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Law, Accounting & Taxes

AG James urges Congress to prohibit crypto investments in 401(k) plans

New York Attorney General Letitia James on Nov. 22 urged congressional leaders to adopt legislation that would prohibit investing retirement funds in digital assets, such as cryptocurrencies, digital coins, and digital tokens.  Individual retirement accounts (IRAs) and defined-contribution retirement plans, like 401(k) plans and 457 plans for government employees, are key retirement investments for millions

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DiNapoli audit details problems with state UI system

ALBANY, N.Y. — The New York State Department of Labor’s (DOL) “failure to replace its long-troubled” unemployment-insurance (UI) system and ad-hoc workarounds to compensate for the old system “weakened” oversight and “ultimately contributed to an estimated billions of dollars in improper payments” during the COVID-19 pandemic.  That’s according to an audit that New York State Comptroller

VPorts to create first international electric, advanced air-mobility corridor between Syracuse and Quebec

SYRACUSE, N.Y. — A Canadian company on Tuesday announced plans to create the first international electric, advanced air mobility (AAM) corridor between Syracuse Hancock International

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