Latest Articles

  • Treasury Secretary Says Next Aid Package Should Be Ready by Month's End

    By:
    Chris Gaetano
    |
    Jul 10, 2020
    After consulting with Senate Republicans, Treasury Secretary Steven Mnuchin said that the next round of pandemic aid should come by the end of this month, adding that it will likely be less generous than previous packages.
  • DOL Reports 1.31 Million More Jobless Claims

    By:
    Chris Gaetano
    |
    Jul 9, 2020
    The U.S. Department of Labor reported that 1.31 million more people applied for initial jobless benefits last week.
  • Supreme Court Rules Prosecutors Can Get Trump Tax Records, But House Democrats Cannot, for Now

    By:
    Chris Gaetano
    |
    Jul 9, 2020
    The Supreme Court of the United States handed President Trump one partial win and one loss on matters relating to subpoenas for his tax records, but it rejected the president's argument that he has broad immunity from investigations while in office.
  • Speaker: COVID-19 Has Slowed Mergers, But Market is Still Active

    By:
    Chris Gaetano
    |
    Jul 9, 2020
    Robert Fligel, a consultant specializing in CPA firms and a speaker at a recent CPE event, said that while the global pandemic has slowed M&A activity among CPA firms, it has by no means stopped and there remain many opportunities for owners looking to sell or merge their practices.
  • Poll Finds New York Tax Prep Fees Among Highest in Nation

    By:
    Chris Gaetano
    |
    Jul 8, 2020
    A nationwide survey of tax practitioners has found that New York is consistently among the most expensive states when it comes to fees charged to clients.
  • New Infections Eroding Nascent Recovery

    By:
    Chris Gaetano
    |
    Jul 8, 2020
    Optimism on a fast recovery is fading fast, as recent economic gains from states reopening are starting to crumble due to a rise in new COVID-19 infections.
  • AICPA Warns of Wild Valuation Swings in Pandemic Era

    By:
    Chris Gaetano
    |
    Jul 8, 2020
    The AICPA today warned that the global pandemic is having a major impact on business valuation across the country, affecting companies both big and small.
  • Report: COVID-19 Has Turns NYC Rental Market Into Ticking Time Bomb

    By:
    Chris Gaetano
    |
    Jul 8, 2020
    New York City renters damaged by the pandemic's economic chaos are accumulating vast amounts of housing debt that promises only to get worse as the $600 unemployment supplement is set to expire.
  • Supreme Court Finds in Favor of Fewer Robocalls

    By:
    Chris Gaetano
    |
    Jul 7, 2020
    The Supreme Court of the United States not only upheld current provisions banning robocalls from political consultants, but it also expanded the ban to include those made for collecting federal debts.
  • Data Confirms PPP Loans Helped Giant Corporations

    By:
    Chris Gaetano
    |
    Jul 7, 2020
    Data released yesterday by the Treasury Department and the Small Business Administration about companies that received loans through the Paycheck Protection Program has confirmed what many had long been saying: that large corporations with plenty of cash already took money intended for small mom-and-pop operations.