COVID-19 news and information for CPAs

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March 25, 2021

Deadline for certain single audits delayed because of pandemic

The Office of Management and Budget is permitting a six-month delay beyond the normal due date for recipients and subrecipients with fiscal year ends through June 30, 2021, that have not yet filed their single audits with the Federal Audit Clearinghouse.

March 25, 2021

Number of US companies planning space reduction grows slightly

Questions asked as part of a quarterly economic sentiment survey show that more companies expect to cut back on office space in the coming year.

March 25, 2021

SBA eyes early April to begin Restaurant Revitalization Fund rollout

The SBA is targeting early April to launch a phased rollout of the $28.6 billion Restaurant Revitalization Fund.

March 24, 2021

SBA raises COVID-19 EIDL loan limit to $500,000

The SBA announced that starting the week of April 6 it will more than triple the maximum amount that small businesses and nonprofits can borrow under the COVID-19 Economic Injury Disaster Loans (EIDL) program.

March 23, 2021

Tax filing postponement doesn’t go far enough, AICPA says

The IRS has postponed individual returns’ due date to May 17, but June 15 remains a more appropriate date for many reasons, the AICPA says.

March 22, 2021

Ethics considerations for assisting clients with PPP documents

A special crossover episode of the podcast delves into ethical concerns related to assisting clients with PPP loan and forgiveness applications.

March 22, 2021

Why right now is a great time to network

Experts share tips for digital networking.

March 22, 2021

Broaching tough conversations with clients

CPAs are knowledgeable about their small business clients’ financial conditions and emotionally removed enough from the organizations to help business leaders see what they often would rather avoid.

March 19, 2021

Shuttered Venue Operators Grant program to open April 8

The SBA will begin accepting Shuttered Venue Operators Grant applications on April 8. Entities interested in applying can sign up for updates via a splash page for the new SVOG application portal.

March 18, 2021