Finance

Extended Unemployment Benefits Expire This Weekend
Finance

Extended Unemployment Benefits Expire This Weekend

December 27, 2013 By Steven Wishnia This weekend, 1.3 million Americans who have been out of work for more than six months will file for their last unemployment checks. The bipartisan federal budget deal worked out earlier this month did not continue the Emergency Unemployment Compensation program, which has provided those benefits since June 2008.

New York City Jobs Report November 2013
Finance

New York City Jobs Report November 2013

December 26, 2013 By Stephanie West New York City's unemployment rate in November 2013 is higher than the state's (7.4%) and the nation's (7.0%). New York City's unemployment rate has been higher than the nation's for 26 months. New York City gained 113,700 private sector jobs since November 2012.

Liu Statement on Tax-Payer-Funded Subsidies
Finance

Liu Statement on Tax-Payer-Funded Subsidies

December 11, 2013 New York, N.Y. – City Comptroller John C. Liu made the following statement in response to questions about his vote against $42 million in tax breaks and other benefits for the planned hotel and retail development at Willets Point: “The EDC’s projected benefits of new jobs and tax benefits from the Willets Point…

Watch Out For The Party Poopers
Finance

Watch Out For The Party Poopers

December 6, 2013 By Salvatore J. Armao, CPA/PFS, CFP, CFE Managing Partner, Armao LLP The Department of Labor recently completed a round of audits of collectively bargained apprenticeship and other training programs and scholarship funds. The DOL focused on these particular plans due to abuses found in some routine audits, causing the department to expand…

No Money for Wage Increases in Mayor Bloomberg’s Budget Plan
Finance

No Money for Wage Increases in Mayor Bloomberg’s Budget Plan

November 22, 2013 By Harry Nespoli “Mayor Bloomberg’s Financial Plan released Thursday November 21, 2013 is being touted as extraordinary since it projects two years of balanced budgets –  FYs 2014 and 2015. The problem is that it sets aside essentially no money for wage increases. It is like a home owner developing a budget…

BP Markowitz Statement on Passing of Congressman Major Owens
Finance

BP Markowitz Statement on Passing of Congressman Major Owens

October 25, 2013   “Congressman Major Owens was an intellectual giant in public service and a true believer that government exists to advance the quality of life for its residents. He will be dearly missed by all Brooklynites, especially those who were fortunate enough to benefit from his leadership. Jamie and I extend our condolences…

Raising Water  Rates Again is Unacceptable
Finance

Raising Water Rates Again is Unacceptable

October 22, 2013 By Manhattan Borough President Scott Stringer  New York, NY — “The announcement that New Yorkers will be burdened with another water rate increase is unacceptable and unsustainable. “Water infrastructure, like roads, rails, energy, and airports, must be funded from Washington, as well as from Albany and New York City. The U.S. government…

NYS Revenue Increasing
Finance

NYS Revenue Increasing

September 24, 2013 By Stephanie West Albany, NY – Tax revenues for the first five months of the state fiscal year were $69.8 million over updated budget projections, according to the August cash report recently released by New York State Comptroller Thomas P. DiNapoli. Year-to-date tax collections are up 10.3 percent from the same period…

Federal Legislative Update
Finance

Federal Legislative Update

September 23, 2013 By Stephanie West Washington, DC – H.J. Res 59 keeps funding through December 15th at a level of $986.3 billion that assumes a continuation of the across-the-board spending cuts known as sequestration. House Democrats oppose the $986 billion level as too low and both House and Senate Democrats solidly reject the attempt…

Feeling confident that your organization is operating efficiently? Not so fast!
Finance

Feeling confident that your organization is operating efficiently? Not so fast!

September 17, 2013 By Salvatore J. Armao, CPA/PFS, CFP, CFE You’ve had your financial statements audited or reviewed. So now you feel confident that your organization is operating efficiently, is protected from misappropriation of assets and serious accounting errors and that you are in compliance with government filing requirements and regulations. Maybe not.

1 25 26 27 28 29 33