Latest Accounting, tax preparation and payroll services News

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...

FILE - In this April 29, 2020 file photo, a man walks past a closed business in Shaker Heights, Ohio.  Many people consider the Paycheck Protection Program that promised nearly $670 billion in forgivable loans to help companies rehire laid-off workers to already be a success because millions of businesses have gotten the money. But owners and business groups have said loans weren’t getting to companies most in need and it wasn’t arriving fast enough.  (AP Photo/Tony Dejak, File)

Loan program is short-term fix, not cure-all, for businesses

May. 7, 2020 4:53 PM EDT

NEW YORK (AP) — The Trump administration has dispensed about $530 billion to millions of small businesses to cushion them from the sharp downturn induced by the coronavirus. The question is: how effective will the Paycheck Protection Program be? Some small business owners say the program’s low-cost...

FILE- In this Sept. 15, 2014 file photo, President Barack Obama bestows the Medal of Honor on retired Army Command Sgt. Maj. Bennie G. Adkins in the East Room of the White House in Washington. Adkins was deployed three times to Vietnam with the Special Forces and is being recognized for actions during his second combat tour, in 1966, when he ran wounded through enemy fire to drag injured comrades to safety. Adkins died of coronavirus on April 17, 2020 at the age of 86. (AP Photo/Carolyn Kaster)

Lives Lost: Alabama Medal of Honor winner downplayed heroism

May. 7, 2020 10:06 AM EDT

BIRMINGHAM, Ala. (AP) — Decades after the Vietnam War, retired Army Command Sgt. Maj. Bennie Adkins had a simple way of explaining how he survived mortar attacks and rifle bullets that killed so many people all around him. “It was not my day,” he’d say. Then the coronavirus found...

FILE - In this Oct. 17, 2018, file photo, former NFL quarterback Brett Favre speaks with reporters in Jackson, Miss., about his support for Willowood Developmental Center, a facility that provides training and assistance for special needs students, The Mississippi state auditor said Wednesday, May 6, 2020, that Favre is repaying $1.1 million he received for multiple speaking engagements where auditor’s staffers said Favre did not show up. An audit of the Mississippi Department of Human Services, released May 4, said a nonprofit group used welfare money to pay Favre for $500,000 in December 2017 and $600,000 in June 2018. Favre is not charged with any wrongdoing. (AP Photo/Rogelio V. Solis, File)

Favre repaying $1.1 M for no-show speeches, auditor says

May. 6, 2020 9:53 PM EDT

JACKSON, Miss. (AP) — Former NFL quarterback Brett Favre is repaying $1.1 million in welfare money that he received for multiple speeches where he did not show up, the Mississippi state auditor said Wednesday. Auditor Shad White said his office received $500,000 from Favre on Wednesday, plus a commitment...

Allie Arredonodo, wears a face mask as she tries on shoes at Journey's shoe store in the Yuba Sutter Mall in Yuba City, Calif., Wednesday, May 6, 2020. Several dozen shoppers streamed into the first California mall to reopen Wednesday, despite Gov. Gavin Newsom's orders restraining businesses because of the coronavirus pandemic. (AP Photo/Rich Pedroncelli)

Life in a pandemic: job cuts, Peloton sales, homemade bread

May. 6, 2020 6:43 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to central governments, the work place and the spread of the virus. ________________________ JOB LOSSES: The pandemic jolted the global economy and millions of jobs have...

FILE - This April 29, 2020 file photo, a passer-by wearing a mask out of concern for the COVID-19 coronavirus, background center, walks past mannequins in a clothing store in Boston.  The nation’s small businesses slashed more than 11 million jobs in April as they were forced to close or suffered steep revenue losses amid the coronavirus outbreak. That report comes from payroll provider ADP, which counted the jobs lost at its business customers with under 500 workers. (AP Photo/Steven Senne, File)

Small businesses cut jobs while waiting for government loans

May. 6, 2020 1:14 PM EDT

NEW YORK (AP) — While thousands of small businesses waited for coronavirus relief money to arrive, they were shutting down and laying off workers. Two reports issued this week shed light on the crisis that business owners have been struggling through since the coronavirus hit. On Wednesday, payroll...