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Self-Prepared Tax Return Gains Continue

(The Progressive Accountant) - Self-prepared tax returns efiled with the Internal Revenue Service through May 29 have already exceeded the total for calendar year 2019 by 3.8 percent.



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Cash Payments for Donated Leave aren’t Comp 
(Accounting Today) - IRS It won’t count as income to employees, but they also won’t be able to deduct it.

45% of U.S. Workplaces Don’t Have a Return to Work Date Set 
(CPA Practice Advisor) - Twenty-nine percent probably or definitely will allow workers to work from home full-time through the rest of 2020;

There’s About $130 Billion Left in the PPP Pot. Why Small Businesses are Slow to Claim Cash 
(CNBC) - Business owners who are uncertain about whether to apply for PPP cash have a new worry on the horizon: Incoming PPP loan applications must be approved by June 30.

GASB Proposes Accounting Guidance for CARES Act Aid 
(JofA) - GASB issued a proposed technical bulletin Thursday to assist state and local governments in their accounting for funds received as a result of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act.

UK Economy Contracted by 20.4% in April, the Largest Monthly Fall on Record 
(CNBC) - This represented a 24.5% decline from April 2019, as lockdowns necessitated by the coronavirus pandemic hammered economic activity.

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