COVID-19 news and information for CPAs

TOPICS

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.

May 27, 2021

Draft employer’s payroll tax return incorporates ARPA changes

A proposed new version of Form 941, Employer’s Quarterly Federal Tax Return, reflects relief provisions of the American Rescue Plan Act.

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.