News Feed

Michael Moeser
June 4, 2020 9:00 AM

The coronavirus pandemic has changed the way many industries conduct business — and that's especially true of the legal cannabis industry, which was already struggling in the U.S. to find the best way to handle noncash payments.

3 Min Read
Visitors at Shanghai Disneyland
John Adams
June 4, 2020 12:01 AM

Walt Disney Co. has at least temporarily cut several reservation and incentive features tied to its closed loop payment system, revealing the complexities of mixing health guidance with tourism.

4 Min Read
gusto-screen-2020.png
Michael Cohn
June 3, 2020 5:44 PM

The payroll provider has been partnering with accountants to help them secure loans for their small businesses.

5 Min Read
Sign in front of IRS building in Washington, D.C.
IRS
Michael Cohn
June 3, 2020 3:20 PM

The Internal Revenue Service is giving retirement plan participants and beneficiaries some added flexibility during the COVID-19 pandemic to remotely sign or have their retirement plan elections notarized.

2 Min Read
FASB chairman Russell Golden
Michael Cohn
June 3, 2020 2:48 PM

The Financial Accounting Standards Board released an accounting standards update providing a one-year effective date delay for private companies and organizations to apply the revenue recognition and leases standards due to COVID-19, although they still have the option to apply the standards early.

4 Min Read
Patrons play slot machines at the Mohegan Sun at Pocono Downs in Wilkes-Barre, Pa.
By Jon Prior
June 3, 2020 2:14 PM

Two years ago, the Tulsa, Okla., company expanded its Native American casino lending business nationwide. It seemed like a great plan until the coronavirus pandemic struck.

4 Min Read
Paul Burton
June 3, 2020 12:22 PM

Comptroller Kevin Lembo forecast a $620 million fiscal 2020 deficit in his monthly update to Gov. Ned Lamont.

3 Min Read
AT-042420- Coronavirus Services offered GRAPH
Ira Rosenbloom
June 3, 2020 11:29 AM

Highs, lows, curveballs and surprises are routine for every business, including accounting firms. Pandemics, however, are not routine (thankfully!). This crisis tests and provokes us all to the extreme.

3 Min Read
Andrew Hoag, CEO of Teampay
Kate Fitzgerald
June 3, 2020 11:11 AM

Innovating is tough even in ordinary times, but during the coronavirus pandemic many payments startups had to dig into deeper reserves of creativity and resilience to meet expectations.

5 Min Read
AT-060320-ADPMay2020JobsReportChart.png
Michael Cohn
June 3, 2020 10:48 AM

Private sector employers slashed at least 2,760,000 jobs from April 12 to May 12, according to payroll giant ADP, on top of the 20 million job cuts in the previous monthly period.

2 Min Read