The IRS plans to deny tens of thousands “improper high-risk” Employee Retention Credit (ERC) claims amounting to billions of dollars. This decision follows a review of a group of more than 1 million ERC claims that confirmed widespread concerns about improper claims, the IRS said in...
A new report from the World Bank has good news and bad news about the global economy. The good news, according to the Global Economics Prospects 2024 report issued Tuesday (June 11), is that global growth remains steady, inflation has dropped to a three-year low...
Pharmaceutical giant Pfizer is reportedly creating an online platform selling anti-COVID and migraine medications. The platform, the subject of a Wednesday (May 1) Financial Times (FT) report, comes as drug makers are pushing to sell their products directly to consumers. According to the report, sources say Pfizer’s direct-to-consumer (D2C)...
Fraud related to COVID-19 relief programs continues to occur “at a concerning scale.” Andrea Gacki, director of the Financial Crimes Enforcement Network (FinCEN), said this in a Thursday (Nov. 22) press release announcing the issuance of an alert to financial institutions on fraud schemes related...
April 02, 2020
It is easy – and becoming easier by the day – to look at the business world and see trends indicating where the money isn’t flowing. Not to businesses, depending on the verticals. Not to the stock markets (depending on the day, of course). Not to mortgages, if things hold up. And there’s another kind […]
June 20, 2024
The IRS plans to deny tens of thousands “improper high-risk” Employee Retention Credit (ERC) claims amounting to billions of dollars. This decision follows a review of a group of more than 1 million ERC claims that confirmed widespread concerns about improper claims, the IRS said in a Thursday (June 20) press release. “We will now use […]
June 11, 2024
A new report from the World Bank has good news and bad news about the global economy. The good news, according to the Global Economics Prospects 2024 report issued Tuesday...
May 01, 2024
Pharmaceutical giant Pfizer is reportedly creating an online platform selling anti-COVID and migraine medications. The platform, the subject of a Wednesday (May 1) Financial Times (FT) report, comes as drug makers are pushing...
November 22, 2023
Fraud related to COVID-19 relief programs continues to occur “at a concerning scale.” Andrea Gacki, director of the Financial Crimes Enforcement Network (FinCEN), said this in a Thursday (Nov. 22)...
