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CARES Act Bestows Four Charitable Tax Breaks

(Accounting Web) - During this time of national crisis, well-meaning individuals and business owners are pitching in, offering their support through various means. Accordingly, the CARES) Act includes several tax incentives for charitable giving.


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PPP Small Business Loans Above $2 Million Will Get Full Audit 
(CNBC) - Treasury Secretary Steven Mnuchin told CNBC on Tuesday the government will audit any company taking out more than $2 million from the small business loan program.


AICPA Recommends Federal Loans Backed by Accounts Receivable 
(JofA) - The AICPA, citing a continuing need for short-term liquidity in the marketplace, recommended Tuesday the creation of a federally backed lending facility that would provide loans to small businesses that pledge their future receivables.


The Accounting Profession and the Coronavirus: The Crisis in Numbers 
(Accounting Today) - Firms answer "Do you expect your firms revenue to decrease because of the pandemic?" and other important questions in Accounting Today survey.


How to Use Virtual Backgrounds in Microsoft Teams 
(How-to-Geek) - Microsoft Teams has been able to blur your background during video calls for nearly 2 years, but now you can choose a virtual background or upload your own custom backdrop. Here’s how to do it.


Much of U.S. Economy Still Plugging Along Despite Coronavirus Pain 
(Reuters) - Garbage haulers still collect trash. Cops are on the beat. Couriers deliver food and packages. Insurance agents work from home.


2020 Business Outlook Survey

AccountantsWorld is conducting an important, brief survey about the business outlook in 2020 for both accounting firms and their clients, and we invite all accountants serving SMB clients to participate. Your responses will be kept confidential, but we'll share aggregate results with you in a few weeks to help you gauge your practices and shape your business decisions moving forward.Take our 4-minute survey.


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