COVID-19 news and information for CPAs

TOPICS

June 19, 2020

Guidance on how to take CARES Act distributions from qualified plans

The IRS released guidance on how taxpayers can take coronavirus-related distributions from qualified retirement plans as authorized by the CARES Act.

June 17, 2020

17 strategic questions to answer before reopening

Firms must consider strategic as well as practical issues as they reopen. These questions can help you think through some of these issues and point you toward ways to preserve positive changes made during the lockdowns.

June 17, 2020

New PPP loan forgiveness applications released

The U.S. Small Business Administration and Treasury released a revised loan forgiveness application for the Paycheck Protection Program that reflects recent changes made by Congress to make the program more borrower-friendly.

June 17, 2020

Pandemic considerations for EBP financial statements

The coronavirus pandemic has had a profound effect on employee benefit plan financial statements. Preparers and auditors need to carefully consider going concern implications, CARES Act implications and more.

June 17, 2020

How to deliver the news of furloughs and layoffs

Transparency and sensitivity are important when managers have to tell employees about job cuts, and these tips can help prepare you for that communication.

June 16, 2020

15 questions firm leaders should ask before returning to the office

Reopening your physical office is not a decision to take lightly. Here’s an overview of the many issues firm leaders need to consider when developing a plan to reopen.

June 15, 2020

Fed expands program to help large employers

The Federal Reserve will begin buying individual corporate bonds on the secondary market in a move designed to make more credit available for large employers.

June 15, 2020

Professional networking during COVID-19

Digital technology affords CPAs the ability to connect with their network from the safety of their home or office.

June 15, 2020

Why accountants should embrace ‘More with Less’

Hard trends accelerated by the COVID-19 pandemic means that the mantra “More with Less” should become a rallying cry for the accounting profession. What does More with Less mean?

June 15, 2020