Rich investors will be fine if Biden hikes taxes, UBS says

With Joe Biden leading President Donald Trump in the polls, some investors are concerned the age of corporate tax cuts and deregulation may soon end, replaced by a Democratic administration eager to soak the rich. Original Article Posted at : https://www.accountingtoday.com/articles/rich-investors-will-be-fine-if-biden-hikes-taxes-ubs-says

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RSM US gifts $1M to DePaul University’s School of Accountancy

Supplied by the Top Five Firm’s RSM US Foundation, the donation will deem two professors as “RSM Fellows” to educate and mentor high-potential students. Original Article Posted at : https://www.accountingtoday.com/news/rsm-us-gifts-1m-to-depaul-universitys-school-of-accountancy

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LeaseAccelerator releases EZLease application

LeaseAccelerator, which makes lease lifecycle management software, has released EZLease, an automated lease calculator. Original Article Posted at : https://www.accountingtoday.com/news/leaseaccelerator-releases-ezlease-application-offers-6-months-free

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Does cloud hosting still make sense?

Vendors and industry experts help parse the difference between hosted and native apps. Original Article Posted at : https://www.accountingtoday.com/news/does-cloud-hosting-still-make-sense

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Intuit intros QuickBooks Cash, a bank account for businesses

Intuit has introduced QuickBooks Cash, a business bank account with a high-yield interest rate. There are no account opening fees, maintenance fees, minimum balances, overdraft fees, or other recurring fees associated with the account. Original Article Posted at : https://www.accountingtoday.com/news/intuit-intros-quickbooks-cash-a-bank-account-for-businesses

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Coronavirus Assistance for American Families Act Would Provide More Generous Rebates for Dependents

On Thursday, U.S. Senators Marco Rubio (R-FL), Bill Cassidy (R-LA), Steve Daines (R-MT), and Mitt Romney (R-UT) released the Coronavirus Assistance for American Families Act (CAAF). This bill would change the way the economic impact payments—commonly known as recovery rebates or stimulus payments—could work in the next round of pandemic-driven relief for households.  The bill’s…

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State Income and Sales Tax Revenues Slide in Second Quarter

Today marked the release of both second-quarter GDP and national accounts data and provides a new glimpse into early changes in state and local revenues and spending. All told, second-quarter (Q2) state and local tax receipts came in about 3.8 percent lower than they did in the same quarter a year ago. Income and sales…

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