Accounting Today | Corona Virus Impact
AICPA supports bill that would make PPP-funded expenses deductible
The bill, the Small Business Expenses Protection Act of 2020, S. 3612, is currently in the Senate Finance Committee and is supported by the AICPA.
AICPA Coronavirus (COVID-19) Resource Center
The Association, the global voice of the American Institute of CPAs and the Chartered Institute of Management Accountants, is taking the Coronavirus (COVID-19) very seriously.
Keeping you informed and prepared amid the coronavirus outbreak
The latest news, columns, tips, podcasts, and videos from the Journal of Accountancy and FM magazine
The indirect impacts of COVID-19 on CPA firms
The world has changed dramatically in recent months. At the beginning of 2020, many CPAs were excited about the prospect of an “easier” busy season after dealing with the law known as the Tax Cuts...
Filing and Payment Deadlines Questions and Answers
The Treasury Department and the Internal Revenue Service (IRS) announced special Federal income tax return filing and payment relief in response to the ongoing Coronavirus Disease 2019 (COVID-19) emergency.
GOP Proposes Tax Credit to Refund Expenses Incurred Due To COVID-19
On Monday, U.S. Senator Rob Portman (R-OH) proposed the Healthy Workplaces Tax Credit Act, which would benefit businesses with refundable tax credits against payroll taxes.
Coronavirus Tax Relief
The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus.
Opportunity Zone Deadlines Extended by IRS Due to COVID-19
The Internal Revenue Service continued its mission to provide needed relief to the business community since the outbreak of the Coronavirus pandemic in March, turning its gaze this week to the popular Opportunity Zone (OZ) program.
Leading a 100-percent remote workforce during coronavirus
For years, my CPA firm has had the ability to work remotely, as I’m sure yours did. Never, though, did I consider a scenario where everyone would be working from home for weeks on end.
Critical Considerations To Improve Your Remote Employee Security During The C-19 Pandemic
Today's technology allows that to happen in many cases with relative ease; however, are your employees prepared with the necessary knowledge to keep themselves and your network safe under these circumstances?
Has Coronavirus Changed Bookkeeping Forever?
The global spread of COVID-19 has contributed enormously to the sudden surge of businesses moving over to cloud-based bookkeeping software. It’s an industry that had been seeing robust growth...
What We Know About ROI: A New Approach for the CPA
In the scramble to adjust to running an accounting firm during a pandemic, many firms invested in new technology to help them bridge the gap between a traditional in-office operation and a new virtual approach. And understandably so—it was an unforeseen challenge that caught most industries and businesses off-guard.
Leading in a work-from-home environment
Now that people have had the chance to figure out a way to run their businesses or do their jobs from home, leaders now have to answer a more difficult and abstract question: How can we work “together” when everyone is physically apart?..
What are the Best Work from Home Practices Bookkeepers Should Follow?
Two of the primary concerns facing accountants and bookkeepers right now is how to keep employees accountable while they are working from home and how to make sure your clients’ – and your company’s – data stays safe.
COVID-19 & The Remote Work Revolution
The benefits of remote working have long been debated but it's evident that COVID-19 has accelerated the inevitable remote work revolution, with tech giant after tech giant making the trend a permanent fixture for their workforce.
Working From Home: How to Design a Home Office With Productivity and Comfort in Mind
Working from home has long had an allure for many people. Certainly, staying home on a daily basis, rolling out of bed and going to work in pajamas can be luxurious. However, without a proper work station, working from home can be unnecessarily difficult, unpleasant, and may even lead to ergonomic injury.
In New Era of Uncertainty for Accounting Firms, Remote Workforces are a Certainty
Successful CPA firms place a premium on security and ongoing contact with clients. The remote practices, initially thought to be somewhat temporary, will most likely be permanent and will require ongoing education of employees and...
What to do if staff can’t make it to the office
111 Free Tools to Help You Through the Coronavirus Pandemic
These free tools can help your organization, team, and family during this confusing and dangerous time.
Emotional agility in the age of coronavirus: A crash course
As CPAs and financial professionals, we are trained to be financially astute, but now in the age of coronavirus, we have to master being emotionally astute...
