Latest Articles

July 30, 2020 

Gross domestic product shrank 9.5% in the second quarter from the first, a drop that equals an annualized pace of 32.9%, the Commerce Department’s initial estimate showed on Thursday. That’s the steepest annualized decline in quarterly records dating ...

July 30, 2020 

In addition, 30% of small businesses opened Paycheck Protection Program loans from the Small Business Administration, 24% accessed cash from a business savings account, 20% used a business credit card for financing and 9% took out another type of loan.

July 29, 2020 

As we head into August, when Congress is scheduled for a recess, lawmakers are poised to present another COVID-19 relief package to the president for his signature. But the Democratic-controlled House and the Senate Republicans still have to hash out ...

July 29, 2020 

Missed rent payments have grown -- 12.4% of renter households paid no rent during the first two weeks of July, up from 9.9% the previous year -- but by much less than might be expected given record levels of unemployment.

July 29, 2020 

Governors and lawmakers in at least eight states have used millions of federal coronavirus relief dollars to protect businesses from tax increases as unemployment skyrockets.

July 29, 2020 

If approved, a tax between 0.1%-0.6% would be tacked on to the annual business tax payment of companies in the city that compensate their executives at a rate 100 times greater than their median employee.

July 29, 2020 

The business interest expense deduction limitation does not apply to certain small businesses whose gross receipts are $26 million or less, electing real property trades or businesses, electing farming businesses, and certain regulated public utilities.

July 29, 2020 

The AICPA Scholarship for Accounting Students in Minneapolis/St. Paul provides $5,000 to accounting students attending colleges or universities in Minneapolis or St. Paul to help cover any education related expenses.

July 29, 2020 

Four months into the crisis, only 37 percent of survey respondents report that they have been able to bring back at least half their full-time employees.

July 29, 2020 

The Consumer Technology Association (CTA) has announced that CES 2021 will be an all-digital experience. The world's largest technology and innovation tradeshow, CES has been the global stage for 50 years.

July 29, 2020 

The decision marks a major commitment to the Canadian market and Xero’s accelerating investments in North America. Xero will hire product and technology specialists across its cloud accounting platform starting with global Payments, Billing and ...

July 29, 2020 

Under the CARES Act, individuals eligible for coronavirus-related relief may be able to withdraw up to $100,000 from IRAs or workplace retirement plans before Dec. 31, 2020, if their plans allow. In addition to IRAs, this relief applies to 401(k) plans.