COVID-19 news and information for CPAs

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March 1, 2021

Guiding clients through change and uncertainty

Financial advisers can lead the way in an investment landscape upended by COVID-19.

March 1, 2021

Staying vigilant against fraud during the pandemic

Internal controls need to be front and center, as the COVID-19 crisis has increased the incentive and opportunity for fraud.

March 1, 2021

Fighting fraud on a limited budget

Even in difficult economic times, it’s important to keep up the processes and controls that prevent fraud.

March 1, 2021

Arming staff with the right tools to succeed

This month’s column looks at tactics and technology that leaders can employ to manage staff working remotely.

March 1, 2021

Tax provisions in the year-end coronavirus relief act

Pandemic relief, tax extenders, and much more were included in year-end legislation.

February 27, 2021

House passes $1.9 trillion stimulus bill with a variety of small business relief

The $1.9 trillion economic relief bill passed by the House of Representatives includes $25 billion for restaurants as well as additional funding for EIDL advance payments and the PPP. The bill also includes $1,400 stimulus payments to individuals and extends unemployment insurance supplements.

February 27, 2021

Tax provisions in the American Rescue Plan Act

The stimulus bill passed by the House contains many tax provisions, including a new round of economic stimulus payments, tax credits for COBRA continuation coverage, and expansions of the child tax credit, the earned income credit, and the child and dependent care credit.

February 24, 2021

AICPA seeks certainty on filing deadline and relief for 2020 tax year

The AICPA has written to Treasury and the IRS, calling for certainty about the April 15 tax filing and payment deadline and for underpayment and late-payment penalty relief during the COVID-19 pandemic.

February 22, 2021

New PPP changes attempt to ease smallest businesses’ access

The White House said it will allow only businesses with fewer than 20 employees to apply for PPP loans during a two-week period starting Wednesday. The administration also will change the PPP loan calculation formula to help sole proprietors, independent contractors and self-employed individuals receive more financial support.

February 22, 2021

PPP processing delays continue

Anti-fraud screenings by the SBA are delaying the processing of Paycheck Protection Program loan applications, sometimes for weeks, AICPA executives said during an online Town Hall.