Benefits
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New Tax Scam Targets Clean Energy Tax Credit
Fewer Workers Planning to Change Jobs
Oklahoma Taxpayers Get Extended Deadline Due to Storms
California Gas Tax Increases
House Passes $3 Trillion Stimulus Plan, Includes Additional $1,200 Checks
The measure, passed 208-199, would give cash-strapped states and local governments more than $1 trillion while providing most Americans with a new round of $1,200 checks.
What’s the Best Entity Type for a Family Business?
Most of your clients probably started their family business solo and with little thought to what happens to the business when the owner gets married and has a family. Smaller owner-operator businesses are usually structured as sole proprietorships with...
Majority of Paycheck Protection Program Applicants Face Loan Status Uncertainty
The study revealed business owners’ optimism has dropped significantly since the start of 2020. On a scale of 1-100 with 1 representing the highest level of pessimism and 100 representing the peak of optimism, ...
COVID-19 Highlights Need for Automation in Accounts Payable Departments
Accounts payable departments that had yet to automate processes before the crisis are facing significant disruption. For example, in accounts payable, simple tasks like receiving, processing and approving paper invoices require onsite teams.
3 Million More Americans Join Unemployed Ranks
The number of Americans seeking unemployment benefits remained in the millions for an eighth straight week as the economy continued to reel from the coronavirus pandemic.
IRS Makes Changes to Sec. 125 Cafeteria Health Plans
These changes extend the claims period for health flexible spending arrangements (FSAs) and dependent care assistance programs and allow taxpayers to make mid-year changes.
IRS Releases State-by-State List of Coronavirus Stimulus Payments
The Treasury Department and the IRS have released updated state-by-state figures for Economic Impact Payments, with approximately 130 million individuals receiving payments worth more than $200 billion in the program’s first four weeks. (Up through May 8)
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.