COVID-19 news and information for CPAs

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August 13, 2020

6 new business realities in the pandemic era

Leaders are being called on to alter their focus amid the upheaval of the COVID-19 pandemic. An executive coach shares ways to get started.

August 13, 2020

AICPA requests guidance on payroll tax deferral

The AICPA has asked Treasury and the IRS for guidance on the recently announced executive order that defers some employee payroll taxes that would be due between Sept. 1 and Dec. 31.

August 12, 2020

New PPP guidance addresses health insurance, EIDL, other issues

Paycheck Protection Program issues related to health insurance, Economic Injury Disaster Loans and other matters were addressed in new guidance issued by the US Small Business Administration and Treasury.

August 11, 2020

Pandemic-related FAQs for health care entities

Health care entities’ financial statement preparers and auditors can benefit from an FAQ document developed by the AICPA on issues related to the coronavirus pandemic.

August 11, 2020

AICPA encourages COVID-19 tax relief and issues new auditing standards

Recent AICPA advocacy efforts have included requesting tax relief related to the coronavirus pandemic and issuing auditing standards related to audit evidence and auditing accounting estimates.

August 10, 2020

Executive action delays workers’ payroll tax payments

President Donald Trump issued presidential memorandum to defer the withholding, deposit, and payment of certain payroll taxes paid from Sept. 1 through Dec. 31, 2020.

August 10, 2020

Improve your remote hiring process during COVID-19

Hiring managers and other experts offer tips on creating successful remote hiring processes, from composing the job posting to choosing the technology to use.

August 4, 2020

New FAQs address PPP loan forgiveness issues

The SBA and Treasury published guidance answering 23 frequently asked questions related to the forgiveness of loans issued under the Paycheck Protection Program.

August 4, 2020

AICPA continues to ask Congress to include PPP deductibility in upcoming legislation

In a letter dated Aug. 4, 2020, the AICPA joined over 170 organizations to urge Congress to “include a technical correction addressing the tax treatment of loan forgiveness under the Paycheck Protection Program (PPP)” in its next round of legislation addressing the coronavirus pandemic.

August 3, 2020