Latest Articles

  • Pandora Papers Reveal Financial Secrets of Rich and Powerful

    By:
    Chris Gaetano
    |
    Oct 4, 2021
    Millions of documents leaked to the International Consortium of Investigative Journalists have exposed the secret financial dealings of dozens of current and former world leaders, as well as hundreds of other rich and powerful individuals across the globe. 
  • Infrastructure Vote Delayed Due to Conflicts Among Democrats

    By:
    Chris Gaetano
    |
    Oct 4, 2021
    Democrats will be delaying a vote on the landmark infrastructure bill due to ongoing conflicts between moderates and progressives on how it relates to the larger $3.5 trillion reconciliation package. 
  • Report Finds Pandemic Took a Toll on Diversity Efforts in Accounting

    By:
    Ruth Singleton
    |
    Oct 1, 2021
    A report by Thomson Reuters and Prime Global, an association of independent accounting firms, has found that women and accountants of color experienced serious challenges as a result of the COVID-19 pandemic. However, the responses were mixed in certain areas, reflecting workplace situations with some nuances. 
  • Washington State's High Court Upholds Tax on Big Banks

    By:
    Ruth Singleton
    |
    Sep 30, 2021
    The Supreme Court of Washington state unanimously upheld a state tax on big banks on Thursday. The 1.2 percent surtax, passed by the state Legislature in 2019, is intended to provide essential services and to address disparities in wealth and income as well as the state’s regressive tax code.
  • SEC, Citing Deluge of Frivolous Applications, Bans Two From Whistleblower Program

    By:
    Chris Gaetano
    |
    Sep 29, 2021
    The Securities and Exchange Commission (SEC) wants individuals to alert the agency if there's illegal activity happening at a company, but not as often or as poorly as two individuals who are now permanently barred from its whistleblower program. 
  • Wells Fargo Charged in 'Brazen and Wide-Ranging Fraud' Over Foreign Exchange Fees

    By:
    Chris Gaetano
    |
    Sep 29, 2021
    Wells Fargo, once again, has settled with the government, this time over what the Department of Justice called a "brazen and wide-ranging fraud" involving foreign exchange customers. 
  • IRS Announces New Fee for Estate Tax Closing Letters

    By:
    Chris Gaetano
    |
    Sep 28, 2021
    The IRS announced that closing letters for estate tax returns will soon come with a $67 fee. 
  • Democrats Close to Deal on SALT Deduction Cap

    By:
    Chris Gaetano
    |
    Sep 28, 2021
    As a way to secure support for the $3.5 trillion spending bill, Democratic leaders are close to reaching a deal with centrist members who have been pushing for relief on the $10,000 cap on state and local tax (SALT) deductions. 
  • Speaker Delays Infrastructure Vote, Says Reconciliation Bill Will Be Smaller

    By:
    Chris Gaetano
    |
    Sep 27, 2021
    Speaker of the House Nancy Pelosi , who'd previously scheduled the vote on the bipartisan infrastructure bill for Monday, pushed it back to Thursday, as centrists and progressives continue negotiations over both that bill and the $3.5 trillion reconciliation bill, which focuses on social policy and climate change.
  • $27 Million in Hurricane Ida Relief Now Available to Undocumented New Yorkers

    By:
    Chris Gaetano
    |
    Sep 27, 2021
    New York Gov. Kathy Hochul and New York City Mayor Bill de Blasio today announced that $27 million is available to undocumented individuals who were affected by Hurricane Ida.