Latest Accounting, tax preparation and payroll services News
Survey: Companies added 2.4 million jobs in June
WASHINGTON (AP) — U.S. companies added nearly 2.4 million jobs in June, according to a private survey, a large gain that still leaves total employment far below its pre-pandemic levels. The payroll company ADP said Wednesday that small businesses reported the biggest increase, adding 937,000 jobs. Among...
Wirecard goes bust as scandal puts focus on German oversight
FRANKFURT, Germany (AP) — An accounting scandal at one of Germany’s fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile cases of fraud, led to questions about the country’s ability to oversee its corporate...
Wirecard scandal puts spotlight on German company regulation
FRANKFURT, Germany (AP) — An accounting scandal at one of Germany’s fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile cases of fraud, led to questions about the country’s ability to oversee its corporate...
Ex-CEO of Wirecard arrested in scandal over missing billions
BERLIN (AP) — The former CEO of German financial technology company Wirecard has been arrested on suspicion of misrepresenting the firm's finances in an accounting scandal that centers on a missing 1.9 billion euros ($2.1 billion), prosecutors in Munich said Tuesday. Markus Braun resigned on Friday after...
Wirecard scandal: Missing billions likely don't exist
BERLIN (AP) — German payment service provider Wirecard said Monday it has concluded that 1.9 billion euros ($2.1 billion) which were supposed to be held in two accounts probably don't exist, deepening troubles that last week prompted the resignation of its chief executive. Wirecard AG was once regarded as...
Wirecard CEO quits after auditors can't find $2.1 billion
FRANKFURT, Germany (AP) — The chief executive of German payment service provider Wirecard AG resigned on Friday after the company disclosed that auditors could not find 1.9 billion euros ($2.1 billion) in cash, adding to the accounting woes of a firm once regarded as a star of the growing financial...
Treasury chief refusing to disclose recipients of virus aid
WASHINGTON (AP) — Building ramparts of secrecy around a $600 billion-plus coronavirus aid program for small businesses, Treasury Secretary Steven Mnuchin has moved from delay to denial in refusing outright to disclose the recipients of taxpayer-funded loans. Mnuchin told Congress at a hearing this week...
Treasury chief refusing to disclose recipients of virus aid
WASHINGTON (AP) — Building ramparts of secrecy around a $600 billion-plus coronavirus aid program for small businesses, Treasury Secretary Steven Mnuchin has moved from delay to denial in refusing outright to disclose the recipients of taxpayer-funded loans. Mnuchin told Congress at a hearing this week...
UCLA professor: No racism in refusing to cancel final
LOS ANGELES (AP) — A University of California, Los Angeles, professor suspended over an email exchange with a student who wanted a final exam canceled or changed because of racial unrest said he’s receiving threats and wants his "reputation restored" after what he calls unfounded allegations of...
Senate passes fix for small-business coronavirus relief
WASHINGTON (AP) — The Senate on Wednesday passed legislation to make it easier for businesses struggling during the coronavirus pandemic to take advantage of a payroll subsidy program that's been a central part of Washington's response to the corresponding economic crisis. The Senate passed the bill by...
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