The Internal Revenue Service (IRS) has launched a new program that aims to assist businesses that mistakenly filed Employee Retention Credit (ERC) claims and want to repay the funds they received in error. The IRS has been working on this Voluntary Disclosure Program for several months...
Following the challenges posed by the COVID-19 pandemic’s transition, a leadership reorganization, a shaky foray into health care, and recent labor issues with pharmacy staff, Walgreens is now going “line by line” to see where the company could cut costs. That’s the latest from the...
Most Americans are reportedly facing financial challenges as their pandemic savings have dwindled. Beyond the wealthiest 20% of the U.S., Americans have depleted their extra savings and now have less cash on hand than they did when the pandemic began, Bloomberg reported Monday (Sept. 25),...
The Internal Revenue Service (IRS) has placed a moratorium on processing new claims for the Employee Retention Credit (ERC), a pandemic-era relief program, aiming to prevent a recurrence of the sort of fraud that happened around the Paycheck Protection Program (PPP). This decision comes in response to growing concerns about the...
August 25, 2023
The ability to make tough decisions quickly is often the difference between success and failure. After all, if it were easy to be a leader, everyone would be one. “We had 16 million people pick up a guitar during the pandemic, 30 million worldwide. And Fender really benefited from that,” Matt Janopaul, CFO at Fender, told PYMNTS […]
August 03, 2021
Despite concerns that the spread of the COVID-19 Delta variant could impact consumer spending as pandemic anxiety rises again and mask mandates are reintroduced across the U.S., mall operator Simon...
June 30, 2021
For almost a year and a half, we’ve heard the phrase “new normal” thrown around a lot to describe the massive shift in behavior created by the COVID-19 pandemic. It’s...
February 25, 2021
The vaccines are here, and while rolling them out has presented some logistical hurdles across the country, employers have been ramping up efforts to get their respective workforces vaccinated in...
March 21, 2024
Large players in the grocery industry took advantage of the pandemic’s supply chain problems to raise prices and profits and keep them high. So said the Federal Trade Commission (FTC) in a press release and staff report issued Thursday (March 21). “As the pandemic illustrated, a major shock to the supply chain can have cascading […]
December 21, 2023
The Internal Revenue Service (IRS) has launched a new program that aims to assist businesses that mistakenly filed Employee Retention Credit (ERC) claims and want to repay the funds they received...
September 25, 2023
Most Americans are reportedly facing financial challenges as their pandemic savings have dwindled. Beyond the wealthiest 20% of the U.S., Americans have depleted their extra savings and now have less...
September 14, 2023
The Internal Revenue Service (IRS) has placed a moratorium on processing new claims for the Employee Retention Credit (ERC), a pandemic-era relief program, aiming to prevent a recurrence of the sort of fraud that...
