Latest Accounting, tax preparation and payroll services News

FILE - In this May 3, 2020, file photo, light shines from inside the U.S. Capitol dome at dusk on Capitol Hill in Washington. (AP Photo/Patrick Semansky)

Senate passes fix for small-business coronavirus relief

Jun. 3, 2020 8:44 PM EDT

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...

FILE - In this May 21, 2020 file photo, a man looks at signs of a closed store due to COVID-19 in Niles, Ill.   U.S. businesses shed 2.76 million jobs in May, as the economic damage from the historically unrivaled coronavirus outbreak stretched into a third month. The payroll company ADP reported Wednesday that businesses have let go of a combined 22.6 million jobs since March.AP Photo/Nam Y. Huh, File)

Survey: 2.76 million layoffs in May, far fewer than expected

Jun. 3, 2020 8:57 AM EDT

BALTIMORE (AP) — U.S. businesses shed 2.8 million jobs in May, significantly less than the 9.3 million job losses that were expected. The payroll company ADP reported Wednesday that businesses have let go of a combined 22.6 million jobs since March, with the bulk of the layoffs occurring in April. The...

Insider who stole from Lake Michigan ferry pleads guilty

Jun. 2, 2020 11:37 AM EDT

LUDINGTON, Mich. (AP) — A man who handled finances at a Lake Michigan ferry company pleaded guilty Tuesday to fraud in a scheme to steal money from the business. Paul Piper of Ludington also pleaded guilty to a tax crime and agreed to pay $363,926 to the Internal Revenue Service. Piper was the controller...

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, May 29, 2020. Shares fell Friday in Asia after Wall Street’s rally petered out amid worries about flaring U.S.-China tensions. (AP Photo/Eugene Hoshiko)

Stocks erase a loss as worries over China tensions fizzle

May. 29, 2020 5:13 PM EDT

Stocks closed out a solid week on Wall Street Friday with a late-afternoon rebound after worries that President Donald Trump would reignite a costly trade war with China faded. The benchmark S&P 500 index rose 0.5%, recovering from a 1% slide, after Trump outlined several actions in response to a move by...

Diana Rubito, foreground, plays with her son Bryce in the afternoon sun where they had the beach nearly all to themselves Tuesday afternoon, May 26, 2020 in Auburn, Maine. There were not many people swimming and taking advantage of the ideal weather at Crescent Beach Tuesday.   (Russ Dillingham/Sun Journal via AP)

Emergency operations center shut after workers show symptoms

May. 28, 2020 2:52 PM EDT

PORTLAND, Maine (AP) — Maine temporarily closed its state emergency operations center after seven employees showed coronavirus symptoms, forcing the remaining staff to begin conducting operations remotely on Thursday. The seven workers represented half of the staff working in the center during the...

Legislative allowances paid after Alaska lawmakers recessed

May. 15, 2020 6:35 PM EDT

JUNEAU, Alaska (AP) — The Alaska Legislature suspended its session in late March over coronavirus concerns, but records show one-third of lawmakers accepted a nearly $300 daily payment for three weeks beyond that — until what would have been the end of the 90-day session. Records provided by the...

Auto loan company execs accused of stealing from firm

May. 15, 2020 5:50 PM EDT

CHICAGO (AP) — Executives of a suburban Chicago auto loan company and an accountant have been charged with misappropriating more than $5 million from a suburban Chicago auto loan company, federal prosecutors announced Friday. James Collins, 50, chief executive of Evanston-based Honor Finance LLC, the...

DOJ: Reality star spent emergency loan on Rolex, Rolls Royce

May. 13, 2020 7:33 PM EDT

ATLANTA (AP) — A reality TV star in Atlanta used an emergency loan from the federal government to lease a Rolls Royce, make child support payments and purchase $85,000 worth of jewelry, authorities said Wednesday. Maurice Fayne, who goes by Arkansas Mo on the VH1 show “Love & Hip Hop: Atlanta,"...

FILE - In this May 7, 2020, file photo, President Donald Trump speaks during a meeting about the coronavirus response in the Oval Office of the White House in Washington. The Supreme Court is taking up Trump’s bid to keep his tax, bank and financial records private, a major clash over accountability that could affect the 2020 presidential campaign. (AP Photo/Evan Vucci, File)

Supreme Court appears likely to reject Trump immunity claim

May. 12, 2020 3:56 PM EDT

WASHINGTON (AP) — The Supreme Court on Tuesday appeared likely to reject President Donald Trump's claim that he is immune from criminal investigation while in office. But the court seemed less clear about exactly how to handle subpoenas from Congress and the Manhattan district attorney for Trump's tax,...

FILE - In this May 7, 2020, file photo President Donald Trump listens during a meeting about the coronavirus response in the Oval Office of the White House in Washington. Trump is hoping to persuade a Supreme Court with two of his appointees to keep his tax and other financial records from being turned over to lawmakers and a New York district attorney. The justices are hearing arguments by telephone Tuesday, May 12. (AP Photo/Evan Vucci, File)

Trump asking justices to bar demands for taxes, bank records

May. 10, 2020 10:03 AM EDT

WASHINGTON (AP) — President Donald Trump is hoping to persuade a Supreme Court with two of his appointees to keep his tax and other financial records from being turned over to lawmakers and a New York district attorney. The justices are hearing arguments by telephone Tuesday in a pivotal legal fight that...