Latest Articles

  • Office Towers Open Up in Time When More Working From Home Than Ever

    By:
    Chris Gaetano
    |
    Jun 3, 2020
    New office towers, planned before the pandemic, are now opening up at a time when demand for office space is at an all-time low, making developers nervous that they've sunk money into projects that are not viable in the time of COVID-19.
  • Stocks Soaring to Levels Not Seen in Months

    By:
    Chris Gaetano
    |
    Jun 3, 2020
    Stocks are experiencing major rallies today on further data that traders feel indicate the worst economic damage is over.
  • CBO Says Pandemic's Economic Impact on GDP Will Take 10 Years to Unwind

    By:
    Chris Gaetano
    |
    Jun 2, 2020
    A recent report from the Congressional Budget Office (CBO) said that, as a result of the global pandemic, it will take 10 years before the country's real gross domestic product (GDP) matches the office's projections from January.
  • High-Income Nonfilers Owe Billions, But IRS Not Acting, Says TIGTA

    By:
    Chris Gaetano
    |
    Jun 2, 2020
    The Treasury Inspector General for Tax Administration (TIGTA) faulted the IRS for failing to act on high-income nonfilers who, it said, owed billions in taxes.
  • SEC Whistleblower Reports Increase by 35 Percent

    By:
    Chris Gaetano
    |
    Jun 2, 2020
    The number of whistleblower reports coming in to the Securities and Exchange Commission (SEC) has spiked since the pandemic began; the agency has received 4,000 tips, complaints and referrals of possible corporate wrongdoings from mid-March to mid-May.
  • Stocks Up Slightly, as Traders Remain Bullish on Reopening

    By:
    Chris Gaetano
    |
    Jun 2, 2020
    Major stock indices have apparently shrugged off the wave of civil unrest that has swept across the nation, as Wall Street looks more toward the economy reopening.
  • Regulatory Roundup - May 27 - June 1

    By:
    Chris Gaetano
    |
    Jun 1, 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.
  • Poll of CFOs Finds Many Remain Pessimistic on Economy

    By:
    Chris Gaetano
    |
    Jun 1, 2020
    A recent poll of CFOs finds that many still see dark times ahead for the U.S. economy and expect their own companies to be negatively impacted by the global pandemic.
  • Deloitte Consulting CEO Warns of Layoffs

    By:
    Chris Gaetano
    |
    Jun 1, 2020
    Big Four firm Deloitte's consulting arm will be letting go of about 2,500 workers in the face of the economic chaos wrought by the global pandemic.
  • With Vatican Finances in Trouble, Pope Introduces New Internal Controls

    By:
    Chris Gaetano
    |
    Jun 1, 2020
    Pope Francis has declared that the Vatican will follow a new set of financial procedures meant to curb corruption and discourage waste as the city-state anticipates revenue drops of as much as 45 percent due to lack of tourists.