COVID-19 news and information for CPAs

TOPICS

May 26, 2021

5 trends to watch during the pandemic recovery

Inflation fears, labor shortages and real estate issues all are top-of-mind as the US appears to be emerging from the COVID-19 pandemic. Former CNBC Chief Economist Marci Rossell provided AICPA Council members with advice Wednesday on what to expect in the weeks and months ahead.

May 24, 2021

Flexibility can cushion pandemic’s threat to women’s careers

Additional responsibilities around caring for children and supervising schooling are taking a toll on women, putting them at increasing risk of burnout during the pandemic.

May 19, 2021

COBRA premium assistance credit under ARPA clarified

The IRS answered questions concerning COBRA continuation coverage premium assistance and the corresponding tax credit that employers, plan administrators, and insurers may claim under the American Rescue Plan Act.

May 19, 2021

Restaurant Revitalization Fund to stop accepting applications Monday

Restaurants and other eating establishments have until Monday, May 24, at 8 p.m. ET to submit applications to the Restaurant Revitalization Fund (RRF), the SBA announced.

May 19, 2021

4 ways to get the most out of a virtual conference

If you’re planning to attend a virtual conference this year, try these four tips for maximizing learning, expanding your network, and achieving professional development.

May 17, 2021

Taxpayers deserve pandemic penalty relief, AICPA says

In a letter to the IRS and Treasury, the AICPA recommended, in light of the ongoing COVID-19 pandemic, that the IRS implement fair, reasonable and practical penalty relief measures, including targeted relief from both the underpayment-of-estimated-tax penalty and the late-payment penalty for the 2020 tax year.

May 13, 2021

Potential pitfalls for a return to in-person work

An ENGAGE 2021 speaker details some of the phrases and approaches organizations should avoid as they plan for a return to more regular in-person work.

May 13, 2021

Tips for lease accounting amid financial uncertainty

Many private companies and not-for-profits are adopting new lease accounting standards, and public companies that have adopted the guidance are applying it amid a pandemic-fueled surge in lease renegotiations.

May 12, 2021

Restaurant Revitalization Fund faces huge funding shortfall

Restaurants and other hard-hit providers of on-site food and beverage have flooded the Restaurant Revitalization Fund (RRF) with $65 billion in grant requests, more than double the amount of money allocated to the program.

May 11, 2021

IRS clarifies pandemic relief for dependent care assistance programs

Dependent care assistance program benefits carried over or available during an extended claims period under special temporary COVID-19 relief provisions retain their status as excludable from employees’ gross income and wages, the IRS explains in a notice.