A CPA’s guide to better prospect meetings

To get more business, accountants need to invest more in the time they spend face to face with prospective clients. Original Article Posted at : https://www.accountingtoday.com/opinion/a-cpas-guide-to-better-prospect-meetings

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Barr snubs Trump’s demands, sees no counsel in Biden tax case

Attorney General William Barr said he sees no reason to appoint a special counsel to oversee an investigation of President-elect Joe Biden’s son, Hunter Biden, a statement sure to frustrate President Donald Trump and his closest advisers. Original Article Posted at : https://www.accountingtoday.com/articles/barr-snubs-trumps-demands-sees-no-counsel-in-biden-tax-case

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Beer, restaurants and Nascar win tax breaks in virus-relief bill

Tucked in among more than 5,000 pages of legislative text, the congressional bill providing COVID-19 relief and 2021 government funding includes dozens of tax breaks for beneficiaries ranging from downtown restaurants and the film industry to motor-sports racetracks. Original Article Posted at : https://www.accountingtoday.com/articles/beer-restaurants-and-nascar-win-tax-breaks-in-virus-relief-bill

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New coronavirus stimulus package contains some big tax items

The latest round of coronavirus stimulus legislation introduced in Congress on Monday includes some major tax provisions and changes for accountants to watch out for in the New Year. Original Article Posted at : https://www.accountingtoday.com/news/new-coronavirus-stimulus-package-contains-some-big-tax-items

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Tax Extenders Hitch a Ride on Omnibus and COVID-19 Relief Deal

Tax extenders are no stranger to hitching a last-minute ride on year-end legislation. This year they made another last-minute appearance, finding a hold in their own division of the 5,593-page bill to fund the government through the fiscal year and provide additional coronavirus relief through March. If you’ve followed the extenders debate, you know that…

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Congress Reaches a Deal on $900 Billion in Pandemic Relief

Sunday evening, leadership in the U.S. House and Senate came to an agreement over the details of a $900 billion coronavirus relief bill, to be attached to a broader $1.4 trillion omnibus which will fund the federal government for the 2021 fiscal year. Congress also voted to extend a continuing resolution (CR) to keep the federal…

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KPMG tax chief makes plans for disruptive year ahead

KPMG’s new vice chair of tax, Greg Engel, is anticipating another year of tumultuous changes in the Big Four firm’s tax function as clients deal with the coronavirus pandemic and new policies in the incoming Biden administration. Original Article Posted at : https://www.accountingtoday.com/news/kpmg-tax-chief-makes-plans-for-disruptive-year-ahead

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