COVID-19 news and information for CPAs

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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

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.

FROM THIS MONTH'S ISSUE

AI risks CPAs should know

Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.