Latest Articles

  • Regulatory Roundup: Oct. 2-7

    By:
    Chris Gaetano
    |
    Oct 7, 2019
    ​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.
  • 13 Democratic Senators Urge FASB to Expand Income Tax Disclosures

    By:
    Chris Gaetano
    |
    Oct 7, 2019
    Thirteen Democratic U.S. senators have co-authored a comment letter to the Financial Accounting Standards Board (FASB), calling for its proposed update on income tax disclosures to be expanded to mandate country-by-country disclosures of income, assets, number of employees and taxes paid.
  • Study: Complex Rules Are Broken More Often Than Simple Ones

    By:
    Chris Gaetano
    |
    Oct 7, 2019
    A recent study outlined in the Harvard Business Review says that the more complex a rule is, the more likely it will be broken, and that organizations that have already broken a rule once are more likely to break it again, in certain circumstances. 
  • Study Finds More Women Entering High-Paying Majors

    By:
    Chris Gaetano
    |
    Oct 4, 2019
    A working paper from the University of Chicago asserts that much of the gendered earnings gap comes down to what women major in and what jobs they choose to take after graduation, but it noted that over the past few decades, there have been more women entering higher-paying majors and, therefore, higher-paying professions. 
  • Experiment on Universal Basic Income Found People Spent Free Money Mostly on Food

    By:
    Chris Gaetano
    |
    Oct 4, 2019
    An 18-month, privately funded program that started in February and involves 125 people in Stockton, Calif., found that, when you give people $500 of free money to spend each month, the most common thing they spend it on is food. 
  • Credit Suisse Declares Economy in 'Semi-Recession'

    By:
    Chris Gaetano
    |
    Oct 3, 2019
    Credit Suisse, looking at the sluggish pace of economic growth as of late, said that while things aren't as bad as they could be, we're still in what it dubbed a "semi-recession."
  • TIGTA: IRS Has No Process to Determine If Electric Vehicle Credits Go to Right People

    By:
    Chris Gaetano
    |
    Oct 3, 2019
    While the U.S. government has given millions of dollars in tax credits for plug-in electric vehicles, the Treasury Inspector General for Tax Administration (TIGTA) said that the IRS has no process for determining if any of the people receiving those credits actually qualify for them.
  • Former NY Rep. Chris Collins Pleads Guilty to Insider Trading Charges

    By:
    Chris Gaetano
    |
    Oct 2, 2019
    Christopher Collins, who until recently was a member of Congress representing western New York's 27th district, has pleaded guilty to conspiracy to commit securities fraud and lying to the FBI as part of an insider trading investigation that engulfed both himself and his son last year. 
  • Study Finds Those Who Just Barely Missed Victory Can Come Back Stronger and Better Than Even Winners

    By:
    Chis Gaetano
    |
    Oct 2, 2019
    A recent study outlined in the Harvard Business Review suggests that people who just barely miss the mark on an opportunity can endure and eventually outpace the initial winners. 
  • Regulatory Roundup - Sept. 24-Oct. 1

    By:
    Chris Gaetano
    |
    Oct 1, 2019
    ​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.