Latest Articles

  • AICPA Releases Proposed Auditing Standards for ERISA Employee Benefit Plans

    By:
    Chris Gaetano
    |
    Apr 21, 2017
    The AICPA has released an exposure draft outlining proposed standards for audits of employee benefit plans subject to ERISA (Employee Retirement Income Security Act). 
  • World Gold Council Releases Proposed Guidance on Accounting for Gold

    By:
    Chris Gaetano
    |
    Apr 21, 2017
    The World Gold Council, an international market development organization for the gold industry, has released proposed guidance on accounting for gold. 
  • Republicans Ready for Round 2 on Obamacare Repeal Efforts

    By:
    Chris Gaetano
    |
    Apr 20, 2017
    Republicans are trying once again to repeal the Affordable Care Act and replace it with something more to their liking, with the hopes that a new, slightly tweaked proposal will close the rifts that made their first effort crash and burn. 
  • Study: CC'ing the Boss Says 'I Don't Trust You'

    By:
    Chris Gaetano
    |
    Apr 20, 2017
    Recent research has found that looping your boss into an email thread with a co-worker sends a strong signal of mistrust that rubs people the wrong way. 
  • House Republicans Unveil Proposed Dodd-Frank Rollback

    By:
    Chris Gaetano
    |
    Apr 19, 2017
    The chair of the House Financial Services Committee unveiled his party's plan for rolling back to the reforms made by the Dodd-Frank Act, which, among other things, gives the president far more discretion over regulatory agencies originally meant to be independent of the White House. 
  • Trump Orders Review of H1-B Visas

    By:
    Chris Gaetano
    |
    Apr 19, 2017
    Donald Trump signed an executive order calling for a comprehensive review of the H1-B visa system, which he believes allows companies to undercut American workers. 
  • Cash Only: Legal Marijuana Companies Must Use Thick Stacks of Bills to Pay Taxman

    By:
    Chris Gaetano
    |
    Apr 18, 2017
    While marijuana is legal in several states, the federal government still recognizes it as an illicit substance. This isn't to say, though, that it doesn't want a cut of the industry's profits. The problem, according to CNBC, is that drug laws require that these taxes be paid entirely in cash, which can create a number of logistical problems all for the sake of paying taxes, something most people don't want to do anyway. 
  • GOP Tax Reform Plan Could Ax State and Local Tax Deduction

    By:
    Chris Gaetano
    |
    Apr 18, 2017
    While Republicans are generally known for supporting tax breaks, one has been in their crosshairs for some time, and could be a casualty of the party's tax reform plan: the federal deduction for state and local tax payments. 
  • Regulatory Roundup: April 12-18

    By:
    Chris Gaetano
    |
    Apr 18, 2017
    With so many regulators out there, it can be tough to keep track of everything they say from week to week. Luckily, we here at The Trusted Professional have collected relevant regulatory announcements from the past week and put them here in one place to help you stay on top of regulatory issues or matters.
  • Six-Hour Workday Experiment Produced Healthier Workers, Better Service But At Higher Costs

    By:
    Chris Gaetano
    |
    Apr 17, 2017
    For two years an elder care center in Sweden experimented with a six-hour workday, finding that nurses with shorter hours took fewer sick days and delivered better quality service, though the facility eventually returned everyone to eight hour shifts due to the increased costs the experiment produced.