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Questions Remain After IRS Rolls Out Guidance On Payroll Tax Deferral

(Forbes) - So what's the thing that caught many by surprise? It's this: The Notice defines Affected Taxpayers not as employees, but as employers. Here's why that matters.


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What to Know About Fraud and the Paycheck Protection Program 
(Accounting Web) - Now that the SBA has opened its PPP forgiveness portal and lenders begin to accept forgiveness applications, the review process will undoubtedly uncover more fraud. This article covers how some borrowers are perpetrating fraud so you can be more aware and potentially help prevent the issue.

The Accountant’s Secret to Delivering Effective Virtual Presentations 
(Accounting Today) - The surge in remote work has quickly created demand for a new set of skills for accountants.

Quiz: Like-kind Exchanges 
(The Tax Insider) - Find out how much you know about this useful tax deferral tool.

India’s Economy Contracts by 24%, Worst in at Least 24 Years 
(US News and World Report) - India’s government says the country's economy contracted by 23.9% in the April-June quarter, its worst performance in at least 24 years, as the coronavirus pandemic ravaged what was once the world’s fastest growing major economy.

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About AccountantsWorld

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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