COVID-19 news and information for CPAs

TOPICS

March 30, 2023

How remote work affected early-career auditors

A new study delves into both the negative impacts and upsides of remote working on the learning and professional development of early-career auditors.

March 13, 2023

ERC claims on returns prepared by others raise questions for tax pros

The IRS Office of Professional Responsibility issued a bulletin that reviews the Circular 230 professional responsibilities that apply to claims for the employee retention credit.

March 3, 2023

In-person IRS tax forums scheduled for first time since pandemic start

The three-day forums, last held in person in 2019, are designed specifically for CPAs and other tax professionals.

March 1, 2023

Lookback period extended for refunds related to pandemic postponements

In determining the beginning of the lookback period for refund claims for returns with due dates postponed by Notice 2021-21 or Notice 2020-23, the IRS will disregard the periods from April 15, 2020, to July 15, 2020, and from April 15, 2021, to May 17, 2021. This change will align the lookback periods with the postponed return filing due dates.

February 9, 2023

IRS seeks information on 21 states regarding special payments, refunds

The national taxpayer advocate criticized the IRS for delaying the release of guidance on state special tax payments or refunds made in 2022 that she said could affect tens of millions of taxpayers.

January 26, 2023

Innovative CPA firm leader: ‘We never had a fear of trying’

The co-founder of a leading CPA firm explains why Monday is his favorite day of the week, how his firm got out of the “rat race” of hourly billing, and how it has adapted after a merger in this podcast episode with transcript.

January 11, 2023

How COVID-19 changed the way we teach

The COVID-19 pandemic forced colleges and universities to embrace the digital age. Accounting faculty members reflect on adapting to the changes, both positive and negative.

January 5, 2023

Hopes for 2023: Addressing change fatigue, making creative connections

A leader in the accounting profession shares hopes for the new year, discusses what’s next for remote work, and explains why change fatigue should be addressed.

December 21, 2022

Future of Finance takeaways: Hopes for the workforce in 2023

A keynote speaker at two recent AICPA & CIMA conferences shares her talent development-related hopes for 2023 in this podcast episode with transcript.

November 18, 2022

Congressional report criticizes contractor used by IRS during pandemic

The statement says ID.me inflated the amount of work it could provide and the amount of federal dollars lost to pandemic fraud, the latter in an effort to increase demand for its services. In his response, the CEO says he would not use such a crisis to help his company.