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What is in the New Covid Relief Law

(CPA Practice Advisor) - Stimulus payments are just part of it. Also: more unemployment, PPP, EIDL loans, Employee Retention Credit, EIC, CTC, eviction moratorium, and more.



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Simplified Accounting Rules for Small Businesses Allow Annual Election 
(JofA) - The IRS on Wednesday finalized updates to various tax accounting regulations to adopt the simplified tax accounting rules for small businesses enacted by the law known as the Tax Cuts and Jobs Act.


How to Develop Good Habits and Routines that Stick 
(Lifesavvy) - Habits are the little things you do every day, like what you eat for lunch, whether or not you go to the gym or meditate, and whether you read a book or look at Instagram in the last few minutes before you go to sleep.


Taxpayers Defaulted on Over Half of Payment Arrangements with Private Debt Collectors 
(Accounting Today) - Private collection agencies that have contracted with the Internal Revenue Service to collect overdue tax debts have collected nearly $500 million since 2017, according to a new report, but that’s just a fraction of the over $30 billion owed.


The Covid Bankruptcies: Guitar Center to Youfit 
(Bloomberg) - Many were in deep financial trouble even before governors ordered non-essential businesses shut to help contain the spread of the virus.


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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.

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