COVID-19 news and information for CPAs

TOPICS

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

SBA announces PPP process changes

The US Small Business Administration said that it is updating the Paycheck Protection Program’s processes and application platform to speed up the flow of funds to small businesses.

February 10, 2021

Virtual accounting: How to succeed remotely

Founders of a fully virtual accounting firm share how accountants can succeed at working remotely now and after the pandemic is over.

February 8, 2021

How Stack Overflow raised millions while working remotely

This article discusses how one tech firm’s team managed to raise $85 million in investor funding while working remotely during the pandemic.

February 5, 2021

Senate shows bipartisan support for mobile workforce tax legislation

The Senate voted to make room in the FY 2021 budget resolution for mobile workforce legislation. Details of the budget still must be negotiated, but the vote creates the possibility that mobile workforce legislation, which the AICPA strongly supports, will be enacted this year.

February 5, 2021

Eligible educators may deduct personal protective equipment expenses

The IRS issued guidance providing a safe harbor under which eligible educators who have unreimbursed expenses for personal protective equipment, disinfectant, and other supplies used to prevent the spread of COVID-19 in the classroom can deduct those expenses as educator expenses.