2 Min ReadThe Internal Revenue Service guidance caused some consternation among some small businesses and tax experts.
4 Min ReadDivorce and COVID-19 each bring various tax considerations.
7 Min ReadRepublicans universally rejected a $3 trillion stimulus measure drafted by House Democrats to bolster the U.S. economy, but the draft plan has the seeds for an eventual, smaller compromise.
4 Min ReadAs the world grapples with the escalating impact of the pandemic, a stark realization is now sweeping over accounting and finance teams — they’re the ones who have to figure out how countless uncertainties fit into their reporting and GAAP.
4 Min ReadThe head of the U.S. central bank said its emergency credit programs were not designed to prop businesses up over the long term.
4 Min ReadCritics of the Community Reinvestment Act revamp want to freeze the rulemaking process. That would only delay financial help to New York and other hard-hit cities.
4 Min ReadThe Ohio Democrat's criticism of Rodney Hood, chairman of the National Credit Union Administration, echoed complaints from bankers that the regulator was using the chaos from the pandemic to push through changes.
7 Min ReadHouse Democrats proposed a $3 trillion virus relief bill Tuesday, combining aid to state and local governments with direct cash payments, tax breaks, expanded unemployment insurance and food stamp spending as well as a list of progressive priorities like funds for voting by mail and the troubled U.S. Postal Service.
3 Min ReadPadgett Business Services’ Roger Harris suggests some exceptions for employers with fewer than 50 staff.
2 Min ReadThe challenges for corporate reporting after COVID-19
5 Min ReadWe have all spent so much time and energy applying for the Paycheck Protection Program, trying to interpret and decipher the intent behind the words.
4 Min ReadBanks could end up holding many low-rate Paycheck Protection Program loans on their books for two years, and dealing with irate borrowers who failed to meet federal requirements for forgiveness.
8 Min ReadUp to 12% of loans under the $660 billion small-business rescue program could be tied to misleading or completely phony applications, fueling concerns about lenders' potential liability.
3 Min ReadHouse Speaker Nancy Pelosi dismissed President Donald Trump’s call for a payroll tax cut and changes in the capital gains tax, saying it wouldn’t help millions of unemployed workers and others struggling in an economy shut down by the pandemic.
5 Min ReadThe American Institute of CPAs’ Professional Ethics Executive Committee has decided to postpone the effective dates for three of its ethics interpretations in its Code of Professional Conduct for one year, due to the impact of the novel coronavirus pandemic.
4 Min ReadFinancial executives are taking a two-phase approach to managing coronavirus issues that face their companies, according to a new survey.
3 Min ReadWhen the coronavirus pandemic began, Square pushed hard to get a bigger share of merchants' online sales and consumers' stimulus spending — and even received its long-desired bank license — but found that this wasn't enough to offset the effects of the crisis.
3 Min ReadThe Internal Revenue Service has posted information on how people who weren’t supposed to receive their economic impact payments for the novel coronavirus pandemic should return the money.
3 Min ReadA bipartisan group of lawmakers introduced legislation Wednesday to enable small businesses to deduct their expenses even if they have received a loan from the federal government’s Paycheck Protection Protection Program that was later forgiven.
1 Min ReadVisa is delaying previously announced interchange and fee changes until April 2021, except for changes in the supermarket category, which will remain on the same schedule.
