Latest Articles

  • Joe Biden Confirmed as Next President

    By:
    Chris Gaetano
    |
    Jan 7, 2021
    In the wee morning hours, following a breach of the Capitol building by a violent armed mob earlier in the day, Congress confirmed Joe Biden as the next president of the United States of America.
  • DOL Reports 787,000 New Jobless Claims

    By:
    Chris Gaetano
    |
    Jan 7, 2021
    The U.S. Department of Labor (DOL) reported that last week saw 787,000 new unemployment claims, a slight decrease of 3,000 from the previous week.
  • IRS Issues Regulations for Carbon Capture Credits

    By:
    Chris Gaetano
    |
    Jan 7, 2021
    The IRS issued final regulations for how businesses can claim tax credits for carbon sequestration and disposal, providing guidance on when and how the credits can be claimed.
  • Treasury Has Sent Out Majority of Stimulus Payments, but Many Didn't Get Them

    By:
    Chris Gaetano
    |
    Jan 6, 2021

    The Treasury Department announced it has sent $112 billion of the $164 billion allocated for the $600 stimulus payments included in the latest pandemic aid package, a far faster pace than the first round in the spring, which took two weeks to get through just half the funding.

  • NYSE Reverses Course Yet Again, Will Now Delist Chinese Firms

    By:
    Chris Gaetano
    |
    Jan 6, 2021

    The New York Stock Exchange (NYSE) has pivoted from it previous pivot, announcing that, despite just recently saying otherwise, it will indeed remove three Chinese telecommunications firms from its listings in order to comply with a recent executive order.

  • Study: Heavy Use of Foreign Auditors Linked with Adverse Outcomes

    By:
    Chris Gaetano
    |
    Jan 6, 2021

    A study published in the most recent issue of Contemporary Accounting Research has found that companies that use a lot of foreign auditors have a higher likelihood of misstatement, a higher likelihood of non-timely reporting, and higher audit fees

  • NYSE Announces Delisting of Chinese Firms, Then Backtracks

    By:
    Chris Gaetano
    |
    Jan 5, 2021
    The New York Stock Exchange announced on Monday that it would be delisting several Chinese companies to comply with a recent executive order, but today reversed course and said that it would not be delisting them after all.
  • IRS Raises Fees for Private Letter Rulings

    By:
    Chris Gaetano
    |
    Jan 5, 2021
    The IRS has increased the fees for many private letter rulings, with new prices taking effect in early February.
  • Study: Housing in Most of Country Unaffordable to Average Incomes

    By:
    Chris Gaetano
    |
    Jan 5, 2021
    A recent study has concluded that housing costs across the country have gotten so high that only 41 percent of counties are affordable to the average person.
  • Elad Roisman Appointed as Acting SEC Chair

    By:
    Chris Gaetano
    |
    Jan 4, 2021
    The White House has appointed SEC Commissioner Elad Roisman to be the acting head of the agency until the new administration appoints a permanent successor.