COVID-19 news and information for CPAs

TOPICS

June 25, 2021

SBA may be dropping PPP Loan Necessity Questionnaire requirement

Indications are that businesses with Paycheck Protection Program loans of $2 million or more will not have to submit a Loan Necessity Questionnaire when applying for forgiveness of their loans.

June 24, 2021

The return of business travel; an NFL draftee’s view of failure

A finance leader takes a look at business travel’s past and future, and a multisport athlete shares why, at 19, he knew he needed a post-sports career plan.

June 24, 2021

Business travel resuming for many after pandemic-related cuts

More than one-third of finance leaders say their organizations are resuming customary business travel or plan to do so by the end of the year.

June 21, 2021

CPAs and the historic Paycheck Protection Program

It’s a good time to reflect on the CPA profession’s role in making this historic business relief program a success and to consider what comes next, especially in four key areas.

June 21, 2021

For firms, advanced tech is no longer optional

Firms that place well-thought-out tech solutions at the forefront of their strategy will be best positioned to gain the most in the future.

June 14, 2021

Pandemic still complicates going concern disclosures

The businesses the COVID-19 pandemic has pushed to the brink of failure still face some unprecedented challenges regarding compliance with the going concern disclosure guidance.

June 11, 2021

IRS posts ARPA credit FAQs

The IRS has posted two sets of FAQs that explain changes to the child and dependent care credit and to the sick and family leave credits made by the American Rescue Plan Act.

June 4, 2021

SBA reports first 50 Shuttered Venue Operator Grants

The US Small Business Administration reported its first set of grants from the $16.25 billion Shuttered Venue Operator Grants program.

June 1, 2021

Line items

PPE is deductible as a medical expense … IRS advises on repayments of deferred employer Social Security taxes … Final regs. cover misdirected refunds

June 1, 2021

Automate meeting tasks with these tools

These software tools are worthy of consideration for anyone regularly running virtual meetings.

FROM THIS MONTH'S ISSUE

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.