Latest Articles

  • UBS Whistleblower Fails to Show in Court, Declared a Fugitive

    By:
    Chris Gaetano
    |
    Jan 10, 2019
    A former employee of Swiss bank UBS, who is accused of selling client data to German tax authorities, failed to show up in court and therefore is considered a fugitive, though prosecutors have still called for a four-year prison term. 
  • Government Shutdown Means Companies Delaying IPO Plans

    By:
    Chris Gaetano
    |
    Jan 9, 2019
    With much of the Security and Exchange Commission's staff furloughed during the ongoing government shutdown, many companies have had to delay their plans to go public as there are not enough staff members to review and approve corporate registration statements, including IPO filings. 
  • Rare Penny Could Be Worth $1.7 Million

    By:
    Chris Gaetano
    |
    Jan 9, 2019
    While Americans throw out about $62 million in loose change a year, the expected sale of a rare penny for $1.7 million may cause some to reconsider. 
  • White House Says IRS to Issue Refunds During Shutdown

    By:
    Chris Gaetano
    |
    Jan 8, 2019
    The White House announced that the IRS will still be issuing tax refunds, even if the government shutdown continues through filing season. 
  • Study: Half of Those 51-54 Will Lose Jobs Involuntarily

    By:
    Chris Gaetano
    |
    Jan 8, 2019
    While there is much discourse surrounding when someone should retire, a recent study has found that, often, it's really not up to employees, but rather to their employers, who force the issue. 
  • Audits of Deutsche Bank Suggest Illegal Share-Trading Scheme

    By:
    Chris Gaetano
    |
    Jan 7, 2019
    Internal audits of Germany's Deutsche Bank have found indications that the bank issued tax certificates for withholding tax that had never been deducted and made loans to clients to allow them to participate in the scheme to claim tax rebates.
  • Cuomo Nominates Own Chief of Staff, a Former Prosecutor, to Lead NYS Dept. of Financial Services

    By:
    Chris Gaetano
    |
    Jan 7, 2019
    New York Governor Andrew Cuomo has nominated Linda Lacewell, his chief of staff, to lead the state's Department of Financial Services. 
  • Regulatory Roundup - Dec. 18, 2018–Jan. 7, 2019

    By:
    Chris Gaetano
    |
    Jan 7, 2019

    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.

  • House Votes to Fund Government, Including IRS, But Shutdown Likely to Remain

    By:
    Chris Gaetano
    |
    Jan 4, 2019
    The House of Representatives, now with a Democratic majority, approved a series of spending bills to reopen the government, including the IRS, but the shutdown is likely to remain, as Senate Majority Leader Mitch McConnell, R-Ky. has said that he would not call for a vote on any proposal that doesn’t have “a real chance” of passing and getting a presidential signature. The White House has vowed to veto any  bill that came to the president without funding for a wall along the U.S.-Mexico border.
  • Centuries-Old French Government Bond Still Paying Out Interest

    By:
    Chris Gaetano
    |
    Jan 4, 2019
    France has gone through a lot over 280 years, including the fall of the monarchy, the revolutionary terror, the counter-revolutionary terror, the Napoleonic wars, the restoration, the empire, the world wars and no fewer than five different republics. One constant through it all, though, has been a government bond that, to this day, is still paying out interest.