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Dynamic Audit Solutions: Transforming Audits

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NYS Enacts Recreational Cannabis Legalization

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Latest Articles

MTA Markets Payroll Tax Bond

By:

Chris Gaetano
|
Apr 22, 2021

New York's Metropolitan Transit Authority has begun selling bonds linked to the payroll tax that partially funds the system.
Study: Monetary Risk Preferences Linked to Willingness to Vaccinate

By:

Chris Gaetano
|
Apr 22, 2021

A recent study has found that the degree of hesitancy a person has over whether to take the COVID-19 vaccine is correlated with that individual's financial risk profile.
Democratic Lawmakers Call for Making Expanded Child Tax Credit Permanent

By:

Chris Gaetano
|
Apr 21, 2021

A group of Democratic lawmakers has released a statement calling for Congress to make the recent changes to the child tax credit, passed as part of the American Rescue Plan Act, permanent.
PCAOB Reaches Cooperative Agreement with Belgian Audit Regulator

By:

Chris Gaetano
|
Apr 21, 2021

The Public Company Accounting Oversight Board (PCAOB) announced that it has reached an agreement with its Belgian counterpart, the Belgian Audit Oversight College, that will allow for cooperation between the two regulators on audit firms subject to both of their jurisdictions.
Biden Announces Tax Credit for Companies Offering Covid Vaccine-Related Paid Leave.

By:

Chris Gaetano
|
Apr 21, 2021

If a business gives its workers paid leave to get the Covid vaccine and recover from its effects, then it could be eligible for a new tax credit, according to a White House briefing today.
House Advances Bill to Ease Banking for Cannabis Industry

By:

Chris Gaetano
|
Apr 20, 2021

The House of Representatives has passed a bill that would make it easier for cannabis industry businesses to access banking services, from which they are currently barred on account of federal regulations.
IASB Addresses What to Do When There Is No Foreign Exchange Rate

By:

Chris Gaetano
|
Apr 20, 2021

The International Accounting Standards Board (IASB) has proposed an amendment that, if passed, would determine whether a currency can be exchanged into another currency, and what accounting to apply if the currency cannot be exchanged.
Governor Signs Bill That Could Provide Pass-Through Entities a SALT Deduction Cap Workaround

By:

Chris Gaetano
|
Apr 20, 2021

New York Gov. Andrew Cuomo signed into law a new tax election for pass-through entities that could theoretically be used as a workaround for the $10,000 cap on state and local tax (SALT) deductions.
Regulatory Roundup - April 13-19

By:

Chris Gaetano
|
Apr 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.
Biden Infrastructure Plan Relying on Support of Rich Democrats, Subject to Tax Hikes

By:

Chris Gaetano
|
Apr 19, 2021

President Biden's infrastructure plan relies on the support of those who will, themselves, pay higher taxes if the package goes through.

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