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Art of Accounting: Future of the Small Firm Amid Coronavirus

(Accounting Today) - I believe the future of the small accounting firm is bright and secure. Right now there are many challenges such as the coronavirus pandemic, along with extremely unsettling moments, unpleasant client interactions, cash squeezes...

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CPA Exam Testing Center Closings Extended Through May 1 
(JofA) - Candidates whose exam appointments are affected by the closure extensions will receive an email notification of their appointment cancellation along with instructions for rescheduling.

Current Overview of the IRS’s Whistleblower Program 
(CPA Journal) - Section 7623 of the Internal Revenue Code (IRC) allows for the payment of financial awards to those who blow the whistle on individuals or corporations that have deliberately underreported or underpaid their taxes. Such awards are based on the amount ultimately paid in such cases.

How to Customize Your Background in Microsoft Teams Video Calls 
(lifehacker) - Microsoft’s big office communication app, Microsoft Teams, is getting a fun new feature that makes it just as wacky as Zoom. You’ll now have the power to pretend you’re on a beach...

Reminder: Schedule and Pay Federal Taxes Electronically Due by July 15 
(IRS) - For taxpayers looking to reschedule or schedule their federal tax payments, the IRS offers two payment options where payments can be scheduled up to 365 days in advance. These two options are optimal for those who cancelled their payments that were due April 15 and want to reschedule their payment to the July 15 due date. They are:

Businesses Lobby to Make Trump’s List of ‘Essential’ Industries 
(Bloomberg) - Pet stores are considered essential. So are landscapers. Hair salons aren’t. Neither are shops that sell books or clothes.

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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