Latest Articles

  • Workplace Rivalries on the Rise

    By:
    Chris Gaetano
    |
    Aug 13, 2020
    A recent poll has found that people are feeling more competitive with their colleagues.
  • Jobless Claims Dip Below 1 Million for First Time Since March

    By:
    Chris Gaetano
    |
    Aug 13, 2020
    The U.S. Department of Labor reported that 963,000 more people applied for initial jobless benefits last week, the first time this figure has dipped below one million since March.
  • Key Wirecard Executive on Run From Law, Facing Massive Fraud Charges

    By:
    Chris Gaetano
    |
    Aug 13, 2020
    Have you seen Jan Marsalek, a former Wirecard executive who is said to have been a key architect of the now-defunct firm's multi-billion dollar revenue inflation? The Wall Street Journal said he is on the run from authorities, who have so far failed to located him in a worldwide search.
  • Market Rallies Translating Into Fewer Jobs

    By:
    Chris Gaetano
    |
    Aug 12, 2020
    With stock markets remaining at puzzlingly high levels, businesses are starting to turn furloughs into permanent layoffs as they believe they don't actually need these workers after all.
  • Chinese Firms Will Have Until 2022 to Comply With U.S. Accounting Standards

    By:
    Chris Gaetano
    |
    Aug 12, 2020
    Treasury Secretary Steven Mnuchin said that the Securities and Exchange Commission (SEC) will soon adopt a recommendation made by the White House that Chinese companies must comply with U.S. accounting rules, else be delisted from the country's exchanges.
  • Study Finds Many Commercial Tenants Oversold Ability to Make Payments

    By:
    Chris Gaetano
    |
    Aug 12, 2020
    A study recently published by the National Bureau of Economic Research said that many commercial property tenants overstated their financial positions before the pandemic, and are now suffering for it as the economy collapses around them.
  • Payroll Tax Deferral Causing Uncertainty Among Businesses

    By:
    Chris Gaetano
    |
    Aug 11, 2020
    The White House's recent executive order to defer the collection of payroll taxes has led to ucertainty and confusion on the part of business owners who are wondering how to respond.
  • Study Finds Cutting Unemployment Benefits Results in Major Spending Reductions

    By:
    Chris Gaetano
    |
    Aug 11, 2020
    A recent study published by the National Bureau of Economic Research has found that cutting the federal supplements to state unemployment insurance payments sharply reduces spending, which is bad news for the businesses they would have otherwise patronized.
  • New IRS Regs Provide Safe Harbors on SALT Deduction Cap

    By:
    Chris Gaetano
    |
    Aug 11, 2020
    The IRS released new regulations that provide safe harbors for charitable contributions to state entities made by those expecting to reduce their state and local tax burden.
  • Regulatory Roundup - Aug. 4-10

    By:
    Chris Gaetano
    |
    Aug 10, 2020
    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.