COVID-19 news and information for CPAs

TOPICS

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.

November 14, 2022

One deadline approaches for over 9 million eligible for pandemic-era benefits

In October, the IRS said it would leave Free File open for an extra month, until Thursday, so eligible taxpayers can claim their share of several benefits including the 2021 recovery rebate credit, the child tax credit, and the earned income tax credit.

October 21, 2022

Resources for organizations requiring an audit related to COVID-19 relief

AICPA & CIMA tools can assist organizations new to single audits or similar compliance engagements.

October 17, 2022

Understand the tax consequences of remote work

CPAs can play crucial roles in helping navigate the evolving landscape as state tax authorities ramp up efforts to source additional revenue from out-of-state workers and the companies they work for.

August 24, 2022

IRS relieves penalties for 2019 and 2020

As part of COVID-19 pandemic relief, the IRS will automatically abate failure-to-file penalties for certain tax and information returns and refund those penalties already paid.

August 10, 2022

Bills extend statute of limitation for prosecuting PPP, EIDL fraud

President Joe Biden signed bills that give the government more time to catch and prosecute fraud related to two of the most popular COVID-19 small business relief programs.

June 1, 2022

Is it time to rethink your firm’s physical footprint?

The rise of remote work is an opportunity to
evaluate where work gets done.

FROM THIS MONTH'S ISSUE

4 ways solo practitioners can stand out

Five years ago, a grieving Angel Zhen started his own CPA firm with no clients and no revenue. Today, he has 300 clients, $600,000 in revenue and 12 weeks of annual vacation. In this JofA article, he shares how he set up his firm and how you could do the same.