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NYS Enacts Recreational Cannabis Legalization

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Latest Articles

SEC Formally Installs Gensler as Chair

By:

Chris Gaetano
|
Apr 19, 2021

Gary Gensler has formally been sworn in as the new chair of the Securities and Exchange Commission.
Architects Project Future of Office Design for Post-Pandemic World

By:

Chris Gaetano
|
Apr 19, 2021

While the open office was on its way out for years, the pandemic may have been the final nail in its coffin, since many companies are opting for alternative layouts as they prepare to welcome back their workers.
White House Bans Banks From Russian Debt Sales as Part of Sanctions

By:

Chris Gaetano
|
Apr 16, 2021

President Joe Biden, in a shot across the bow, banned banks and other financial institutions from buying or selling Russian bonds in retaliation for "aggressive and harmful activities by the Government of the Russian Federation."
Trading App Design Creating Nasty Tax Headaches for New Investors

By:

Chris Gaetano
|
Apr 16, 2021

The proliferation of trading apps such as Robinhood have allowed people who never would have invested before to play the market, but the way they're designed means it's all but impossible to perform tax maneuvers that traditional investors take for granted.
Study Suggests Early Audit Partner Retirement Costing CPA Firms Fee Income

By:

Chris Gaetano
|
Apr 16, 2021

A recent study has found that early retirement by audit partners at CPA firms is costing the firms money, as older auditors bring in higher fees while performing as well, or better, than younger auditors.
GASB Proposes Renaming Comprehensive Annual Financial Report Due to Offensiveness of Acronym

By:

Chris Gaetano
|
Apr 15, 2021

The Governmental Accounting Standards Board (GASB) has proposed renaming the "comprehensive annual financial report" (CAFR) to the "annual comprehensive financial report" (ACFR) due to the acronym, when spoken, sounding like "a profoundly offensive term directed at Black South Africans."
DOL: Jobless Claims Reach Lowest Levels Since March 2020

By:

Chris Gaetano
|
Apr 15, 2021

The U.S. Department of Labor (DOL) reported that, last week, 576,000 Americans applied for unemployment benefits. The is the lowest the number has been since the start of the pandemic lockdowns in March 2020.
IRS Says Taxpayers Don't Need to Repay Excess Advance PTC for 2020

By:

Chris Gaetano
|
Apr 15, 2021

The IRS reminded taxpayers that, due to the American Recovery Plan Act, they do not need to repay excess advance payments of the Premium Tax Credit for 2020.
Ponzi Schemer Bernie Madoff Dies in Prison at 82

By:

Chris Gaetano
|
Apr 14, 2021

Infamous fraudster Bernie Madoff, who ran a multibillion-dollar Ponzi scheme for years before the financial crisis led to its sudden and spectacular collapse, died in prison at the age of 82, having served 12 years of his century-and-a-half-long sentence.
IRS Says Monthly Child Tax Credit Payments to Start in July

By:

Chris Gaetano
|
Apr 14, 2021

IRS Commissioner Charles Rettig, speaking before the Senate Finance Committee yesterday, said that the new child tax credit payments, which will be delivered on a monthly basis, will begin in July.

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