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Treasury, IRS and Labor Announce Plan to Implement Coronavirus-related Paid Leave for Workers and Tax Credits

(IRS) - The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees


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Practitioners Seek Further Clarity on Tax Filing, Payment Delay 
(JofA) - In the wake of the IRS’s notice Friday postponing the April 15 due date until July 15 for federal income tax returns and income tax payments for 2019 tax years (Notice 2020-18), practitioners still had many concerns and questions about the deferral’s effects...


Better Advice for Business Real Estate Clients 
(Accounting Web) - To deal with the confusion about when real estate activities constitute a trade or business, the IRS has created a safe harbor for a “rental real estate enterprise” (Revenue Procedure 2019-38).


AICPA on Remote Audits During the Pandemic: Get Creative, Stay Skeptical 
(Accounting Today) - The AICPA has been working on the project of moving the audit into the future for some time now, but the U.S. has suddenly found itself thrust into a remote environment with little in the way of preparation or warning due to the coronavirus pandemic.


How to set up Zoom video for dual monitors and screen sharing with PowerPoint 
(PC World) - While Zoom publishes a straightforward document on how to use dual monitors with the Zoom desktop client, in our experience, the process can be more complex. Because some apps may not work the way you want them to on default...


COVID-19: How the Accounting Community is Helping 
(Accounting Web) - AccountingWEB recognizes your struggles at this difficult time and as a business ourselves, our goal is always to provide you with practical, useful information that can in some way improve or support your professional lives.


Accountants most costly weakness

Accountants are adept at analyzing facts and turning them into insights for their clients. But that strength can keep them their comfort zone. Learn how to break this tendency in your accounting practice so you can thrive. Read our free article.


Offer Client Accounting Services in 90 days

To offer Client Accounting Services (CAS), you don’t need to be a big firm - and you don't need new clients. Learn how to leverage your existing skills and clients to start a profitable CAS practice. Read our post.



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