Guidance on Preparing Workplaces for COVID-19
To reduce the impact of COVID-19 outbreak conditions on businesses, workers, customers, and the public, it is important for all employers to plan now for COVID-19.
Tips for Fighting Off Cybercriminals in 2020
As businesses continue to aver that “we have great cybersecurity tools and a great IT department,” cybercriminals continue to drain the global economy...
Small Business Planning During Covid-19
Here is a great planning tool from The Association of Accountants and Business Professionals in Business
Your firm and the pandemic: Better after broken
During stressful times like these, it’s natural to feel like everything around you is broken. Everyone is out of sorts. The economy seems frozen. Your clients’ personal and business finances are in disarray...
Simple Technology Tools For CPA Firms
Nine Steps for CPA Firms to Take During the Coronavirus Crisis
The coronavirus (COVID-19) pandemic has caused companies across the world to temporarily close their doors in an effort to halt or slow down the spread of the novel coronavirus...
Your PPP Loan Was Approved - Now What?
The recently enacted CARES Act, inclusive of the wildly popular Paycheck Protection Program (PPP), is the largest stimulus package since FDR's New Deal...
ADP Employer Preparedness Toolkit
This ADP Coronavirus (COVID-19) Employer Preparedness Toolkit was designed to help you navigate the challenges you and your workforce are facing.
How to lead in the age of coronavirus
Pisano provides an amazing perspective because in addition to being a leadership guru, she also has a master’s degree in applied human psychology.
Understanding Business Loan Options under the Coronavirus Stimulus Package
Here are some of the most commonly asked questions our advisors are hearing and answering.
Coronavirus Disease 2019 (COVID-19)
Covid Self Screening Tool
If you think you or a family member have been exposed to COVID-19, evaluate symptoms with apple's in-home screening tool and understand your next steps.
Coronavirus disease (COVID-19) Pandemic
Reopening amid the pandemic: Firms must weigh risk with privacy
For now, specific policies and procedures may be left up to each individual employer in alignment with general guidance provided by EEOC, OSHA and testing guidance from the Centers for Disease Control (CDC) and the FDA.
Creating webinars to answer client questions
If you are like many accountants in these extraordinary times, your email and voicemail inboxes are filling up with questions from clients asking how they should be responding to the coronavirus pandemic.
Pathways to Growth: Press ‘Shift’ and prepare to pivot
Charles Darwin may not have lived through a pandemic, but he certainly knew a thing or two about adaptation. “It is not the strongest or the most intelligent who will survive,” wrote Darwin, “but those who can best manage change.”
Nailing Down Your Work-from-Home Policy
During the early days of the pandemic, most people had a free pass on their wardrobes when working from home. We were in complete crisis mode, and the last thing on anybody’s mind was formal office attire. But now clients are settling into the new normal.
What Your Accounting Firm Must Do Now To Succeed Post-Pandemic
This period of COVID-19 presents a unique challenge for accounting firms and their clients, many of whom are grappling with how to survive when most of the country is on lockdown and many businesses are at a full stop...
5 steps to keep business development alive in the pandemic
Here are a few actions you can take in your business development activity to reignite the fire now, and set yourself up for the inevitable changes to how you will do business as a long-term result of this pandemic.
How accounting firms can reactivate their workforce after COVID-19
A “new normal” is framing day-to-day life as those in professional services return to work. While some businesses have returned to limited operations as restrictions brought on by the COVID-19 pandemic lift, accounting firms and the CPAs working within them now face a significant learning curve settling into an evolved routine.
Accounting Resilience and Sustainability in a Post-pandemic Economy
From a financial market perspective, the novel coronavirus pandemic has led to global economic uncertainty and volatility. With such widespread impact, the economic effects are disrupting day-to-day accounting procedures...
7 Steps to Safely Reopening Your Firm's Office During a Pandemic
This is complicated stuff. There are federal, state, and local regulations to consider. The health and well-being of your employees is your top concern, obviously, but you also have to consider the health of your clients, your team's access to protective equipment, and your own legal liabilities.
A post-pandemic to-do list
The coronavirus pandemic continues to test the accounting profession in unprecedented ways and, for the most part, accountants are rising to these unique challenges — advising clients on how to keep their businesses afloat while focusing on the recovery of their own practices and people.