Accounting

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May 8, 2020 

Unemployment Rate Hits 14.7%, Highest Since Great Depression

The U.S. economy suffered its biggest labor market shock on record, as government figures released Friday showed the COVID-19 pandemic erased 20.5 million jobs and sent the nation’s unemployment rate to 14.7%, the highest since the Great Depression.

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May 8, 2020 

A Better Payments Readiness Model for the New World

Difficult economic times are ahead. We don't know how difficult they’ll be, or how long they’ll last, but finance teams around the globe are bracing for them. Cash management and cost-cutting will be essential.

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May 7, 2020 

Key AP Automation Trends During COVID-19 and Beyond

The COVID-19 pandemic has affected individuals and businesses in many ways, including creating a heightened need to expedite payments and manage cash flow more effectively. Keeping money flowing between organizations is critical for financial ...

Covid Taxes IRS

May 7, 2020 

3 Tax Credits for Businesses Impacted by Covid-19

The employee retention credit is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.

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May 7, 2020 

Post-Covid Business Forecast: Less Travel, More Work from Home

On average financial leaders were 70 percent certain they would alter work-from-home or travel policies in response to the COVID-19 mandatory stay-at-home or shelter-in-place orders. These changes will come in two phases; near-term, which is ...

ADP Jobs Report April 2020

May 7, 2020 

20 Million Jobs Lost Between Mid-March and Mid-April

Private payrolls slumped by 20.2 million from a month earlier, according to ADP Research Institute data released Wednesday. Employment in March was revised down to a 149,000 decrease from a previously reported 27,000 drop.