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Seven Common Mistakes in Tax Preparation

(Accounting Today) - Advancements in technology have significantly reduced the risk of tax preparation errors, but not all of them. While some of the items below seem obvious, even the most seasoned CPAs and tax professionals have been known to commit these tax preparation no-nos.


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AICPA Requests Broader Relief for Taxpayers 
(JofA) - In a letter to Treasury and the IRS, the AICPA requested that recent filing and payment relief related to the COVID-19 pandemic be expanded because the current relief does not cover all tax filings and payments affected by the pandemic.


Giant U.S. Coronavirus Relief Bill Heads for Debate in House 
(Reuters) - The U.S. House of Representatives will begin a two-hour debate on a sweeping, $2.2 trillion coronavirus aid bill at 9 a.m. (1300 GMT) on Friday, despite doubts over whether it can quickly pass on a voice vote or will be delayed into the weekend.


The Top 5 Video Chat Apps to Get You Through Coronavirus Lockdowns 
(Yahoo) - With cities across the world locking down to prevent the continued spread of the novel coronavirus, people are, understandably, feeling increasingly isolated from friends and family.


Small Businesses That Already Laid Off Workers Can Still Qualify for Payroll Loan Forgiveness 
(CNBC) - Sen. Chris Van Hollen on Thursday sought to reassure small business owners who already had to lay off their workers about a major facet of the Senate’s $2 trillion coronavirus economic stimulus package.


How to Include Payroll in a Disaster Plan 
(Accounting Web) - It's important to have a plan in place to pay employees if a disaster strikes. Here are several steps you can take now to ensure COVID-19 and other events don't completely interrupt the lives of your staff and the operation of your firm.


The Rollercoaster Ride for Mortgage Rates These Last Few Weeks is Expected to Continue 
(Market Watch) - Mortgage rates fall sharply as the Federal Reserve brings stability to the mortgage market


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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