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Latest Articles

Survey: Majority of Corporate Directors See ESG Reporting as Essential; Many Take Steps Toward Board Diversity

By:

Ruth Singleton
|
Oct 15, 2021

Almost two thirds of corporate board members endorse environmental, governance and social (ESG) reporting for their companies, according to PwC’s 2021 Annual Corporate Director’s Survey. Fully 64 percent say that ESG is linked to their company’s strategy, compared to only 49 percent last year. Yet only 25 percent say that their board understands ESG risks very well. In addition, an increasing number of directors say that diversity and inclusion (D&I) efforts are good for both their companies and boardrooms, and they recognize the need to build a culture of belonging.
Unemployment Claims Fall to Lowest Level Since Start of Pandemic Lockdowns

By:

Ruth Singleton
|
Oct 14, 2021

The U.S. Department of Labor reported that there were 293,000 initial claims for unemployment benefits during the week ending Oct. 9. That is the lowest number since the week ending March 14, 2020—the start of nationwide lockdowns resulting from the COVID-19 pandemic—when it was 256,000.
Social Security Cost of Living Adjustment Will Be 5.9%, Highest in Four Decades

By:

Ruth Singleton
|
Oct 13, 2021

The Social Security Administration announced that the 2022 cost of living adjustment (COLA) will increase to 5.9 percent, the highest in four decades. The COLA for this year was 1.3 percent.
Workers Return to Offices at Highest Rate Since Start of Pandemic

By:

Ruth Singleton
|
Oct 12, 2021

Although a sharp upturn in COVID-19 cases during the summer forced many businesses to cancel their plans to reopen their offices around Labor Day, now that the number of cases has gone down again, the rate of reopening has risen steadily.
Regulatory Roundup - Oct. 5-11

By:

Ruth Singleton
|
Oct 11, 2021

With so many regulators out here, 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.
NYC Area Ports Experience Backups Due to Global Supply Chain Crunch

By:

Ruth Singleton
|
Oct 11, 2021

Ports in New York City and New Jersey are experiencing unusual delays in unloading goods due to a nationwide shortage of trucks and rail cars.
New York Opens Applications for $125 Million Landlord Relief Fund

By:

Chris Gaetano
|
Oct 8, 2021

New York Gov. Kathy Hochul announced that the state is now taking applications for a $125 million landlord relief fund aimed at helping property owners recover lost rent revenue.
SBA Inspector General Says $4.5 Billion in Pandemic Relief Went to Sole Proprietors Based on Fraudulent or Erroneous Applications

By:

Chris Gaetano
|
Oct 8, 2021

The Office of the Inspector General of the Small Business Administration (SBA) said that the agency improperly sent $4.5 billion of pandemic relief funds to self-employed applicants without Employer Identification Numbers (EINs), including some fraudulently claiming fictitious employees in order to inflate their aid totals.
World Leaders Reach Accord on 15 Percent Global Minimum Corporate Tax

By:

Chris Gaetano
|
Oct 8, 2021

It's official. Leaders of 136 countries have agreed to a deal that imposes a 15 percent global minimum corporate tax, a move intended to discourage venue shopping by firms looking for lower rates.
Congress Closing in on Debt Ceiling Deal

By:

Chris Gaetano
|
Oct 7, 2021

Democrats and Republicans are approaching a deal that will break the weeks-long impasse on the debt ceiling, at least for a little while.

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Latest Articles

Survey: Majority of Corporate Directors See ESG Reporting as Essential; Many Take Steps Toward Board Diversity

Unemployment Claims Fall to Lowest Level Since Start of Pandemic Lockdowns

Social Security Cost of Living Adjustment Will Be 5.9%, Highest in Four Decades

Workers Return to Offices at Highest Rate Since Start of Pandemic

Regulatory Roundup - Oct. 5-11

NYC Area Ports Experience Backups Due to Global Supply Chain Crunch

New York Opens Applications for $125 Million Landlord Relief Fund

SBA Inspector General Says $4.5 Billion in Pandemic Relief Went to Sole Proprietors Based on Fraudulent or Erroneous Applications

World Leaders Reach Accord on 15 Percent Global Minimum Corporate Tax

Congress Closing in on Debt Ceiling Deal

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