May 14, 2020
3 Million More Americans Join Unemployed Ranks
The number of Americans seeking unemployment benefits remained in the millions for an eighth straight week as the economy continued to reel from the coronavirus pandemic.
May 12, 2020
IRS Makes Changes to Sec. 125 Cafeteria Health Plans
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 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)
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.
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 ...
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May 7, 2020
B2B Virtual Events are Here to Stay – Know the Tax Implications
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
Now Available in QuickBooks Online Accountant: Month-End Review and Industry Benchmarks
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
Loan Forgiveness Rules Under the Paycheck Protection Program and Next Steps
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 ...
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May 6, 2020
Empire SUITE Partners with Presagia for Compliance Solutions
Empire SUITE, a workflow automation and collaboration solution from WSG Systems, has formed an alliance partnership with Presagia, a provider of absence management solutions.
May 6, 2020
Change Management: What the Coronavirus Crisis Revealed
Effective change management can help organizations pivot quickly, decisively, and effectively, even when—perhaps especially when—unforeseen circumstances strike. And while each business is unique, there’s no need to reinvent the wheel.
May 6, 2020
AICPA Expresses Support for Small Business Expense Protection Act and Commends Bipartisan Consensus
The AICPA has been actively supporting small businesses during the pandemic, from leading the small business funding coalition that is working to protect and stabilize the national economy to providing tools and recommendations for CPA firms who are ...
May 5, 2020
Most PPP Applicants Still Face Uncertainty on Loans
As the second round of funding for the Paycheck Protection Program (PPP) became available on April 27, 62 percent of PPP loan applicants were still waiting for funding or approval, according to new research from Paychex, Inc.