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How to Report Coronavirus Paid Sick Leave and Family Leave to Employees

(JofA) - On Thursday, the IRS explained how employers should report the amount of qualified sick and family leave wages paid to employees under the Families First Coronavirus Response Act.



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PPP Forgiveness Promises ‘a Busy Fall’ for Accountants 
(Accounting Today) - Accountants and CPA who are helping their clients with the Paycheck Protection Program can expect a busy fall working on applying for forgiveness for the PPP loans those clients received, according to leading practitioners and industry experts.


Second Stimulus Check Update: Here’s Everything We Know Right Now 
(Forbes) - All eyes are on the Senate when it returns from its two-week July 4th recess on July 20th and will start crafting legislation for the next stimulus bill. A second stimulus check feels like a guarantee but we are still missing a lot of key details.


Google Maps Tests Showing Traffic Lights in the US 
(The Verge) - “To help people stay better informed on the road, we’re testing a Google Maps feature on Android that shows the location of traffic lights in select cities across the U.S,” the company told The Verge.


CARES Act Causing Business Valuation Concerns for Divorces, Estate Plans and Partnerships 
(CPA Practice Advisor) - Business valuations are forward-looking and there are multiple approaches to them. An income approach to valuation applies an opportunity cost of capital to an expected future benefit stream, such as cash flows or net income, while a market approach ...


Wawa Asking Customers for Exact Change Due to Nationwide Coin Shortage 
(Action News 6) - A nationwide coin shortage is changing the way some businesses do business."Like many other businesses around the country, Wawa stores have been affected by the shortage of coins nationwide, as reported by the Federal Reserve,"


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About AccountantsWorld

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.

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