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Art of Accounting: Training Staff Remotely

Training staff effectively and properly is a major reason for a firm’s success. With the switch to remote work it is harder to train one-on-one so new methods need to be developed. Here are some things you can try.

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EmpPerk

States Take Aim at People With No Retirement Plan

According to data from the National Institute on Retirement Security, 59% of working-age people in America don’t have any money in a retirement account—whether an employer-sponsored 401(k) or an IRA—and aren’t covered by defined-benefit pensions.

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Trump Signs PPP Extension Bill

President Trump Saturday signed into law a bill extending the Paycheck Protection Program—an emergency federal loan facility for small businesses struggling because of the pandemic—for another five weeks until August 8, buying Congress time to figure out what the next round of aid for small businesses will look like when it reconvenes later this month to hash out more stimulus legislation.

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How A Remote Work Boom Will Affect Salaries

With coronavirus potentially changing where people want to live long term, certain regions might see influxes of people, elevating real estate values - and the quality of schools and amenities as well. If companies see no major productivity issues with remote work, they may encourage employees to work from home and even try to downsize.

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Time

House Joins Senate In Approving 5-Week PPP Extension

The U.S. House of Representatives on Wednesday joined the Senate in passing by unanimous consent a five-week extension of the Paycheck Protection Program (PPP).

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Taxpayers Should File By July 15 Tax Deadline

Tax Deadline Remains July 15; Taxpayers Can Get Automatic Extension to Oct. 15. The IRS has announced the tax filing and payment deadline of July 15 will not be postponed. Individual taxpayers unable to meet the July 15 due date can request an automatic extension of time to file until Oct. 15.

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GenZ

New Study Shows How Employees Can Drastically Improve Their Productivity

The report, commissioned by ThoughtSpot and released last month, concludes that putting data in the hands of frontline workers -- such as store managers, sales teams, sales clerks, nurses, and others -- can significantly improve both their productivity and quality of work.

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6 Do’s & Don’ts When Saving Money During a Crisis

Saving money becomes even harder during a crisis, but don't let yourself (or your clients) give up. Here are 6 tips for saving and making eventual recovery easier:

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5 Must-Have Tax Tools Before July 15

Access the Tax Technology Resource Center to learn more about how to work smarter and reduce risks in your practice. You’ll find the AICPA Privacy Management Framework, IRS online tools and a Gramm-Leach-Bliley Act information security plan template to cover all your bases.

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IRS Expands Relief For Coronavirus-Related Retirement Plan Withdrawals

The Internal Revenue Service provided guidance Friday to taxpayers who are taking advantage of some provisions in the CARES Act that allow them to take out money from their retirement accounts to deal with the economic fallout of the COVID-19 pandemic.

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