Payments

More bucks for the IRS; deductible haircuts; virtues of virtual learning; and other highlights from our favorite tax bloggers.

Many employers are questioning the benefit of the payroll tax deferral.

Germany’s blame game over Wirecard AG’s collapse is focusing on the question of why authorities failed to take a harder look at the payments company before it became the country’s biggest accounting scandal in living memory.

Although many factors lead to payment inefficiencies, businesses can take steps to better manage their working capital performance and efficiency.

The six largest credit card issuers have set aside billions of dollars worth of reserves in response to the novel coronavirus as well as the adoption of the Financial Accounting Standards Board’s new credit losses standard.

There are no account opening fees, maintenance fees, minimum balances, overdraft fees or other recurring fees associated with the account.

Wirecard suffered one of the worst stock slumps in the history of Germany’s benchmark index after revealing that about 1.9 billion euros ($2.1 billion) in cash has gone missing, spooking investors who have endured years of allegations of wrongdoing at the payments company.

Wave Money integrates with Wave’s financial management software for a full money management experience.

The application gives customers access to more ways to receive payment from clients during a time when many businesses are experiencing interruption due to the coronavirus pandemic.

One of the biggest arguments against checks is that they’re just plain old, invented to support even older banking processes.