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IRS Unveils New People First Initiative; COVID-19 Effort Temporarily Adjusts, Suspends Key Compliance Program

(IRS) - To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.

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Tips to Lessen 2020 Tax Liability After the Coronavirus Economic Crisis 
(CPA Practice Advisor) - Amid all the changes to society caused by efforts to slow the spread of Coronavirus, there are a few tips you can share with your clients to save them money on taxes for the 2020 filing year (next year). Our advice to our clients is to keep records ...

Properly Classifying Your Firm's Client List for Survival and Recovery 
(Accounting Web) - Firms are now faced with assessing the impact COVID-19 is having on their clients. It is therefor important every firm carefully analyze their client list and update financial projections and cash flow planning for the year.

How Leaders Can Effectively Manage in Times of Uncertainty 
(Inc.) - Leadership is about creating confidence in times of great uncertainty.

Virtual Cultural Events to Keep You Occupied During the Quarantine 
(PC Mag) - Coronavirus has forced the cancellation and shutdown of countless concerts, plays, museum exhibits, and other live gatherings. But you can still get a dose of culture with these online events.

Senate Passes $2 Trillion Virus Rescue Plan; Sends Bill to House 
(Bloomberg) - The massive legislation passed on a 96-0 vote just before midnight Wednesday after days of intense negotiations between Senate Republicans and Democrats...

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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