Latest Accounting, tax preparation and payroll services News

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...

Remains of Pennsylvania Marine killed in WWII identified

Nov. 6, 2019 4:18 PM EST

WASHINGTON, D.C. (AP) — Military authorities say the remains of a Marine from Pennsylvania killed in the Pacific during World War II have been identified. The Defense POW/MIA Accounting Agency said Wednesday that 20-year-odl Marine Corps Reserve Pfc. Michael Kocopy of Gardendale was accounted for in...

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...

Attorneys for ex-bank execs seek to dismiss SEC complaint

Nov. 1, 2019 5:11 PM EDT

WILMINGTON, Del. (AP) — Two former executives for the only financial institution criminally charged in connection with the federal bank bailout program are asking a judge to dismiss a civil enforcement action filed against them by federal securities regulators. The Securities and Exchange Commission...

How Warren and Sanders pay for Medicare for All

Nov. 1, 2019 3:03 PM EDT

WASHINGTON (AP) — Here's a look at Massachusetts Sen. Elizabeth Warren's proposals to pay for Medicare for All and how they compare to financing options identified by Vermont Sen. Bernie Sanders. Both are running to be the Democratic presidential nominee in 2020. WARREN —Employer Medicare...

Lyft loses money again but eyes profits in about 2 years

Oct. 30, 2019 7:30 PM EDT

NEW YORK (AP) — Lyft is still losing staggering sums of money as it barrels ahead with impressive revenue growth, but its executives said they believe the company will turn a corner and reach profitability in about two years. The ride-hailing heavyweight brought in $955.6 million in revenue in the third...