Latest Articles

  • Government Accounting Standards Rule Stings Municipal Bond Issuers

    By:
    Chris Gaetano
    |
    May 11, 2018
    The generally stable municipal bond market has been rocked by turbulence stemming from the implementation of a 2014 Government Accounting Standards Board rule that has added billions in previously unreported liabilities.
  • IRS Warns of Fake Form W-8BEN Scam

    By:
    Chris Gaetano
    |
    May 11, 2018
    The IRS is advising people to be on the lookout for a new scam that targets international taxpayers and non-resident aliens. 
  • Speaker: When Implementing New Lease Standard, Broker-Dealers Must Sweat the Small Stuff

    By:
    Chris Gaetano
    |
    May 11, 2018
    When speaking with broker-dealer clients on implementing the Financial Accounting Standards Board's new lease standards, Charles V. Abraham, the financial services practice leader at Mazars USA, said the first question he gets from them is how they can avoid doing it at all. Speaking at the Foundation for Accounting Education's annual Broker-Dealer Conference on May 9, Abraham said that there are very few circumstances in which they could be exempt from the standards.. 
  • Regulatory Roundup: May 2-8

    By:
    Chris Gaetano
    |
    May 8, 2018
    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 ‚Äč‚Äčannouncements from the past week, and puts them in one place to help you stay on top of the issues.
  • TCJA Changes Incentives for Corporate Behavior

    By:
    Chris Gaetano
    |
    May 8, 2018
    The Tax Cuts and Jobs Act presents domestic and international corporations with a wave of new opportunities—and challenges—as the law’s changes call old tactics into question while bringing new ones to the fore.
  • Accounting Standards Change Prompts Berkshire Hathaway to Report $1.1 Billion Net Loss

    By:
    Chris Gaetano
    |
    May 7, 2018
    Berkshire Hathaway, the multinational conglomerate behind billionaire Warren Buffet, has reported a $1.1 billion net loss that it attributed mainly to accounting changes on how unrealized gains and losses on stock investments are reported. 
  • M&A Activity Heating Up

    By:
    Chris Gaetano
    |
    May 7, 2018
    Mergers and acquisitions deals for the first three months of the year have increased by 13 percent in value from the previous quarter to $513 billion, the highest amount since 2016, with the total number of deals growing by 6 percent at the same time.
  • Gallup Survey Finds People Have Dim View of Their Jobs

    By:
    Chris Gaetano
    |
    May 4, 2018
    Gallup's new State of the American Workplace survey has found that things aren't so good with the workers, as only a third would be considered engaged—that is, involved in, enthusiastic about and committed to their work and workplace— and 16 percent are "actively disengaged," defined as resentful that their needs aren't being met and are acting out on their unhappiness. 
  • Theranos Investors, Including Top Business and Government Officials, Lost $600M

    By:
    Chris Gaetano
    |
    May 4, 2018
    Recently unsealed court documents reveal that investors in Theranos Inc., including many top business and government officials such as Education Secretary Betsy DeVos and Mexican billionaire Carlos Slim, lost a collective $600 million in what the SEC believes to be a massive fraud. 
  • E&Y Settles Sexual Harassment Suit

    By:
    Chris Gaetano
    |
    May 3, 2018
    Ernst & Young has settled with a female tax partner over claims of sexual assault, harassment, and retaliation, according to Barron's.