women

    By:
    Chris Gaetano
    |
    May 22, 2017
    While having alumni connections on corporate boards is a great asset no matter who you are, a recent study says that men benefit about three times more than women. 
  • SEC Accuses Man of Making Bogus Regulatory Filing to Manipulate Stock Price

    By:
    Chris Gaetano
    |
    May 22, 2017
    The Securities and Exchange Commission said that a Virginia-based mechanical engineer concocted an elaborate scheme to make it look like the CFO of a major investment company was making a tender offer for Fitbit stock in order to drive up the price. 
  • IRS Commissioner: ID Theft Cases Dropped Nearly Half

    By:
    Chris Gaetano
    |
    May 19, 2017

    IRS Commissioner John Koskinen, in a recent speech, said that the number of people reporting to the IRS that they were victims of identity theft declined by 46 percent between 2015 and 2016, which he said as a sign that ongoing efforts to stop people from filing false returns are working. 

  • Study: Workplace Injuries More Likely When Earnings Pressure Rises

    By:
    Chris Gaetano
    |
    May 19, 2017
    A recent study has found that workplace injuries are more common when the company faces pressure to meet earnings expectations.