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How Are Accountants Navigating The Business Challenges of COVID-19

(AccountantsWorld) - How are accounting firms addressing the economic and business challenges posed because of COVID-19? What are firms focusing the most on now? How are accountants' clients holding up? To learn what your peers are doing, please participate in this 4-minute survey exclusively for accountants. Insights from the survey will be emailed to you after the survey concludes.


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IRS Rains On The Paycheck Protection Parade 
(Forbes) - Normally when a loan is forgiven, it results in income to the taxpayer. The CARES Act indicates that is explicitly not the case with the forgiveness of a PPP loan.


IRS Continues Sending Out Coronavirus Stimulus Payments, Offers FAQs on Error Messages 
(CPA Practice Advisor) - Taxpayers should check the FAQs often for the latest additions; many common questions are answered on IRS.gov already, and more are being developed. Here are answers to some of the top questions people are asking.


Inflation to Slow to 0.5% by End 2020 
(Kiplinger) - Expect the inflation rate to fall to 0.5% by the end of the year, down from last year’s 2.3%. The meltdown in oil prices will likely cause energy prices to end the year down 9%.


Coronavirus Job Losses Hit These 7 States Hardest 
(Finance) - Some states have been feeling the impact of job losses more than others. A Yahoo Finance review of jobless claims data from the U.S. Department of Labor reveals that Michigan and the South have been particularly hard hit.


5 keys to build a premier CAS practice

The next great opportunity for accounting firms: offering Client Accounting Services (CAS). When you master the basics, CAS can grow your accounting profits by 50% or more. Learn the 5 keys to building a profitable CAS practice in our free CAS guide


Write-up can be 30-40% more profitable

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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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