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Latest Articles

Regulatory Roundup - July 13-19

By:

Chris Gaetano
|
Jul 19, 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.
Study Shows Work-Life Balance Makes Auditors Better at Job, But Not Much Happier

By:

Chris Gaetano
|
Jul 16, 2021

A recent study has found that auditors getting enough rest and relaxation away from the office leads to better quality work but doesn't make auditors any happier at their jobs than they would normally be.
As Infrastructure Negotiations Enter Home Stretch, Deal Comes Under Attack From Both Left and RIght

By:

Chris Gaetano
|
Jul 16, 2021

The bipartisan infrastructure deal is experiencing some bipartisan pushback as both the left and the right threaten to tank the package for different reasons.
Expanded Child Tax Credits Begin Today

By:

Chris Gaetano
|
Jul 15, 2021

The Treasury Department and the IRS announced that the first wave of expanded child tax credits were sent out today.
Study Grades Most States a 'C' or Worse in Financial Literacy

By:

Chris Gaetano
|
Jul 15, 2021

Financial literacy in most U.S. states ranges from mediocre, at best, to downright abysmal, according to a recent study by the American Public Education Foundation.
Senate Democrats Propose Bill Federally Legalizing Cannabis

By:

Chris Gaetano
|
Jul 15, 2021

Senate Democrats are in the process of drafting a bill that would end federal prohibition of cannabis products.
TIGTA: Over 500 Govt. Entities Erroneously Received Pandemic Aid

By:

Chris Gaetano
|
Jul 14, 2021

The Treasury Inspector General for Tax Administration (TIGTA) reported that the IRS accurately processed the majority of Forms 7200, Advance Payment of Employer Credits Due to COVID-19, but it also identified a total of 317 potentially fraudulent claims that slipped through the verification process, as well as over 500 government entities that erroneously received the credits.
Tax Preparer Found Guilty of Not Filing Own Taxes, Was Adherent of 'Sovereign Citizen' Movement

By:

Chris Gaetano
|
Jul 14, 2021

A tax preparer in Virginia has been found guilty of not filing his own taxes for many years. This was not due to him being so devoted to his clients that he forgot to take care of himself but, rather, his belief that he doesn't need to pay taxes due to being a sovereign citizen.
Fitch: U.S. Political Divide Could Be Credit Risk

By:

Chris Gaetano
|
Jul 14, 2021

While ratings agency Fitch retained its AAA outlook for the United States, it warned that rising levels of political division could present a risk in the future that would lead it to downgrade the country's credit.
SEC Alleges Corporate Name Change Part of Insider Trading Scheme

By:

Chris Gaetano
|
Jul 13, 2021

Why would a company that used to make nothing but iced tea and other beverages almost overnight switch and become a blockchain company? According to the Securities and Exchange Commission (SEC), it was to enact an insider trading scheme.

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Latest Articles

Regulatory Roundup - July 13-19

Study Shows Work-Life Balance Makes Auditors Better at Job, But Not Much Happier

As Infrastructure Negotiations Enter Home Stretch, Deal Comes Under Attack From Both Left and RIght

Expanded Child Tax Credits Begin Today

Study Grades Most States a 'C' or Worse in Financial Literacy

Senate Democrats Propose Bill Federally Legalizing Cannabis

TIGTA: Over 500 Govt. Entities Erroneously Received Pandemic Aid

Tax Preparer Found Guilty of Not Filing Own Taxes, Was Adherent of 'Sovereign Citizen' Movement

Fitch: U.S. Political Divide Could Be Credit Risk

SEC Alleges Corporate Name Change Part of Insider Trading Scheme

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