Latest Articles

  • Judge Strikes Down Federal Ban on Using ARPA Funds for Tax Cuts

    By:
    Chris Gaetano
    |
    Dec 1, 2021
    A provision of the American Rescue Plan Act that forbade state governments from using pandemic funds for tax cuts has been struck down by a federal judge, who said it was unconstitutional. 
  • OECD: Vaccinating Entire World Would Cost $50B

    By:
    Chris Gaetano
    |
    Dec 1, 2021
    The Organization for Economic Cooperation and Development (OECD) said that vaccinating everyone in the world, which would effectively end the COVID-19 pandemic, would cost around $50 billion. 
  • Judge Upholds NYS Eviction Moratorium

    By:
    Chris Gaetano
    |
    Nov 30, 2021
    A federal judge has sided with tenants against landlords, who'd sued to lift the state's moratorium on evictions, which were implemented as a pandemic aid measure. 
  • IRS Warns of Charity Scams

    By:
    Chris Gaetano
    |
    Nov 30, 2021
    While the opening of hearts and wallets to charitable causes is a laudable thing, the IRS warned that this is the time of year when  large numbers of scammers attempt to capitalize on people's good intentions. 
  • Reconciliation Bill Negotiations Must Share Stage With Other Deadlines

    By:
    Chris Gaetano
    |
    Nov 29, 2021
    With Congress back in session, negotiations over the Democrats' landmark reconciliation bill, meant to significantly bolster the social safety net, have resumed, but these discussions must take place alongside other major debates, splitting lawmakers' focus as they head into December. 
  • NYC Once More Recommends Indoor Masks

    By:
    Chris Gaetano
    |
    Nov 29, 2021
    With the rise of a new coronavirus variant, Omicron, New York City has revived previous guidance to wear masks indoors while in public, regardless of vaccination status. 
  • Regulatory Roundup - Nov. 16-29

    By:
    Chris Gaetano
    |
    Nov 29, 2021
    With so many regulators out here, 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.
  • Regulators Issue Joint Statement Promising More Guidance on Cryptocurrency

    By:
    Chris Gaetano
    |
    Nov 24, 2021
    The Federal Deposit Insurance Corporation, the  U.S. Federal Reserve, andthe  Office of the Comptroller of Currency issued a joint statement saying that, come next year, there will be more guidance on the regulators' positions on various aspects of the cryptocurrency sector. 
  • PCAOB Approves $310.3 Million Budget for 2022

    By:
    Chris Gaetano
    |
    Nov 24, 2021
    The Public Company Accounting Oversight Board (PCAOB) has approved a proposed $310.3 million budget for 2022. 
  • FASB Proposal Would Replace Guidance for Creditors on Troubled Debt Restructurings

    By:
    Chris Gaetano
    |
    Nov 23, 2021
    The Financial Accounting Standards Board (FASB) has proposed dispensing with guidance for creditors on troubled debt restructurings (TDRs) entirely while, at the same time, adding new disclosure requirements for loan refinancings and restructurings made to borrowers experiencing financial difficulty.