Latest Accounting, tax preparation and payroll services News

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No peeking, voters: Court keeps Trump taxes private for now

Jul. 9, 2020 4:03 PM EDT

WASHINGTON (AP) — Rejecting President Donald Trump’s complaints that he's being harassed, the Supreme Court ruled Thursday in favor of a New York prosecutor’s demands for the billionaire president’s tax records. But in good political news for Trump, his taxes and other financial...

FILE - In this March 25, 2015 file photo, CEO Mark Zuckerberg gives the keynote address during the Facebook F8 Developer Conference in San Francisco. A two-year audit of Facebook’s civil rights record found that the company’s elevation of free expression, especially by politicians, above other values has hurt its progress on other matters like discrimination, elections interference and protecting vulnerable users. (AP Photo/Eric Risberg, File)

Five takeaways from Facebook's civil rights audit

Jul. 8, 2020 5:46 PM EDT

A two-year audit of Facebook’s civil rights record found that the company’s elevation of free expression — especially by politicians — above other values has hurt its progress on other matters like discrimination, elections interference and protecting vulnerable users. Facebook hired...

FILE - In this Sunday, April 2, 2017, file photo, Tim McGraw, left, and Faith Hill arrive at the 52nd annual Academy of Country Music Awards at the T-Mobile Arena in Las Vegas. The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected. A Nashville, Tenn., company called “Road Dog Touring, Inc.” was approved for a small business loan of $2 million to $5 million. The company owns the official website for country singer Tim McGraw, timmccgraw.com, and a joint official site with his wife, Faith Hill, timandfaith.com. (Photo by Jordan Strauss/Invision/AP, File)

Kanye West? Tim McGraw? Girl Scouts? All got PPP loans

Jul. 7, 2020 6:56 PM EDT

WASHINGTON (AP) — The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected. Clothing lines by...

A P.F. Chang China Bistro restaurant is seen in Omaha, Neb., Tuesday, July 7, 2020. The restaurant is among big corporate names on the government’s list of 650,000 recipients of coronavirus relief loans despite the controversy that prompted other high-profile businesses to return billions of dollars in loans. P.F. Chang’s China Bistro said its loan of between $5 million and $10 million helped keep 12,000 workers employed as it transitioned its over 210 restaurants to take-out.  (AP Photo/Nati Harnik)

Small business program scrutinized for loans to big firms

Jul. 7, 2020 4:13 PM EDT

NEW YORK (AP) — Congress set aside $659 billion to throw a lifeline to small businesses and organizations side-swiped by the coronavirus pandemic and to help paychecks keep flowing to workers who might otherwise head to the unemployment line. Yet that's not exactly how it worked out. Among the 650,000...

FILE - Hot air balloons are inflated during the annual Albuquerque International Balloon Fiesta in Albuquerque, N.M., on Saturday, Oct. 5, 2019. The Santa Fe Opera, Meow Wolf and the non-profit organization that puts on the Albuquerque International Balloon Fiesta are among the New Mexico businesses that received loans from the federal government as part of massive effort to support the economy amid the coronavirus outbreak. (AP Photo/Susan Montoya Bryan, file)

Kanye West? The Girl Scouts? Hedge funds? All got PPP loans

Jul. 6, 2020 7:15 PM EDT

WASHINGTON (AP) — The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected. Kanye West's...

FILE - In this Feb. 5, 2020, file photo, a W-4 form is viewed in New York. As the coronavirus pandemic took hold this spring, the federal government postponed the traditional April 15 filing deadline until July 15. The move provided some economic and logistic relief for taxpayers dealing with the disruptions and uncertainty brought on by lockdowns, school closures and shuttered businesses. But now that new deadline is rapidly approaching. (AP Photo/Patrick Sison, File)

No more delays: What to know about the July 15 tax deadline

Jul. 6, 2020 2:03 PM EDT

It’s time to do your taxes — no more delays. As the coronavirus pandemic took hold this spring, the federal government postponed the traditional April 15 filing deadline until July 15. The move provided some economic and logistical relief for taxpayers dealing with the disruptions and uncertainty...

FILE - In this June 25, 2020 file photo, a price sign is displayed at a retail store as a store employee wears a mask while working in Niles, Ill. Small businesses can still get help from the government’s coronavirus relief plan after Congress extended the Paycheck Protection Program until Aug. 8. The program that had been set to expire last week still has more than $130 billion left after giving out more than 4.8 million loans since its April 3 start. (AP Photo/Nam Y. Huh, File)

Q&A: The nuts and bolts of the Paycheck Protection Program

Jul. 6, 2020 12:09 PM EDT

NEW YORK (AP) — Small businesses can still get help from the government’s coronavirus relief plan after Congress extended the Paycheck Protection Program until Aug. 8. The program that was set to expire Tuesday still has nearly $132 billion left after giving out more than 4.8 million loans since it...

First phase of new tax processing system begins in Maryland

Jul. 6, 2020 11:19 AM EDT

ANNAPOLIS, Md. (AP) — Maryland’s comptroller office launched the first phase of the agency’s new tax processing system on Monday, Comptroller Peter Franchot said. The first phase of the $160 million system called Compass focuses on alcohol tax collection and license renewals. The...

Wisconsin records 522 COVID-19 cases, no deaths

Jul. 5, 2020 4:54 PM EDT

MADISON, Wisc. (AP) — Wisconsin health officials reported 522 more confirmed cases of the coronavirus on Sunday, but no new deaths from COVID-19. The state has seen an uptick of cases from people in their 20s, with the age group accounting for nearly a quarter of cases statewide, according to the Wisconsin...

Tennessee hires accounting firm to help with $7B COVID funds

Jul. 3, 2020 12:10 PM EDT

NASHVILLE, Tenn. (AP) — The Lee Administration will pay $250,000 to private accounting firm the Horne Group to help it handle more than $7 billion in federal COVID-19 relief funds, the Daily Memphian reported. The national firm with offices in Memphis, Nashville and Jackson will be responsible for setting...