COVID-19 news and information for CPAs

TOPICS

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.

February 4, 2021

Identity theft tips and PPP-related employee retention credit changes

News to know in this express version of the JofA podcast: Reminders for online shopping, employee retention credit changes, and more.

February 4, 2021

AICPA raises PPP concerns with SBA

The AICPA sent a letter urging the US Small Business Administration to address problems small businesses are encountering when trying to apply for Paycheck Protection Program forgivable loans.

February 1, 2021

PPP advice for firms: Preach patience to clients

Accounting firms are juggling competing client demands thanks to tax season coinciding with the reopening of the Paycheck Protection Program. How can firms keep from dropping the ball? It starts with taking the time to do the job right.

February 1, 2021

SBA issues FAQs for Shuttered Venue Operators Grants

New guidance from the US Small Business Administration does not specify a starting date for the new Shuttered Venue Operators Grant program but does recommend actions potential applicants should be taking now while the SBA builds the application platform for the $15 billion COVID-19 relief initiative.

February 1, 2021

Trust and technology keep productivity up during pandemic

One company discusses how it found a way to magnify the strengths of remote work by employing a more informal check-in style and building on technology’s democratizing effects.

February 1, 2021

Give your staff great feedback — from a distance

This article discusses ways to make giving remote feedback easier and more effective.

FROM THIS MONTH'S ISSUE

Build reusable Skills in Anthropic’s Claude AI

Instead of rewriting prompts each time, CPAs can turn routine tasks into reusable AI Skills. This Technology Q&A walks through how to build Claude Skills that process files, ask setup questions, and export clean Excel outputs.