COVID-19 news and information for CPAs

TOPICS

July 1, 2021

Safe harbor for deducting PPP loan expenses

Congress clarified that business expenses resulting in loan forgiveness are deductible, but some taxpayers had followed earlier, contrary IRS guidance.

July 1, 2021

Finding the best talent using remote interviews

Social distancing and other pandemic precautions don’t have to slow down your search for talent. One organization offers tips for conducting effective remote job interviews.

July 1, 2021

Take control of your home Wi-Fi with Gryphon

A look at applications, gadgets, and other technology that can improve a CPA’s job and life.

June 28, 2021

Supreme Court declines to take up remote worker taxation case

The US Supreme Court declined to allow New Hampshire to sue Massachusetts over a pandemic-related regulation that allows Massachusetts to continue to collect state income tax from remote workers who normally work in Massachusetts.

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.