Economy

The COVID-19 pandemic looks to be accelerating the long-term trend toward the adoption of the cloud.

Private sector employers added 2,369,000 jobs in June, according to payroll giant ADP, in a promising sign of business recovery despite the COVID-19 pandemic. ADP also revised upward its May total from a loss of 2,760,000 jobs to a gain of 3,065,000 jobs.

The Senate has passed an extension of the popular Paycheck Protection Program for small businesses, which was set to close down Tuesday night with more than $130 billion in funding left over.

As small businesses in different parts of the country reopen in the midst of the novel coronavirus pandemic, they are beginning to increase the number of hours worked by their employees, according to payroll giant Paychex, although spikes in the virus are threatening to set back those gains.

ConvergenceCoaching launches annual “Anytime, Anywhere Work” survey; Mazars USA names chief people officer, chief marketing officer; and more CPA news.

The pandemic has created many great opportunities for finance pros to help their clients.

PKF North America is uniting the transaction advisory and valuation practices of six of the firms in the PKF International network and forming PKF Advisory LLC.

The Small Business Administration and the Treasury Department unveiled a simpler loan forgiveness application for the Paycheck Protection Program to reflect changes under the PPP Forgiveness Act.

It pays to be a senior executive in a U.S. family office. Private investment firms of rich families there have the greatest number of C-suite executives making more than $396,000 a year.