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IRS Says Much Of Next Stimulus Payout Will Be Faster Direct Deposits

PYMNTS

Since the IRS has already assembled the data it needs to deliver the first-stimulus payment, they should be able to deliver a second payment fairly quickly and at a lower administrative cost,” Jack Smalligan, a former Office of Management and Budget official, told WSJ.

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IRS Sends Refund Interest Checks To 13.9 Million Taxpayers

PYMNTS

Department of the Treasury and the IRS are planning to send out interest payments totaling $18 on average to 13.9 In any such incident, where the date is postponed from its usual April 15 deadline, the IRS is required to pay interest. Interest is paid at the legally prescribed rate, adjusted quarterly, according to the release.

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State Employees In Mississippi Targets Of Direct Deposit Scam

PYMNTS

Much has been said in this space about Business Email Compromise ( BEC ) scams, where bad actors frequently pose as corporate officials, directing targeted individuals to send money to different accounts, or they pose as suppliers and present phony invoices to be paid. The IRS cited “spoofed” addresses that seemed official.

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QuickBooks Offers Direct Deposit for B2B Independent Contractors

PYMNTS

QuickBooks on Thursday (May 31) said it is now offering “Contractor Direct Deposit” as a new feature in QuickBooks Payroll. The tool supports businesses “who want to pay their independent contractors the same convenient way they pay their employees – via direct deposit,” the company said in a press release.

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Best Payroll for Small Businesses

Stax

While Startup covers only basic payroll features such as direct deposit and the calculation of payroll taxes, the Complete plan also includes comprehensive HR software. Key features include three-day direct deposit, time tracking, a self-service portal, and a free payroll trial.

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ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

They’re mostly used to process direct deposits and payments. Some people refer to ACH payments as direct debit, direct deposit, or auto-transfer. Government payments – You can use ACH to pay individual and business taxes to the IRS.

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What Is an Electronic Check?

Payment Savvy

An eCheck is often referred to as a direct debit, ACH payment, or ACH transfer. With an electronic check, money is electronically transferred from the payer’s checking account to the seller’s checking account, where it is directly deposited after passing through the national ACH network. Consider Direct Deposit System.

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