IRS Reopens Voluntary Disclosure Program for Businesses with Problematic Employee Retention Credit Claims

The Internal Revenue Service (IRS) has announced the reopening of the Voluntary Disclosure Program (VDP) for businesses seeking to correct improper Employee Retention Credit (ERC) claims. This initiative is part of the IRS’s ongoing compliance efforts and offers businesses...

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Low-income Microentrepreneurs Get $7 Million in Business Grants

Entpreneurship really knows no bounds when it comes to a person’s income level. Many times, a great idea for a business is born out of someone’s desire to lift themselves out of a tough economic situation. However, people in those...

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Important Tax Deadline for Truckers and Bus Operators Nears

The Internal Revenue Service (IRS) is reminding truckers and those operating large buses that the deadline for filing Form 2290, the Heavy Highway Vehicle Use Tax Return, is Tuesday, September 3, 2024, for vehicles that were first used in...

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Mastercard Enhances Open Banking for Lending Program to Expand Financial Access

Mastercard has announced enhancements to its Open Banking for Lending program, in collaboration with Argyle, aimed at simplifying the lending process and empowering consumers with greater control over their financial lives. The program now offers new features that enable...

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Michigan Company Fined $6.5 Million for Bid Rigging in Asphalt Industry

Asphalt Specialists LLC, a company based in Pontiac, Michigan, has been sentenced to pay a $6.5 million criminal fine for its involvement in bid-rigging conspiracies related to asphalt paving services contracts in the state of Michigan. The sentencing comes...

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Ford and Mazda Issue “Do Not Drive” Warnings for Over 457,000 Vehicles Due to Recalled Takata Air Bags

Ford Motor Co. and Mazda North American Operations have issued urgent “Do Not Drive” warnings for more than 457,000 vehicles equipped with recalled, unrepaired Takata air bags. Vehicle owners are strongly urged not to drive these vehicles until the...

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X Unveils Grok-2 Beta: Advanced Language Models for Enhanced AI Capabilities

X (formerly Twitter) has announced the beta release of Grok-2, the latest iteration of its cutting-edge language model, designed to elevate chat, coding, and reasoning capabilities. This release introduces two models: Grok-2 and its more compact sibling, Grok-2 mini. Both...

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SBA and India Sign Agreement to Promote Small Business Collaboration on Global Stage

U.S. Small Business Administration (SBA) Administrator Isabel Casillas Guzman announced an agreement with India’s Ministry of Micro, Small and Medium Enterprises (MSMEs) aimed at strengthening collaboration between the two nations to promote small business participation in the global marketplace. This...

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California Law Firm and Senior Managers Settle False Claims Act Allegations Over Misuse of PPP Loan Funds

The Bloom Firm, a law firm based in California, along with senior managers Lisa Bloom and Braden Pollock, have agreed to pay a total of $274,000 to settle allegations that they violated the False Claims Act by providing false...

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Box and Slack Expand Partnership

Box and Slack recently announced an expanded partnership that introduces secure AI capabilities to enterprise content management. This collaboration aims to revolutionize the way organizations manage and interact with their content by integrating Box AI directly into Slack, allowing...

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