COVID-19 news and information for CPAs

TOPICS

August 17, 2020

Auditors show resilience during pandemic, CAQ’s Lindsay says

The effective response by public company auditors during the coronavirus pandemic has helped maintain the public’s faith in the capital markets, Center for Audit Quality Executive Director Julie Bell Lindsay said.

August 17, 2020

IRS posts information about check processing backlog and incorrect notices

As the IRS works through its backlog of correspondence, it has posted information about checks it hasn’t cashed yet and notices that went out with incorrect dates.

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.

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.