Latest Accounting, tax preparation and payroll services News

Trump wants Supreme Court to block subpoena for his taxes

Nov. 14, 2019 5:46 PM EST

WASHINGTON (AP) — President Donald Trump is asking the Supreme Court to block a subpoena for his tax returns, in a test of the president’s ability to defy investigations. The filing Thursday sets the stage for a high court showdown over the tax returns Trump has refused to release, unlike every...

NASA warned of safety risks in delayed private crew launches

Nov. 14, 2019 5:33 PM EST

CAPE CANAVERAL, Fla. (AP) — NASA auditors warned Thursday the space agency faces “significant safety and technical challenges” that need to be solved before astronauts fly in private capsules. In its report, NASA’s inspector general office noted Boeing and SpaceX are several years late...

Court rejects Trump’s appeal in fight over financial records

Nov. 13, 2019 9:41 PM EST

WASHINGTON (AP) — A federal appeals court will not take up President Donald Trump’s appeal of a ruling that his accounting firm must turn over financial records to Congress. The order was handed down Wednesday by the U.S. Court of Appeals for the District of Columbia Circuit. It is almost certain...

Texas: Evangelical women's health group owes state $1.5M

Nov. 8, 2019 2:21 PM EST

HOUSTON (AP) — An anti-abortion group that has come under fire for failing to fulfill its promise to provide health services to thousands of low-income Texas women owes the state more than $1.5 million for reimbursement payments that were either inflated or that the state shouldn't have paid at all,...

Saudi recruitment of Twitter workers reflects insider risks

Nov. 7, 2019 11:04 PM EST

Allegations that two former Twitter employees spied on users for the Saudi government have spotlighted the threat posed by insiders who exploit their access to the mountains of sensitive data held by tech companies. The Twitter case adds an alarming international dimension to the longstanding problem of rogue...

Warren health plan departs from US 'social insurance' idea

Nov. 7, 2019 1:48 PM EST

WASHINGTON (AP) — Sen. Elizabeth Warren's plan to pay for "Medicare for All" without raising taxes on the middle class departs from how the U.S. has traditionally financed bedrock social insurance programs. That might impact its political viability now and in the future. While echoing her party's...

Head of scandal-ridden Massachusetts State Police retires

Nov. 6, 2019 4:03 PM EST

BOSTON (AP) — The head of the scandal-ridden Massachusetts State Police announced Wednesday that she's retiring next Friday, abruptly ending a tumultuous two-year tenure as the state's top cop. Col. Kerry Gilpin largely maintained a low profile as the 2,200-member police force was rocked by waves of...

Markets Right Now: Dow hits record as stocks extend a rally

Nov. 4, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The Dow Jones Industrial Average closed at its first record high since the summer as the stock market's rally carried into a fifth week. Energy and technology companies did the most to pull the market higher Monday....

Under Armour's strong numbers drowned out by investigation

Nov. 4, 2019 1:02 PM EST

BALTIMORE (AP) — A strong quarter from Under Armour was overshadowed by federal investigations into the company's accounting practices. The company also lowered its revenue expectations for the year Monday. The probe, first reported by The Wall Street Journal, is seeking information that would reveal...

Illinois marijuana law aims to undo harm of war on the drug

Nov. 2, 2019 12:20 PM EDT

SPRINGFIELD, Ill. (AP) — When lawmakers crafted the law legalizing marijuana in Illinois, they tried to make sure it would right what many see as past wrongs linked to the drug. In addition to expunging hundreds of thousands of criminal records for marijuana arrests and convictions, the law's architects...