Accounting

Treasury Checks

May 11, 2020 

IRS Sees Dead People With Stimulus Checks

The IRS has discovered that it has mailed checks to deceased people by mistake. It’s unclear how many such checks have been delivered, but it’s thought to be significant, because about 2 million people in the U.S. die each year.

Coronavirus Payments by State 1

May 10, 2020 

IRS Releases State-by-State List of Coronavirus Stimulus Payments

The Treasury Department and the IRS have released updated state-by-state figures for Economic Impact Payments, with approximately 130 million individuals receiving payments worth more than $200 billion in the program’s first four weeks. (Up through May 8)

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May 8, 2020 

Unemployment Rate Hits 14.7%, Highest Since Great Depression

The U.S. economy suffered its biggest labor market shock on record, as government figures released Friday showed the COVID-19 pandemic erased 20.5 million jobs and sent the nation’s unemployment rate to 14.7%, the highest since the Great Depression.

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May 8, 2020 

A Better Payments Readiness Model for the New World

Difficult economic times are ahead. We don't know how difficult they’ll be, or how long they’ll last, but finance teams around the globe are bracing for them. Cash management and cost-cutting will be essential.

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May 7, 2020 

Key AP Automation Trends During COVID-19 and Beyond

The COVID-19 pandemic has affected individuals and businesses in many ways, including creating a heightened need to expedite payments and manage cash flow more effectively. Keeping money flowing between organizations is critical for financial ...

 3 Tax Credits for Businesses Impacted by Covid-19

May 7, 2020 

3 Tax Credits for Businesses Impacted by Covid-19

The employee retention credit is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.