Payroll

May 12, 2020 

These changes extend the claims period for health flexible spending arrangements (FSAs) and dependent care assistance programs and allow taxpayers to make mid-year changes.

May 12, 2020 

Policymakers need to remain focused on the PPP’s original purpose -- to ensure businesses have the financial resources necessary to keep employees paid while government-mandated stay-at-home orders remain in place.

May 11, 2020 

Covid-19 has strongly shaken the labor market in March and April, driving layoffs and unemployment in the U.S. to their highest points since the Great Depression. As of May 1, 2020, about 30 million Americans have lost their jobs ...

Isaac M. O'Bannon

May 11, 2020 

Expert offers tips for anyone who's worried about what to do next (or not to do, as the case may be) in the volatile coronavirus market: First, make sure both you and your financial advisor are fully engaged.

May 11, 2020 

The IRS has sent Coronavirus stimulus payments 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.

Ken Berry, JD

May 10, 2020 

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)

May 8, 2020 

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.

May 7, 2020 

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 ...

May 7, 2020 

In the best-case scenario, businesses may be able to host and attend scaled-down in-person events sometime this summer. If the virus resurges in September, as some experts believe it will, in-person events may not resume before the spring or summer of ...

May 7, 2020  Sponsored

The two newest features in QuickBooks Online Accountant—month-end review and industry benchmarks—can help. Month-end review enables accountants to standardize the process and then uses automation to help deliver accurate books in less time and with ...

May 7, 2020 

You already play a key role in advising your clients on their taxes, so spend the extra time to advise on how to keep track of their PPP loans. Spending time on the front end setting up the recordkeeping and processes will save a lot of time in the ...

May 7, 2020 

Private payrolls slumped by 20.2 million from a month earlier, according to ADP Research Institute data released Wednesday. Employment in March was revised down to a 149,000 decrease from a previously reported 27,000 drop.