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(JofA) - The IRS issued guidance clarifying that a deduction is disallowed for expenses for payroll costs, mortgage interest, rent, utilities, and other interest on debt obligations to the extent they are being reimbursed by loans forgiven under the Paycheck Protection Program.
Payroll Relief from AccountantsWorld makes payroll processing faster, easier and hassle-free. Processing tasks are handled automatically, on time, and with 100% guaranteed accuracy on computations. See how in our free webinar.
The next great opportunity for accounting firms: offering Client Accounting Services (CAS). When you master the basics, CAS can grow your accounting profits by 50% or more. Learn the 5 keys to building a profitable CAS practice in our free CAS guide
Want to reduce data entry by 70%-80% and spread write-up work throughout the year to reduce tax time crunch? With Accounting Power, you're finally in full control of your write-up engagements. Schedule a live demo.
At AccountantsWorld, we value the crucial role that YOU play in core business services - accounting and payroll - just as much as you do.
That's why, since 2003, we've used the unprecedented power of the cloud to put you back in full control of your accounting and payroll services so you can best serve your clients, while raising your own firm's value and relevance. And we never sell our products or services directly to your clients.