Latest Articles

  • Regulatory Roundup - Aug. 10-16

    By:
    Chris Gaetano
    |
    Aug 16, 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.
  • Food Stamp Program to See Historic Increase

    By:
    Chris Gaetano
    |
    Aug 16, 2021
    President Joe Biden announced a major increase in food stamp benefits, the biggest jump since the program was first implemented. 
  • Supreme Court Allows Eviction Cases in NY to Proceed

    By:
    Chris Gaetano
    |
    Aug 16, 2021
    The U.S. Supreme Court sided with a group of small landlords, many of whom own rent-stabilized properties, in allowing eviction lawsuits against tenants to proceed as planned in New York. 
  • Hackers Have Returned Almost All of the $600 Million in Cryptocurrency They Stole

    By:
    Chris Gaetano
    |
    Aug 13, 2021
    This week, hackers broke into a decentralized cryptocurrency platform and made off with about $600 million in digital assets, the largest such theft in the history of the industry. As of today, they have returned almost all of it, but with one hitch.
  • NYS Unleashes Wave of Audit Notices on Remote Workers

    By:
    Chris Gaetano
    |
    Aug 13, 2021
    Demonstrating that Albany's reach is longer than some may think, the New York State Department of Taxation and Finance has sent out thousands of audit notices to remote workers who the department believes ought to be paying more taxes to New York. 
  • Pelosi Says No House Vote on Infrastructure This Month

    By:
    Chris Gaetano
    |
    Aug 12, 2021
    While the Senate, through a 69-30 vote, approved the bipartisan massive infrastructure bill, Speaker of the House Nancy Pelosi (D-Calif.) said that her chamber will not be considering the spending package for at least a month, if not more. 
  • Poll: Most Workers Have Already Returned to Office Despite Delta Variant

    By:
    Chris Gaetano
    |
    Aug 12, 2021
    A recent poll by research firm Morning Consult has found that, despite the growing number of Delta variant cases, most office workers are already back at their desks, and most that aren't report no changes to their company's current plans, the New York Times
    reported
  • IRS Warns of New Scam Targeting Tax Pros

    By:
    Chris Gaetano
    |
    Aug 11, 2021
    The IRS, in its never-ending war against fraudsters, warned tax professionals of a new phishing scam that has been targeting them specifically. 
  • Hackers Heist $600 Million Worth of Cryptocurrency, Biggest Digital Asset Theft in History

    By:
    Chris Gaetano
    |
    Aug 11, 2021
    Hackers have stolen more than $600 million worth of cryptocurrency from the decentralized finance platform Poly Network, the biggest heist in the history of the industry and one of the biggest in general.
  • Senate Budget Resolution Includes SALT Deduction Cap Relief

    By:
    Chris Gaetano
    |
    Aug 10, 2021
    A memo to Democratic senators outlining what is being sought in the $3.5 trillion budget plan includes instructions to find ways to fund a lifting or removal of the $10,000 cap on state and local tax deductions.