Latest Articles

  • Unemployment Claims Jump to 853,000

    By:
    Chris Gaetano
    |
    Dec 10, 2020
    The U.S. Department of Labor reported that unemployment claims last week increased by 137,000 to 853,000, a major spike reflecting growing infection rates.
  • Survey: CPA Business Leaders Evenly Split Between Optimism and Pessimism Going Into 2021

    By:
    Chris Gaetano
    |
    Dec 10, 2020
    According to a fourth-quarter 2020 AICPA economic outlook survey, CPA business leaders are split nearly 50-50 over whether 2021 will be a good year for their organizations, which is still an eight-point improvement over survey results from the second quarter of 2020, when hope began to fall.
  • U.S. Economy Groaning as Women Leave Workforce

    By:
    Chris Gaetano
    |
    Dec 10, 2020
    Women, who have been disproportionately affected by the pandemic's economic chaos, are leaving the workforce in growing numbers, but if the tide can be reversed, according to Bloomberg, it could add $1.6 trillion to the national economy.
  • Conference Speakers: Cash-Starved States Increasingly Aggressive on Taxes

    By:
    Chris Gaetano
    |
    Dec 9, 2020
    Companies that moved their business online because of the pandemic, with activities increasingly cross state lines, are finding new tax liabilities, leveled by increasingly cash-strapped state governments; these states have eroded some of the protections that the companies had enjoyed for years, according to a pair of speakers at the Foundation for Accounting Education's New York and Tri-State Taxation Conference on Wednesday.
  • White House Reenters Stimulus Fray with Deal of Own

    By:
    Chris Gaetano
    |
    Dec 9, 2020
    The White House has reentered negotiations over a new stimulus package by proposing a different plan than the one currently being considered by lawmakers.
  • NYS Tax Commissioner to NYSSCPA: You Spoke, We Listened

    By:
    Chris Gaetano
    |
    Dec 9, 2020
    New York State Tax Commissioner Michael R. Schmidt, who spoke at the Foundation for Accounting Education's New York and Tri-State Taxation Conference on Wednesday, pointed out that a number of new initiatives that the Department of Taxation and Finance has worked on came directly from engagement with the NYSSCPA.
  • CPA Roundtable: What Has Been the Biggest Challenge for You in the Transition to Remote Work?

    By:
    Chris Gaetano
    |
    Dec 8, 2020
    The Trusted Professional asked NYSSCPA members about the biggest challenge for them in the transition to remote work. Here are two notable responses.
  • Bipartisan Stimulus Proposal Sees Opposition from Both Left and Right

    By:
    Chris Gaetano
    |
    Dec 8, 2020
    The $900 billion bipartisan stimulus deal currently being negotiated has opponents on both the left and the right, making the goal of a quick deal without a fight increasingly unlikely.
  • Poll: 45 Percent Cannot Remember Last Time They Adjusted Tax Withholding

    By:
    Chris Gaetano
    |
    Dec 8, 2020
    A recent poll has found that nearly half of American taxpayers, 45 percent, cannot remember the last time they adjusted their tax withholding.
  • Physical Threats Against Companies Rise

    By:
    Chris Gaetano
    |
    Dec 8, 2020
    The wave of mass layoffs in the pandemic, as well as recent public statements on social issues, has led to a rise in physical threats against companies, their leaders and employees.