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Senate Passes Amended $1.9 Trillion COVID-19 Stimulus Bill

(JofA) - The Senate bill retains most of the tax provisions in the House bill unchanged. However, under the Senate bill eligibility for the recovery rebate credits (to be paid to most taxpayers in advance as economic impact payments) would phase out more quickly than it did in the two previous rounds.



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My revenue grew 75% - heres how

Years ago, Steven Brewer, CPA saw the shifts taking place in accounting and decided to make changes in his firm to survive. They've grown their accounting revenue by 75% over the past 5 years – without adding more clients. READ HIS CASE STUDY



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How to Increase Your Fees with Current Clients 
(CPA Practice Advisor) - Every year, accounting firms across the country take time to reevaluate how they handle business with their clients. One important discussion point is, “how much are they charging their clients for their services, and is it enough?”.


U.S. could send $1,400 COVID Bill Payments Within Days; Child Tax Credit a Bigger Challenge 
(Reuters) - With plenty of practice sending coronavirus relief payments to Americans, the federal government should be able to launch the delivery of $1,400 checks almost immediately once Congress finalizes the new aid bill and President Joe Biden signs it, tax experts say.


With Large Charitable Contributions Aim For More Than Substantial Compliance 
(Forbes) - The resulting audits resulted in notices of deficiency for all three years including penalties for 2012 and 2013, Mr. Chiarelli ended up in Tax Court arguing about just shy of $65,000 (not including interest).


$1.9 Trillion COVID-19 Relief Bill May Unleash Households on the Stock Market 
(Yahoo Finance) - A good chunk of that fresh "stimmy" money about to be funneled into American households via the $1.9 trillion COVID-19 relief bill may find its way into the stock market, pontificates Goldman Sachs.


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