The IRS announced Friday it had suspended sending certain balance-due notices to taxpayers while it continues to process its backlog of unopened mail, which may in some cases contain the sought payments. Also on Friday, the IRS said it was working to identify and correct erroneous penalties it applied to some employers who reduced their […]
US Treasury yields move lower as investors monitor coronavirus treatment news
U.S. government debt prices were higher Monday morning as investors focused on the latest coronavirus and political developments. At around 1:50 a.m., the yield on the benchmark 10-year Treasury note fell to 0.6282%, while the yield on the 30-year Treasury bond dropped to 1.3300%. Yields move inversely to prices. Monday’s calendar does not include any major economic data releases. Nonetheless, […]
Tips for reconciling your bank account balance in Xero
I have been using Xero for 9 years now and frequently train not only our own new employees on how to use it but also other businesses who need help. One of the advantages of Xero has always been the bank feed which downloads transactions from your bank on a daily basis directly into the […]
Two tropical storms developing into hurricanes as they aim for U.S.
An employee of the Emergency Operations Center (EOC) monitors tropical storm Laura in Santo Domingo, on August 22, 2020. Erika Santelices | AFP | Getty Images Tropical storms Marco and Laura were expected to develop into hurricanes as they gained strength and aimed for an unprecedented twin strike next week on the mainland U.S. Marco […]
Two tropical storms developing into hurricanes as they aim for U.S.
An employee of the Emergency Operations Center (EOC) monitors tropical storm Laura in Santo Domingo, on August 22, 2020. Erika Santelices | AFP | Getty Images Tropical storms Marco and Laura were expected to develop into hurricanes as they gained strength and aimed for an unprecedented twin strike next week on the mainland U.S. Marco […]
Don’t be a PPP Loan Forgiveness Guinea Pig: What You Need to Know Now
Whenever I’ve discussed the Paycheck Protection Program (PPP) Loans, I’ve also included a caveat: This is all subject to change. Sure enough, there’s more uncertainty at this moment about loan forgiveness and what expenses, if any, will be deductible on tax returns. Since we don’t have answers right now, I recommend you not rush to […]
Former Green Beret charged with spying for Russia
A former U.S. Army Green Beret conspired with Russia’s foreign intelligence arm, the GRU, providing them with national defense information from 1996 to 2011, federal prosecutors said Friday in an indictment. Peter Rafael Dzibinski Debbins, of Gainesville, Virginia, faces a single count of conspiracy to gather or deliver defense information to aid a foreign government. […]
U.S. Treasury yields move higher as investors look ahead to fresh economic data
U.S. government debt prices were lower on Friday morning, as investors closely monitored flash readings of purchasing managers’ index data for further clues about the pace of the economic recovery. At around 2:15 a.m. ET, the yield on the benchmark 10-year Treasury note was higher at 0.6525%, while the yield on the 30-year Treasury bond was […]
How to say ‘No’ when you’re an introvert bookkeeper
Are you an introvert bookkeeper? Me too. I’ve got a special place in my heart for people like you and me because we make great bookkeepers but we may have to face a unique set of challenges (opportunities for growth) when interacting with clients and prospects. One of these growth opportunities, is learning how to […]
Treasury yields retreat after Fed flags recovery fears
U.S. government debt prices were higher Thursday morning after the Federal Reserve revealed concerns about the uncertainty of the country’s economic recovery. At around 1:50 a.m. ET, the yield on the benchmark 10-year Treasury note was down at 0.6590% and the yield on the 30-year Treasury bond fell to 1.3935%. Yields move inversely to prices. Minutes released Wednesday from the […]