Latest Articles

  • Debt of All Sort Spiked in 2020

    By:
    Chris Gaetano
    |
    Jan 27, 2021
    Whether government, corporation or consumer, credit became the main way to survive 2020, as indicated by spiking debt levels across the entire global economy that, in some cases, surpassed even World War II levels.
  • IRS Introduces New Chief Taxpayer Experience Officer Position

    By:
    Chris Gaetano
    |
    Jan 27, 2021
    The IRS has introduced a new high-level position: chief taxpayer experience officer, with the first person to fill the role being Ken Corbin, currently the IRS Wage and Investment commissioner.
  • Survey Findings Suggest Vaccines May Not be Panacea for Ailing Retailers

    By:
    Chris Gaetano
    |
    Jan 27, 2021
    While a corinavirus vaccine has been held out as the great hope for the global economy, when it comes to the retail sector at least, a recent survey suggests that immunizations may not provide the boost people have been hoping for.
  • Plans Resume to Put Harriet Tubman on $20 Bill

    By:
    Chris Gaetano
    |
    Jan 26, 2021
    The new Biden administration will be resuming efforts to redesign the $20 bill to replace Andrew Jackson with Harriet Tubman.
  • Webinar Speakers: Be Wary, Not All CARES Act Provisions Apply to NYS Tax Law

    By:
    Chris Gaetano
    |
    Jan 26, 2021
    While the CARES Act introduced many changes to how we think of taxes, two speakers at a recent Foundation for Accounting Education webinar said to be careful because some of the changes don't apply at the New York state level.
  • IRS Unveils Online Versions of Forms 2848 and 8821

    By:
    Chris Gaetano
    |
    Jan 26, 2021
    The IRS announced that taxpayers can now file Forms 2848 and 8821 online, an option that it says will help tax professionals remotely obtain signatures from individual and business clients and submit authorization forms electronically.
  • Regulatory Roundup - Jan. 19-25

    By:
    Chris Gaetano
    |
    Jan 25, 2021
    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.
  • Paul Munter to Serve as Acting Chief Accountant for SEC

    By:
    Chris Gaetano
    |
    Jan 25, 2021
    Paul Munter, the deputy chief accountant, will serve as the Security and Exchange Commission's acting chief accountant until a permanent replacement is appointed.
  • Study Says COVID-19 Itself, Not Lockdowns, Main Driver of Job Losses

    By:
    Chris Gaetano
    |
    Jan 25, 2021
    A recent study has found that COVID-19 itself was the main reason behind the record-breaking job losses seen over the course of the pandemic, not the lockdowns imposed by governors to control its spread.
  • U.N. Agency Reports World Lost 255 Million Jobs in 2020, Will Not Recover Fully This Year in Even Rosiest Scenario

    By:
    Chris Gaetano
    |
    Jan 25, 2021
    The United Nations' International Labor Organization reported that the year 2020 saw 255 million full-time jobs lost globally due to the pandemic, or 8.8 percent of all working hours, noting that even the agency's most optimistic projections, it does not see the world employment situation fully recovering this year.