COVID-19 news and information for CPAs

TOPICS

March 18, 2022

The state of US not-for-profits: More demands, fewer resources

A new survey by BKD CPAs & Advisors finds that most US not-for-profits are adding new services to meet increased demand despite facing shortfalls in funding and staffing.

March 17, 2022

Not-for-profit audits in a remote world, plus IRS news

Learn how the abrupt shift to remote work affected not-for-profit audits and how they’re coping now, plus the latest news, in this podcast episode with transcript.

March 17, 2022

TIGTA: IRS beset by processing backlogs, hiring lags in 2021

A review by the Treasury Inspector General for Tax Administration assessed the IRS’s 2021 performance, customer service issues and administration of tax law changes.

March 16, 2022

SBA again extends deferment period for EIDL payments

Small businesses and not-for-profits that received funding through the COVID-19 Economic Injury Disaster Loan program won’t have to begin payments on the loan until 30 months after the loan was made, the US SBA announced.

March 9, 2022

How not-for-profits can emphasize their advantages in a tight labor market

Recruiting and retention are difficult in an environment where employees have lots of options. Not-for-profits can emphasize their mission and use many other strategies to stay fully staffed.

March 1, 2022

Audits of PRF for-profit funds, other issues discussed in GAQC resources

New tools offered by the AICPA Governmental Audit Quality Center discuss coronavirus relief fund audit requirements for for-profit health care entities as well as single audit tips for auditors and organizations subject to single audit requirements.

March 1, 2022

5 pandemic lessons and how to apply them to your career

The challenges of the pandemic may be an opportunity to add new career skills and habits.

March 1, 2022

The legacy of the Paycheck Protection Program

Firms can build on the relationships with clients that
were bolstered during the pandemic.

March 1, 2022

Steven Harris, CPA, CGMA

The hybrid working environment has improved productivity but requires leaders to focus more on building organizational culture and collaboration, according to Steven Harris, CPA, CGMA.

February 28, 2022

PPP forgiveness too slow in some cases, inspection finds

A report by the Office of the Inspector General found that the US Small Business Administration did not meet the 90-day statutory requirement to remit Paycheck Protection Program forgiveness payments to lenders for loans totaling $66.4 billion.