COVID-19 news and information for CPAs

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May 5, 2021

SBA stops accepting new PPP applications from most lenders as general funds run out

The SBA has informed lenders that it is no longer accepting new applications from most lenders for the Paycheck Protection Program because the $292 billion program’s general fund is nearly exhausted.

May 4, 2021

4 reopening mistakes employers must avoid

As firm leaders prepare for a post-pandemic work world, they should take care to plot a path that steers clear of potential pitfalls — four of which are explored in this article.

May 3, 2021

Weighing a move if your job has gone remote

Here are a few things remote-working finance professionals should consider when thinking of moving.

May 1, 2021

American Rescue Plan Act enacts many tax provisions

Here’s a look at changes affecting 2020 and 2021 that were included in Congress’s stimulus legislation.

May 1, 2021

The board’s role in not-for-profits’ post-pandemic success

Not-for-profits have experienced huge challenges during the coronavirus pandemic. Careful oversight of policies related to people, cash flow, and fraud can smooth the path to long-term sustainability for the mission.

April 27, 2021

Registration opens for Restaurant Revitalization Fund

Registration for the Restaurant Revitalization Fund (RRF) will begin at 9 a.m. ET on Friday, April 30, and the SBA will begin accepting applications on Monday, May 3, at noon ET.

April 27, 2021

Financial fears spike for young adults amid pandemic

More than half of Americans said their financial situation caused them stress during the pandemic, according to an AICPA survey. Younger Americans were particularly affected, with three-quarters of 18- to 24-year-olds reporting financial anxiety.

April 26, 2021

2021 child tax credit, EITC, and premium tax credit limits updated

The IRS issued guidance on the amount of and limitations on the child tax credit, earned income tax credit, and premium tax credit available for taxpayers for the 2021 tax year as a result of changes to those provisions enacted by the American Rescue Plan Act of 2021, P.L. 117-2.

April 26, 2021

Shuttered Venue Operators Grant portal begins accepting applications

The Shuttered Venue Operators Grant (SVOG) program officially opened Monday, with venue operators reporting successful uploads of applications for funding from the $16.25 billion program.

April 26, 2021