COVID-19 news and information for CPAs

TOPICS

May 15, 2020

Data security tips to help weather a pandemic

Finance professionals should keep their guard up against cybercriminals exploiting coronavirus concerns.

May 15, 2020

Preparing for business interruption claims

CPAs will be critical in helping businesses recover losses in the wake of COVID-19. These six tips from Robert Glasser, CPA/CFF, CGMA, an expert in business interruption accounting, explain how to prepare for making insurance claims for losses caused by the crisis.

May 15, 2020

IRS explains how nonfilers can receive economic impact payments

Individuals not required to file a return can use a tool on the IRS website or file a special 2019 return.

May 15, 2020

Deducting home office expenses

Help tax clients fulfill exacting requirements.

May 15, 2020

Auditing during COVID-19: 6 areas to focus on

Here is how practitioners can handle some of their biggest challenges when conducting audits in the current environment.

May 15, 2020

COVID-19 tax guidance for businesses

The IRS provided guidance on how businesses can take advantage of CARES Act tax provisions.

May 15, 2020

IRS grants relief for COVID-19 disruptions on tax residency

Time rules are eased for the substantial presence test for foreign citizens in the US and the foreign earned income exclusion for US citizens abroad.

May 15, 2020

How the COVID-19 crisis is leading to lasting change

Take a look at 11 ways the pandemic is fundamentally altering our work and society.

May 15, 2020

IRS posts FAQs on paid COVID-19-related sick and family leave

Employer tax credits for small businesses are provided under the Families First Coronavirus Response Act.

May 14, 2020

SBA allows increased PPP loans to partnerships, extends safe harbor to May 18

The U.S. Small Business Administration (SBA) issued a new interim final rule opening the door for lenders to increase existing Paycheck Protection Program loans to partnerships and seasonal employers.