Helping employees maintain health and efficiency during a crisis requires flexibility, empathy, and consistent communication. Employers can follow these tips to help employees during a crisis.
COVID-19 news and information
SBA streamlines forgiveness process for most PPP loans
The SBA issued new guidance intended to speed up and simplify the forgiveness process for Paycheck Protection Program loans of $150,000 or less, which represent 93% of the outstanding loans in the $800 billion program.
COBRA premium assistance credit clarified further
The IRS has supplemented its guidance on COBRA premium payment assistance and the corresponding business tax credit under the American Rescue Plan Act.
Shuttered Venue Operator Grant awards top $7.5 billion, SBA says
The SBA has awarded more than $7.5 billion in Shuttered Venue Operator Grants to about 10,000 live entertainment venues and other eligible entities.
Ease staff’s fears about returning to the office
Firm leaders can address staff’s anxieties by discussing the rationale for returning to in-person work, communicating transparently about the safety measures they are taking, implementing employee feedback and, when possible, giving staff control over when they return.
Single audit rules clarified for Provider Relief Fund recipients
Over the last several weeks, HHS has established in its PRF FAQs that the reporting in the PRF Reporting Portal will be based on when PRF payments were received.
Adapting to workplace culture in a virtual world
This article discusses ways to help integrate new employees into firm culture, even when everyone can’t be together in person.
At 2021’s midpoint, what’s on the minds of CFOs?
A Deloitte partner with a CFO focus explains why finance chiefs have reason for optimism, what concerns them, and why “we’re entering into a new realm.”
Restaurant Revitalization Fund recipients revealed
The US Small Business Administration has published a database of the more than 100,000 approved grants from the $28.6 billion Restaurant Revitalization Fund.
SBA officially drops PPP Loan Necessity Questionnaire requirement
The SBA has formally notified lenders that it is no longer requiring a Loan Necessity Questionnaire to be submitted with forgiveness applications for Paycheck Protection Program loans of $2 million or more.
Features
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AI risks CPAs should know
Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.
