As companies are evaluating continued operations, balancing profits with acceptable levels of loss, functioning with massively more remote work and trying to make up for economic disruptions, the first thought tends to be “How can we cut costs?”
The application from the Treasury leaves many questions unanswered.
The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.
IRS starts using prepaid debit cards to send stimulus payments
The application gives customers access to more ways to receive payment from clients during a time when many businesses are experiencing interruption due to the coronavirus pandemic.
Amex offers Invoiced to merchant customers at 40 percent discount
Crowe has joined the growing number of firms offering solutions to aid in Paycheck Protection Program participation.
Crowe creates PPP loan forgiveness management solution for lenders
The Internal Revenue Service is bringing in more help to deal with the flood of calls about economic impact payments.
IRS adding 3,500 phone reps to answer stimulus payment calls
Members of the American Accounting Association’s Financial Reporting Policy Committee denounce provisions in the CARES Act they see as threatening FASB’s independence and setting a dangerous precedent with serious potential to undermine confidence in corporate financial reporting.
Management accountants and CFOs can play an important role in guiding companies through the strategic options available to cope with the COVID-19 pandemic.
Accountants can help companies set strategy to deal with coronavirus
Many will reconfigure what they do to the new reality and will make some investments in updating and formalizing some of their Band-Aid processes.
Art of Accounting: Small firms were the first, but are they now the last?
Grant Thornton CEO Brad Preber and principal Linda Miller, who leads the firm’s fraud and financial crimes practice, offer strategies to help businesses protect themselves from fraud amid the pandemic environment.
