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Latest Articles

SEC Accuses Biotech Firm of Misleading Investors on Purported COVID Test

By:

Chris Gaetano
|
Jul 8, 2021

The Securities and Exchange Commission has accused a biotech company of telling investors that it had developed a COVID-19 screening test that would soon be available for sale when there was, in actuality, no such completed product.
IRS to Hold Special Weekend Event to Help Families Get Advance Child Tax Credit

By:

Chris Gaetano
|
Jul 8, 2021

The IRS is planning to partner with non-profit organizations, churches, community groups and others will host events in 12 cities this weekend aimed at helping those who generally don't file to get the Advance Child Tax Credit.
IRS Preparing for Partnership Compliance Push

By:

Chris Gaetano
|
Jul 7, 2021

The IRS is preparing to look a lot more closely at large corporate entities, especially partnerships, as it bring on more enforcement staff.
Study: At Hospitals, Cash is Far from King as Costs Exceed What Insurance Companies Pay

By:

Chris Gaetano
|
Jul 7, 2021

A study from the Wall Street Journal using medical pricing data that, until the start of this year, had been confidential has found that people with no insurance are generally charged the highest rates for care, over and above even insurance companies.
Study: Wage Stagnation Effects Mitigated by Stock Compensation

By:

Chris Gaetano
|
Jul 7, 2021

While wage income overall has seen anemic or stagnant growth over the past few decades, a working paper at the National Bureau of Economic Research says that if one counts the rise of equity-based compensation, this effect is largely mitigated.
AICPA Suggests New Form to Ease Administrative Adjustment Requests

By:

Chris Gaetano
|
Jul 6, 2021

Troubled by the difficulty in making administrative adjustment requests before the IRS, the AICPA has proposed a new form, AAR-EZ, to help ease the process.
Half of All Job Gains Last Month Came from Lower-Wage Positions

By:

Chris Gaetano
|
Jul 6, 2021

Waiters, hotel workers, hairdressers and other jobs that are typically associated with lower-than-average pay are roaring back, as they have made up about half of all payroll gains in June.
Icelandic Experiment with Shorter Work Week Deemed 'Overwhelming Success'

By:

Chris Gaetano
|
Jul 6, 2021

Icelandic researchers who studied two large government trials for a 35-36 hour work week declared that the experiment has been an 'overwhelming success.'
130 Countries Express Support for Global Minimum Corporate Tax

By:

Chris Gaetano
|
Jul 2, 2021

The White House announced that, at the most recent meeting of the Organization for Economic Cooperation and Development (OECD), 130 countries expressed support for a global minimum corporate tax, with only a few holdouts left.
AICPA Lends Support to Bill That Would Regulate Tax Preparers

By:

Chris Gaetano
|
Jul 2, 2021

A recently proposed bill that would give the IRS regulatory authority over paid tax preparers of all stripes has the support of the AICPA, which recently released a statement expressing so.

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