Latest Articles

  • US DOL Delays Fiduciary Rule Implementation, Wants Additional Comments

    By:
    Chris Gaetano
    |
    Mar 2, 2017
    The U.S. Department of Labor said that it will be delaying the implementation of a new rule requiring that retirement investment advisers follow the fiduciary standard versus the more widely-used suitability standard from April to June in order to collect more comments. 
  • Budget Constraints Means Fewer IRS Criminal Investigations Last Year

    By:
    Chris Gaetano
    |
    Mar 1, 2017
    The IRS launched fewer criminal investigations last year, not because suddenly everyone's heart grew three sizes and decided not to commit any crimes, but because there wasn't as much money to do so. 
  • NY Cybersecurity Rules Now In Effect

    By:
    Chris Gaetano
    |
    Mar 1, 2017
    As of March 1, New York's new cybersecurity regulations, which mandate financial institutions take certain actions to better safeguard customer data, are now in effect. 
  • Speakers: Equity Crowdfunding Fills in Gap for Small Businesses

    By:
    Chris Gaetano
    |
    Feb 28, 2017
    It's been less than a year since Securities and Exchange Commission rules allowing for equity crowdfunding went into effect, and already startup companies have raised tens of millions of dollars in seed funding. While this may not seem like much to investors used to hundred million dollar deals, it's meeting a major need for small businesses that have faced growing challenges to raising capital through more traditional channels. 
  • Regulatory Roundup: Feb. 22-28

    By:
    Chris Gaetano
    |
    Feb 28, 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 this past week and put them here in one place to help you stay on top of regulatory issues or matters. 

  • PwC Apologizes for its Role in Steve Harvey Moment at Oscars

    By:
    Chris Gaetano
    |
    Feb 27, 2017
    Big Four firm PricewaterhouseCoopers apologized for its role in the Steve Harvey moment at last night's Oscars, where it was first announced that La La Land had won best picture before the announcers backtracked and said that, in fact, Moonlight was the actual winner. 
  • For 30 Publicly Traded Companies, Some Fiscal Quarters Are Longer Than Others

    By:
    Chris Gaetano
    |
    Feb 27, 2017
    How long is a fiscal quarter? For the vast majority of publicly traded companies, the answer is "13 weeks." But a recent academic paper has revealed that, for a small number of prominent firms, the answer is a little more complicated. 
  • Survey Respondents Believe Automation Threatens Everyone Else's Jobs But Theirs Will Be Safe

    By:
    Chris Gaetano
    |
    Feb 24, 2017
    A recent survey has found that at least some people are wrong about whether automation threatens their job: respondents were secure that a robot couldn't possibly replace them, but felt that everyone else should be worried. 
  • NY Tax Department Clarifies Position on Driver’s License Requirement

    By:
    Chris Gaetano
    |
    Feb 24, 2017

    The New York State Department of Taxation and Finance (NYSDTF) clarified its position Friday on whether practitioners can check the “no applicable ID” box on a return if their client, despite having a valid driver’s license number, refuses to disclose it.

  • Sweden Has Too Much Money, and It's Costing The Government Millions

    By:
    Chris Gaetano
    |
    Feb 23, 2017
    While U.S. tax authorities struggle to close a $400 billion tax gap, Sweden is experiencing the opposite problem: too many people are overpaying their taxes, and the errors could cost the government millions.