• Study: CC'ing the Boss Says 'I Don't Trust You'

    By:
    Chris Gaetano
    |
    Apr 20, 2017
    Recent research has found that looping your boss into an email thread with a co-worker sends a strong signal of mistrust that rubs people the wrong way. 
  • House Republicans Unveil Proposed Dodd-Frank Rollback

    By:
    Chris Gaetano
    |
    Apr 19, 2017
    The chair of the House Financial Services Committee unveiled his party's plan for rolling back to the reforms made by the Dodd-Frank Act, which, among other things, gives the president far more discretion over regulatory agencies originally meant to be independent of the White House. 
  • Trump Orders Review of H1-B Visas

    By:
    Chris Gaetano
    |
    Apr 19, 2017
    Donald Trump signed an executive order calling for a comprehensive review of the H1-B visa system, which he believes allows companies to undercut American workers. 
  • Cash Only: Legal Marijuana Companies Must Use Thick Stacks of Bills to Pay Taxman

    By:
    Chris Gaetano
    |
    Apr 18, 2017
    While marijuana is legal in several states, the federal government still recognizes it as an illicit substance. This isn't to say, though, that it doesn't want a cut of the industry's profits. The problem, according to CNBC, is that drug laws require that these taxes be paid entirely in cash, which can create a number of logistical problems all for the sake of paying taxes, something most people don't want to do anyway. 
  • GOP Tax Reform Plan Could Ax State and Local Tax Deduction

    By:
    Chris Gaetano
    |
    Apr 18, 2017
    While Republicans are generally known for supporting tax breaks, one has been in their crosshairs for some time, and could be a casualty of the party's tax reform plan: the federal deduction for state and local tax payments. 
  • Regulatory Roundup: April 12-18

    By:
    Chris Gaetano
    |
    Apr 18, 2017
    With so many regulators out there, it can be tough to keep track of everything they say from week to week. Luckily, we here at The Trusted Professional have collected relevant regulatory announcements from the past week and put them here in one place to help you stay on top of regulatory issues or matters.
  • Six-Hour Workday Experiment Produced Healthier Workers, Better Service But At Higher Costs

    By:
    Chris Gaetano
    |
    Apr 17, 2017
    For two years an elder care center in Sweden experimented with a six-hour workday, finding that nurses with shorter hours took fewer sick days and delivered better quality service, though the facility eventually returned everyone to eight hour shifts due to the increased costs the experiment produced. 
  • NYS Arrests 9 Preparers in Tax Fraud Crackdown

    By:
    Chris Gaetano
    |
    Apr 17, 2017
    The New York State Department of Taxation and Finance announced nine arrests in a crackdown on unethical tax preparers, which uncovered fraud schemes involving inflated refunds, fake dependents, and excessive deductions. 
  • Senator Says Alpacas Basically Big, Fuzzy Tax Shelters

    By:
    Chris Gaetano
    |
    Apr 13, 2017
    While certainly cuter than the state of Delaware or a Swiss bank account, Senator Jeff Flake (R - Arizona) said alpacas in the U.S. are basically just living tax shelters that people buy not to get into the nascent alpaca wool industry but to take advantage of tax loopholes to lower their bills. 
  • Sylvester Stallone Sues Over Lack of Accounting for 'Demolition Man' Profits

    By:
    Chris Gaetano
    |
    Apr 13, 2017
    Action star Sylvester Stallone is suing Warner Brothers over how the studio accounted, or rather didn't account, for the profits of the 1993 film Demolition Man. 
  • Study: Need Something Done? Skip the Email, Ask Face-to-Face

    By:
    Chris Gaetano
    |
    Apr 12, 2017
    A recent study has found that you're more likely to get someone to do something if you ask them in person rather than through email. 
  • Poll: Firms Want More Involved Controllers, But Don't Always Know How

    By:
    Chris Gaetano
    |
    Apr 12, 2017
    Similar to the CFO, many companies are expecting the controller role to go beyond its traditionally operational functions and be a more active player in strategic planning and initiatives, but a a recent survey has found that many companies aren't exactly sure what that means. 
  • Poll: 20 Percent Would Get an IRS Tattoo If It Meant Not Having to Pay Taxes

    By:
    Chris Gaetano
    |
    Apr 11, 2017
    A recent poll has found that, if it meant never having to worry about taxes ever again, about 20 percent of people would get an IRS tattoo somewhere on their body. 
  • E&Y Leads Pack in Public Company Audits

    By:
    Chris Gaetano
    |
    Apr 11, 2017
    Big Four firm Ernst and Young currently does more public company audits than any other CPA firm, enjoying a generous lead over even its closest competitor in this arena, PwC. 
  • Regulatory Roundup: April 5-11

    By:
    Chris Gaetano
    |
    Apr 11, 2017
    With so many regulators out there, it can be tough to keep track of everything they say from week to week. Luckily, we here at The Trusted Professional have collected relevant regulatory announcements from the past week and put them here in one place to help you stay on top of regulatory issues or matters.
  • Head of KPMG Audit Practice, Five Others Fired Amid Probe of PCAOB Leak

    By:
    Chris Gaetano
    |
    Apr 11, 2017
    Scott Marcello, the head of KPMG's audit practice, and five others in the firm have been fired after the PCAOB began investigating the leak of its confidential inspection plan for the Big Four firm.
  • Indian Authorities Arrest Ringleader of IRS Impersonator Scam

    By:
    Chris Gaetano
    |
    Apr 10, 2017
    Indian authorities arrested a man they say was behind a wave of scam phone calls from people claiming to be from the IRS, which swindled millions of dollars from its victims in the U.S. 
  • SEC Cracks Down on Paid Advertisements Disguised As Independent News

    By:
    Chris Gaetano
    |
    Apr 10, 2017
    The Securities and Exchange Commission (SEC) filed enforcement action against 27 entities and individuals who hired writers to promote their stocks but then failed to disclose they had done so, leading readers to believe the paid promotions were impartial news. 
  • More Americans Work At Big Firms Than Small Ones

    By:
    Chris Gaetano
    |
    Apr 7, 2017
    For generations, if you were a worker in the U.S., it was very likely that you were employed by a small business with fewer than 100 people. In the wake of the economic crisis of 2008, however, this is no longer the case, as large and very large companies now employ a larger percentage of the population than mid-sized or small businesses. 
  • What's Your Tax Data Worth? About Fifty Bucks

    By:
    Chris Gaetano
    |
    Apr 7, 2017
    While identity theft can be a very expensive crime for its victims, it's actually quite cheap for its perpetrators, as buying packages of pilfered tax data will set them back only about $40 or $50 at the most, with some going as cheaply as eight dollars. 

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