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Latest Articles

Bandits Make Off with $36M Worth of Copper, Using Paving Stones and Spray Paint

By:

Chris Gaetano
|
Jun 29, 2021

A Turkish copper seller, a Chinese customer and the Swiss trader who facilitated the deal were the victims of a complex heist that resulted in the theft of $36 million worth of the metal using paving stones and spray paint.
Regulatory Roundup - June 23-28

By:

Chris Gaetano
|
Jun 28, 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.
Supreme Court Declines to Hear Interstate Telecommuting Tax Case

By:

Chris Gaetano
|
Jun 28, 2021

The U.S. Supreme Court declined to hear a case involving the tax consequences of remote workers, a major question that has emerged in the wake of the pandemic.
IRS Data Analytics Demonstrating Cryptocurrency Transactions Not as Anonymous as People Think

By:

Chris Gaetano
|
Jun 28, 2021

In pursuit of tax evaders, the IRS has been turning to sophisticated data analytics to track cryptocurrency transactions, which many users have thought of as mostly anonymous.
Bank Reporting Rules May Be Sacrificed to Pass Infrastructure Bill

By:

Chris Gaetano
|
Jun 28, 2021

Mandatory bank reporting rules, a key part of the plan to enhance IRS enforcement and thereby add funding to the White House's infrastructure plan, may be discarded in order to mollify opponents and pass a bipartisan bill.
FASB Wants to Know: What Should We Be Doing Next?

By:

Chris Gaetano
|
Jun 25, 2021

The Financial Accounting Standards Board (FASB) is asking stakeholders for input on its upcoming agenda priorities.
New IRS Tool Aims to Make It Easier to Check Whether a Family Qualifies for Expanded Child Tax Credit

By:

Chris Gaetano
|
Jun 25, 2021

The IRS has launched a new tool meant to make it easier for people to check on whether they are eligible for the expanded child tax credit.
Poll Finds Slim Majority Supports Ending Unemployment Supplements, Even as Millions Have Yet to Receive Them

By:

Chris Gaetano
|
Jun 25, 2021

The New York Times is reporting that a slight majority of Americans believe that the federal unemployment supplements should end, even as millions are still waiting for the benefits they applied for ages ago.
Bipartisan Group Inches Closer to Infrastructure Deal, Now at $973 Billion

By:

Chris Gaetano
|
Jun 24, 2021

A bipartisan group of lawmakers said that they have come to an agreement on the basic framework for a new infrastructure plan, with only certain smaller details left to be hammered out before a final proposal is unveiled.
Cuomo Ends State of Emergency

By:

Chris Gaetano
|
Jun 24, 2021

Gov. Andrew Cuomo announced yesterday that the state of emergency that has been in effect in New York since the beginning of the pandemic will expire after today.

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