Latest Articles

  • IRS No Longer Counting In-Game Cash as Cryptocurrency, Admits Error

    By:
    Chris Gaetano
    |
    Feb 14, 2020
    The IRS has admitted it erred when counting certain in-game currencies like Fortnite's V-bucks as cryptocurrencies akin to Bitcoin. 
  • 27 Percent Have Dated a Co-Worker; Of Those, 27 Percent Dated a Superior

    By:
    Chris Gaetano
    |
    Feb 14, 2020
    A recent poll of 696 employees has found that 27 percent have, at some point or another, had some sort of romantic involvement with a co-worker. Of those who did, 27 percent percent said it was with someone higher up in their organization, such as the person's boss, and 20 percent said it was with someone lower in their organization, such as a direct report. 
  • TIGTA: Taxpayers Can Pay With Cash, But Few Do

    By:
    Chris Gaetano
    |
    Feb 13, 2020
    The Treasury Inspector General for Tax Administration (TIGTA) has issued a report saying that the IRS program allowing people to pay their taxes in cash is user-friendly and efficient, but that hardly anyone ever uses it. 
  • U.S. Household Debt Reaches New Record: $14 Trillion

    By:
    Chris Gaetano
    |
    Feb 13, 2020
    U.S. households now hold a total of $14 trillion of debt, a new high. 
  • Govt. Report Says Labor Unrest Reaching Record Levels

    By:
    Chris Gaetano
    |
    Feb 12, 2020
    The Bureau of Labor Statistics has reported that the year 2019 saw 25 major work stoppages involving 1,000 or more workers and lasting at least one shift, well above the past decade's average of 15 per year. 
  • Insurance Prices Rising Fast, Unlikely to Stop Anytime Soon

    By:
    Chris Gaetano
    |
    Feb 12, 2020
    Insurance prices are rising fast in all sectors, as providers struggle to contain costs, which have begun eating into business profits. 
  • Study Finds Robot Stock Pickers Outperform Humans

    By:
    Chris Gaetano
    |
    Feb 11, 2020
    In one of the first formal studies of its kind, researchers have found that, over the long term, robots outperform humans when it comes to choosing investments. They not only find good picks more often, they do so faster and more cheaply than people. 
  • White House Proposes Eliminating the PCAOB

    By:
    Chris Gaetano
    |
    Feb 11, 2020
    The White House has proposed eliminating the Public Company Accounting Oversight Board (PCAOB) entirely as part of its budget plan. 
  • U.S. Govt. Charges Four Members of Chinese Military With 2017 Equifax Hack

    By:
    Chris Gaetano
    |
    Feb 10, 2020
    The U.S. Department of Justice has laid blame for the 2017 Equifax hack, which exposed the personal information of hundreds of millions of people worldwide, on a quartet of hackers employed by China's People's Liberation Army. 
  • Regulatory Roundup - Feb. 4-10

    By:
    Chris Gaetano
    |
    Feb 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.