COVID-19 news and information for CPAs

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November 9, 2021

Tax treatment of COVID-19 homeowner relief payments clarified

A revenue procedure clarifies Homeowner Assistance Fund payments are excluded from gross income and gives a safe harbor for computing certain itemized deductions.

November 1, 2021

What organizations need to know about unemployment fraud

Employers should be alert for fake claims amid a boom in fraudulent schemes.

November 1, 2021

Safe harbor for ERC gross-receipts test

The IRS issued a safe harbor that allows an employer to exclude certain amounts received from other coronavirus economic relief programs in determining whether it qualifies for the employee retention credit based on a decline in gross receipts

November 1, 2021

IRS issues ERC guidance for second half of 2021

Majority owners’ wages for the employee retention credit are among issues addressed.

October 25, 2021

Power naps from home: Are Zzzzs on the clock OK?

Here are some ways to squeeze in a refreshing catnap without risking your boss’s ire.

October 18, 2021

4 tips for telling your boss you don’t want to return to the office

To ensure that discussion goes as smoothly as possible, aim to tailor your approach to your manager, focus on the positive, and remain open to creative compromise.

October 4, 2021

Use online resources to develop soft skills

In the world of online-based learning tools, it’s easier than ever for CPAs to improve their soft skills without leaving home.

September 21, 2021

Places and job candidates don’t always match in government finance

Remote work grows in popularity for these public-sector finance jobs.

September 9, 2021

SBA quadruples COVID-19 EIDL limit to $2 million

The SBA unveiled a menu of COVID-19 EIDL program modifications designed to make it easier for restaurants and other businesses particularly hard hit by the pandemic to take out EIDL loans.

September 8, 2021

Guidance issued on 2021 qualified sick and family leave wage reporting

Information reporting on Form W-2 or a separate statement allows self-employed taxpayers to claim qualified sick leave and qualified family leave equivalent credits.