News

 
  • Bipartisan Group Inches Closer to Infrastructure Deal, Now at $973 Billion

    By:
    Chris Gaetano
    |
    Jun 24, 2021
    A bipartisan group of lawmakers said that they have come to an agreement on the basic framework for a new infrastructure plan, with only certain smaller details left to be hammered out before a final proposal is unveiled.
  • Cuomo Ends State of Emergency

    By:
    Chris Gaetano
    |
    Jun 24, 2021
    Gov. Andrew Cuomo announced yesterday that the state of emergency that has been in effect in New York since the beginning of the pandemic will expire after today.
  • AICPA-IFAC Report: Most ESG Assurance Reports Provide Only Limited Assurance

    By:
    Chris Gaetano
    |
    Jun 24, 2021
    A report on the state of play in the current environmental, social and governance (ESG) arena, authored by the AICPA and the International Federation of Accountants (IFAC), says that the vast majority of assurance reports in this space offer only limited assurance and, what's more, in the United States, the vast majority are completed not by CPA firms but by consultants.
  • PCAOB Puts Pause on New Advisory Standards Group Nominations as It Reassesses Structure

    By:
    Chris Gaetano
    |
    Jun 23, 2021
    The Public Company Accounting Oversight Board (PCAOB) said that it will be putting the nominations process for membership in the recently announced Standards Advisory Group on pause for now, as the organization assesses its stakeholder engagement efforts.
  • Bernie Sanders Proposes Partial Lifting of SALT Deduction Cap

    By:
    Chris Gaetano
    |
    Jun 23, 2021
    Sen. Bernie Sanders (I-Vt.), as part of a budget proposal, has suggested partially raising the $10,000 cap on state and local (SALT) tax deductions, an artifact of the previous administration that has long rankled Democrats.
  • Survey Finds Most States Will Not Tax PPP Loan Forgiveness as Income

    By:
    Chris Gaetano
    |
    Jun 23, 2021
    A survey of state tax departments has found that the majority of states will treat the forgiveness of Paycheck Protection Program (PPP) loans as nontaxable income, but this leaves some unfortunate people in other states, which will not.
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