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Latest Articles

White House Bans Banks From Russian Debt Sales as Part of Sanctions

By:

Chris Gaetano
|
Apr 16, 2021

President Joe Biden, in a shot across the bow, banned banks and other financial institutions from buying or selling Russian bonds in retaliation for "aggressive and harmful activities by the Government of the Russian Federation."
Trading App Design Creating Nasty Tax Headaches for New Investors

By:

Chris Gaetano
|
Apr 16, 2021

The proliferation of trading apps like RobinHood have allowed people who never would have invested before to play the market, but the way they're designed means it's all but impossible to perform tax maneuvers that traditional investors take for granted.
GASB Proposes Renaming Comprehensive Annual Financial Report Due to Offensiveness of Acronym

By:

Chris Gaetano
|
Apr 15, 2021

The Governmental Accounting Standards Board (GASB) has proposed renaming the "comprehensive annual financial report" (CAFR) to the "annual comprehensive financial report" (ACFR) due to the acronym, when spoken, sounding like "a profoundly offensive term directed at Black South Africans."
DOL: Jobless Claims Reach Lowest Levels Since March 2020

By:

Chris Gaetano
|
Apr 15, 2021

The U.S. Department of Labor (DOL) reported that, last week, 576,000 Americans applied for unemployment benefits. The is the lowest the number has been since the start of the pandemic lockdowns in March 2020.
IRS Says Taxpayers Don't Need to Repay Excess Advance PTC for 2020

By:

Chris Gaetano
|
Apr 15, 2021

The IRS reminded taxpayers that, due to the American Recovery Plan Act, they do not need to repay excess advance payments of the Premium Tax Credit for 2020.
Ponzi Schemer Bernie Madoff Dies in Prison at 82

By:

Chris Gaetano
|
Apr 14, 2021

Infamous fraudster Bernie Madoff, who ran a multibillion-dollar Ponzi scheme for years before the financial crisis led to its sudden and spectacular collapse, died in prison at the age of 82, having served 12 years of his century-and-a-half-long sentence.
IRS Says Monthly Child Tax Credit Payments to Start in July

By:

Chris Gaetano
|
Apr 14, 2021

IRS Commissioner Charles Rettig, speaking before the Senate Finance Committee yesterday, said that the new child tax credit payments, which will be delivered on a monthly basis, will begin in July.
New York House Democrats Demand End to SALT Deduction Cap, Threaten to Oppose Future Bills If Action Not Taken

By:

Chris Gaetano
|
Apr 14, 2021

Seventeen New York House Democrats have decided to play hardball with their own party, saying in a letter to House Speaker Nancy Pelosi and Majority Leader Steny Hoyer that if the House does not take action to remove the $10,000 cap on state and local tax (SALT) deductions, they reserve the right to oppose any future tax legislation that does not contain such a repeal.
Toilet Paper Sales Finally Declining

By:

Chris Gaetano
|
Apr 13, 2021

Americans are finally confident they have enough toilet paper, leading sales to soften after a year of record high demand amid hoarding and the occasional fistfight.
PCAOB Seeking Nominations for New Standards Advisory Group

By:

Chris Gaetano
|
Apr 13, 2021

The Public Company Accounting Oversight Board (PCAOB) is calling for nominations for people to serve on its new Standards Advisory Group.

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Latest Articles

White House Bans Banks From Russian Debt Sales as Part of Sanctions

Trading App Design Creating Nasty Tax Headaches for New Investors

GASB Proposes Renaming Comprehensive Annual Financial Report Due to Offensiveness of Acronym

DOL: Jobless Claims Reach Lowest Levels Since March 2020

IRS Says Taxpayers Don't Need to Repay Excess Advance PTC for 2020

Ponzi Schemer Bernie Madoff Dies in Prison at 82

IRS Says Monthly Child Tax Credit Payments to Start in July

New York House Democrats Demand End to SALT Deduction Cap, Threaten to Oppose Future Bills If Action Not Taken

Toilet Paper Sales Finally Declining

PCAOB Seeking Nominations for New Standards Advisory Group

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