COVID-19 news and information for CPAs

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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.

February 22, 2021

How to support working parents without losing efficiency

This article explores policies companies can put in place to support employees with children during this uniquely challenging time without sacrificing efficiency.

February 19, 2021

IRS provides cafeteria plan relief for the pandemic

The IRS issued guidance on how employers can amend their health flexible spending arrangements and dependent care assistance programs to respond to the coronavirus pandemic.

February 18, 2021

From the filings: Supply chain lessons from the pandemic

Industrial giants 3M, Arrow Electronics, and Caterpillar explain how they navigated disruptions.

February 16, 2021

4 tips for launching a new initiative virtually

This article offers tips for forming, testing, and launching a new endeavor under remote-working circumstances.

February 11, 2021

Single audits: Deliver high quality in a challenging time

The federal funding surge that accompanied the coronavirus pandemic has made single audits more challenging than ever. But now that the rules have been released, practitioners need to focus on delivering high-quality single audits in this difficult time.

February 10, 2021