Latest Accounting, tax preparation and payroll services News
Court tosses convictions of former Wilmington Trust execs
DOVER, Del. (AP) — A federal appeals court has overturned the convictions of four former executives for the only financial institution to be criminally charged in connection with the federal bank bailout program. A three-judge panel on Tuesday reversed the convictions of the former Wilmington Trust...
IRS gets more relief payments out after delays
The IRS said that after initial problems, it is getting more of the second round of relief payments to taxpayers. The government began distributing the payments, worth $600 per eligible adult and dependent, at the end of December. However, many people who filed their taxes with an online preparation service...
More coronavirus relief on the way for small businesses
NEW YORK (AP) — For Nancy Sinoway, a second coronavirus relief loan would increase the chances that her dressmaking business will survive. “I could use it for marketing, for new samples. I could use it as a lifeline,” says Sinoway, who designs and makes dresses for occasions like weddings and...
Didn't get your relief payment yet? You aren't alone
Didn't get your second relief check yet? You aren't alone. While the IRS and Treasury have distributed the bulk of the anticipated $164 million in second-round of relief payments for Americans faster than the first time, millions have not gotten payments yet or found hiccups in the distribution. The latest...
Some taxpayers find relief payments sent to wrong account
A number of taxpayers who use tax preparation services, such as H&R Block and TurboTax, say their second relief payments were sent to the incorrect bank account, forcing them to wait longer for their money. The IRS and the Treasury Department began issuing the Economic Impact Payments last week. The payment...
Minority-owned companies waited months for loans, data shows
NEW YORK (AP) — Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks that would accept their applications or were disadvantaged by the terms of the program. Data from the Paycheck Protection Program...
As small businesses await new US aid, it's too late for some
NEW YORK (AP) — Clay Reynolds is starting to make peace with a gut-wrenching reality: He may have to once again close his business, Arrichion Hot Yoga and Circuit Training. The $900 billion pandemic relief package that Congress has just approved contains billions in aid directed specifically at struggling...
China criticizes US corporate auditing penalties
BEIJING (AP) — China’s government on Monday called on Washington not to enforce a measure that might expel Chinese companies from U.S. stock exchanges if they fail American government audits. The law, signed Friday by President Donald Trump, is a response to complaints Chinese companies were...
UK sees record number of job losses during 3- month period
LONDON (AP) — The number of people in the U.K. who lost their jobs hit a record high in the three months through October during the run-up to the planned ending of a government salary support scheme, official figures showed Tuesday. The Office for National Statistics said redundancies reached 370,000 in...
Offutt Air Force lab brings closure to Pearl Harbor families
OMAHA, Neb. (AP) — The remains of Nebraska and Iowa sailors who were killed in the attack on Pearl Harbor 79 years ago will get to return home soon thanks to the work of experts at Offutt Air Force Base. It's part of a five-year effort to identify Navy sailors and Marines who went missing while serving on...
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