Latest Articles

  • House Approves Measure Allowing Vacation Time in Lieu of Overtime Pay

    By:
    Chris Gaetano
    |
    May 4, 2017
    Right now if you work overtime, you get time and a half pay. But the House of Representatives recently approved a measure that, if signed into law, would give employers the choice of offering vacation time instead. 
  • One Settlement in Ongoing Legal Battle over Andersen Name

    By:
    Chris Gaetano
    |
    May 3, 2017

    Fifteen years after the collapse of Arthur Andersen, two firms are now battling in court over which is the true heir to its brand name, despite its associations with the Enron scandal, one of the largest accounting frauds of all time. However, on April 19, Andersen Tax announced that a settlement had been reached with MoHala Enterprises, which was running French firm Andersen International's U.S. offices. Litigation against other firms affiliated with the French firm over the name is ongoing.

     

  • Jay Clayton Approved as New SEC Chair

    By:
    Chris Gaetano
    |
    May 3, 2017
    The Senate approved corporate attorney Jay Clayton last night as the new chair of the Securities and Exchange Commission. 
  • SEC Settles With Korean Semiconductor Company Over Accounting Fraud Charges

    By:
    Chris Gaetano
    |
    May 3, 2017
    The Securities and Exchange Commission has agreed to a settlement with South Korean semiconductor company over charges that it overstated revenues for two years in a row to meet high-pressure sales targets. 
  • 15 Years After Enron, Arthur Andersen Brand Resurges

    By:
    Chris Gaetano
    |
    May 2, 2017

    Given the Arthur Andersen brand’s association with a major accounting fraud, one might think the name would have too much baggage to be something a company would want to take on, let alone fight for in court. And for a while, it was, according to Mark L. Vorsatz, CEO of Andersen Tax and an alumnus of the original Arthur Andersen firm.

  • Regulatory Roundup: April 26-May 2

    By:
    Zach Simeone & Ruth Singleton
    |
    May 2, 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.

  • Survey: Fake Financial News Having Deleterious Impact on Decision-Making

    By:
    Chris Gaetano
    |
    Apr 28, 2017
    A recent survey has found that more than half of Americans, 58 percent, say that the proliferation of fake financial news, such as sponsored content that masquerades as a legitimate news post, is a serious threat to their financial decision making. 
  • New Study Finds You Can Consume About 4 Mugs of Coffee Per Day

    By:
    Chris Gaetano
    |
    Apr 28, 2017
    A team of scientists examined 700 different studies about how much caffeine is too much, and found that, in general, the answer is about 400 milligrams, which translates into about four eight-ounce diner mugs per day. 
  • White House Unveils Tax Reform Plan

    By:
    Chris Gaetano
    |
    Apr 27, 2017
    The White House released its proposed plan for tax reform, which the administration has branded "The Biggest Individual And Business Tax Cut in American History."
  • Study: Thanking People At End of Emails Makes Them More Likely to Respond

    By:
    Chris Gaetano
    |
    Apr 27, 2017
    A study of over 350,000 email threads analyzed an email scheduling company has found that you're most likely to get a response if you end your emails with a thank you.