Latest Articles

  • SEC Proposes Expanding Electronic Filing Requirements

    By:
    Chris Gaetano
    |
    Nov 5, 2021
    The Securities and Exchange Commission (SEC) has proposed expanding the number of forms that must be filed electronically. 
  • White House Says Vaccine Mandate Will Go Into Effect Jan. 4

    By:
    Chris Gaetano
    |
    Nov 4, 2021
    The Biden Administration announced that the COVID-19 vaccine mandate, which applies to all businesses with 100 employees or more, will go into effect Jan. 4, 2022. 
  • Huge IRAs Will Get Tougher to Maintain Under Congressional Proposal

    By:
    Chris Gaetano
    |
    Nov 4, 2021
    Democratic lawmakers, as part of the landmark social spending bill, have proposed major changes to the how wealthy people will manage their retirement accounts. 
  • Democrats Clash on SALT Deduction Cap Repeal

    By:
    Chris Gaetano
    |
    Nov 3, 2021
    Congressional Democrats are circling in on a deal that would temporarily lift the $10,000 cap on state and local tax (SALT) deductions imposed as part of the 2017 Tax Cuts and Jobs Act, but progressives have objected loudly to the idea, as such a thing would primarily benefit wealthier people. 
  • IFRS Foundation Formally Announces Formation of International Sustainability Standards Board, Will Fold In VRF, CDSP

    By:
    Chris Gaetano
    |
    Nov 3, 2021
    The International Financial Reporting Standards (IFRS) Foundation announced the official formation of the International Sustainability Standards Board (ISSB), a new environmental, social and governance (ESG) reporting body that will be consolidated with the already-existing Value Reporting Foundation (VRF) and Climate Disclosure Standards Board (CDSB). 
  • FASB Proposes Standard Requiring Interim Disclosures, Reviving Language from SEC Regulation S-X

    By:
    Chris Gaetano
    |
    Nov 2, 2021
    The Financial Accounting Standards Board (FASB) has proposed a standards update that, if implemented, would require entities to make interim disclosures when a significant event or transaction has occurred since the prior year-end that has a material effect on the entities, as they were required to do under the now-removed language from the Securities and Exchange Commission's Regulation S-X. 
  • Long Island Man Pleads Guilty in Super-Aspirin Scam

    By:
    Chris Gaetano
    |
    Nov 2, 2021
    Donald A. Milne, of Massapequa, N.Y., told more than 70 investors that his company, Instaprin, was working on a special form of powdered aspirin that can stop heart attacks and strokes as they are happening, and needed cash. Turned out, the whole thing was a scam. 
  • Regulatory Roundup - Oct. 26 - Nov. 1

    By:
    Chris Gaetano
    |
    Nov 1, 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.
  • IRS Warns Families With Income Changes to Register Them by Today for Child Tax Credit Calculations

    By:
    Chris Gaetano
    |
    Nov 1, 2021
    The IRS said that families with recent income changes must register them with the agency by midnight tonight if they want their new information to be reflected in their Nov. 15 child tax credit. 
  • Democrats Gear up to Try to Pass Spending Bills This Week; G-20 Endorse Minimum Tax

    By:
    Chris Gaetano
    |
    Nov 1, 2021
    Undeterred from previous breakdowns in negotiations, congressional Democrats planned to hold a vote this week on the the social spending/reconciliation bill and the infrastructure bill that have been the center of an intra-party struggle between the group's left and right flanks. However, a statement by Sen. Joe Manchin (D-W.Va.) at a press conference Monday makes that possibility look more remote.