Latest Articles

  • Fed to Hold Steady on Inflation, Asset Purchases, As It Reiterates Calls for Stimulus

    By:
    Chris Gaetano
    |
    Nov 6, 2020
    Federal Reserve Chair Jerome Powell said the central bank will continue its asset purchases and dovish inflation stance ,while, at the same time, he repeated calls for the government to pass a new stimulus measure for the sake of the economy.
  • DOJ Seizes Over $1 Billion Worth of Bitcoin Linked to 'Individual X'

    By:
    Chris Gaetano
    |
    Nov 6, 2020
    The U.S. Department of Justice (DOJ) announced that it has seized more than $1 billion worth of Bitcoin connected to someone known only as "Individual X."
  • U.S. DOL Reports 751,000 Initial Jobless Claims

    By:
    Chris Gaetano
    |
    Nov 5, 2020
    The U.S. Department of Labor reported that last week saw 751,000 initial jobless claims, a nearly identical figure to last week, indicating little change positive or negative.
  • Conference Speaker: COVID-19 Pandemic Presents Many Challenges to Auditors

    By:
    Chris Gaetano
    |
    Nov 5, 2020
    The COVID-19 pandemic has made it more difficult for auditors to do their jobs due to the many challenges, both logistical and technical, it has thrown their way, according to Howard B. Levy, a speaker at the Foundation for Accounting Education's Auditing Standards Conference on Thursday.
  • Conference Speaker: Pandemic Has Thrown New Ethics Risks into Mix

    By:
    Chris Gaetano
    |
    Nov 5, 2020
    Attorney Steven R. Berger, a Vedder Price shareholder who spoke at the Foundation for Accounting Education's Auditing Standards Conference Thursday, said that ethics regulations were written under the assumption that people would be working in environments where physical presence was a given. But in the wake of the pandemic and the mass migration to remote work, the rules that professionals worked well under for years may suddenly present new risks.
  • IRS Offers Relief to Taxpayers Struggling with Pandemic Impact

    By:
    Chris Gaetano
    |
    Nov 3, 2020
    The IRS announced that it will be making it easier to set up payment agreements, as well as implementing other relief for taxpayers who owe but are struggling financially because of the pandemic.
  • Analysis Finds Presidential Elections Have Little Impact on Stock Market

    By:
    Chris Gaetano
    |
    Nov 3, 2020
    While every presidential race comes with copious speculation over which candidate will be better for stocks, historically who holds control of the government has had very little relevance to the direction of the market.
  • NYS Comptroller Issues Dire Warning About NYC's Debt

    By:
    Chris Gaetano
    |
    Nov 3, 2020
    New York State Comptroller Thomas DiNapoli warned in a recent report that managing the public health crisis in New York City has led to an explosion of debt that its residents will be hard pressed to pay off over the years, especially when it hasn't even paid off its debts from its last major borrowing binge in 2001.
  • Regulatory Roundup - Oct. 27-Nov. 2

    By:
    Chris Gaetano
    |
    Nov 2, 2020
    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.
  • IRS Issues Detailed Guidance on How Payroll Tax Deferral Plays Into W-2 Reporting

    By:
    Chris Gaetano
    |
    Nov 2, 2020
    The IRS has created a new web site with detailed guidance on how the optional payroll tax deferral the White House created over the summer interacts with W-2 reporting.