Latest Articles

  • OECD Adjusts Economic Projections, Says Outlook Not as Bleak as Previously Predicted

    By:
    Chris Gaetano
    |
    Sep 16, 2020
    The Organisation for Economic Cooperation and Development (OECD) said that while uncertainty remains high, it believes the pandemic's devastating effects on the economy will be less devastating than it originally thought.
  • Yelp Data Indicates Number of Shuttered Businesses Increased 23 Percent Since July

    By:
    Chris Gaetano
    |
    Sep 16, 2020
    Data gathered and analyzed by review site Yelp indicates that the number of businesses that have shut down due to the pandemic has increased by 23 percent since July.
  • Bipartisan Group Releases New Pandemic Aid Plan

    By:
    Chris Gaetano
    |
    Sep 16, 2020
    A bipartisan group of lawmakers called the Problem Solvers Caucus, made up of 25 House Democrats and 25 House Republicans, released a proposal for a new pandemic aid package that they hope can appease both Democrats and Republicans as time runs out for a new deal before the election.
  • Many Companies Defer Their Own Share of Payroll Taxes Without Deferring Their Employees' Share

    By:
    Ruth Singleton
    |
    Sep 15, 2020
    While most U.S. employers have opted not to implement the employee payroll tax deferral that was part of a presidential executive order, many are deferring their own share of payroll taxes.
  • Fraud Surging During Pandemic Era

    By:
    Chris Gaetano
    |
    Sep 14, 2020
    A recent report from the Association of Certified Fraud Examiners says that fraud of all sorts has seen major increases over the past few months, and levels are expected to get even higher in the future.
  • Regulatory Roundup - Sept. 9-14

    By:
    Chris Gaetano
    |
    Sep 14, 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.
  • As House Returns to Session, Window Opens for New Aid Deal, But Only a Crack

    By:
    Chris Gaetano
    |
    Sep 14, 2020
    While the House's return to session this week means that theoretically a new pandemic aid deal could be reached, Bloomberg is saying that the chances remain slim, as priority  is being placed instead on the continuing resolution that will keep the government funded.
  • BP Says Peak Oil May Have Arrived, But on the Demand Side, Not Supply

    By:
    Chris Gaetano
    |
    Sep 14, 2020
    Amid the years of worrying that the world will eventually run out of oil, few had considered the possibility that demand for oil would exhaust first, but a recent report from British Petroleum says this might indeed be what's happening, to the point where the petroleum market might never fully recover.
  • Federal Crackdown on PPP Fraud Sweeps Up 57 People So Far

    By:
    Chris Gaetano
    |
    Sep 11, 2020
    The Department of Justice announced Paycheck Protection Program (PPP) fraud charges against 57 individuals, including an NFL player, as part of a wide-ranging crackdown on abuse of the popular program.
  • Poll: Majority of American Job Seekers Want Not Just New Employer But New Career

    By:
    Chris Gaetano
    |
    Sep 11, 2020
    With tens of millions still out of work in the pandemic era, a recent poll has found that 61 percent of Americans looking for a new job are doing so with the hope to change their careers entirely.