Coronavirus Resources

Coronavirus Resources (24)

Six CPA Firms Join ITA

Six new CPA firms have joined as inaugural members of the Information Technology Alliance’s Client Accounting and Advisory Services) track. ITA is a nonprofit association of CPA Firms, consulting firms and technology vendors.

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KPMG: Vaccines a Key in Return to Offices

Fifty-five percent of global CEO surveyed by KPMG say employee access to a COVID-19 vaccine is a key to having employees return to office. An overwhelming 90 percent of 500 CEOs surveyed in March and April are considering asking employees to report their vaccination status.

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IRS Outlines COVID-related Tax Issues

The Internal Revenue Service has detailed two areas of taxability stemming from the COVID-19 pandemic this week. These include the deductibility of personal protective equipment and taxation of emergency financial aid grants for students

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Paychex Fields COVID-19 Tools

Paychex has introduced software tools  that include COVID-19 leave tracking and screening and health attestation support. The new products are available in Paychex Flex, the company’s cloud-based HR technology platform.

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PPP Loan Forgiveness Tools Multiply

Companies of all kinds, including CPA firms, software vendors and banks, are fielding loan forgiveness tools for the Paycheck Protection Program. The tools include calculators for loan forgiveness and platforms for providing information to borrowers.

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IRS Guides on Retirement Distributions

The Internal Revenue Service has issued guidance for retirement plans participants, affected by the COVID-19 virus, who take distributions or loans from those funds. Under the CARES Act, distributions this year are not subject to an additional 10 percent tax for early withdrawals.

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WK Outlines COVID-19 Info for Customers

Wolters Kluwer has outlined resources available to professional customers in its business segments. That includes adding a COVID-19 section to its CCH AnswerConnect research platform, the company said this week.

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Zoho Adds Storage, Free App Development

Zoho is ramping up the storage available to its online small business customers. The cloud software company has also introduced a program to build web and mobile applications for free for nonprofits, along with offering use of other apps for free.

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CFOs Predict Workplace Changes

More than two thirds of CFOs responding to a PCW COVID-19 Pulse Survey expect changes to workplace safety measure and requirements. That was the opinion of 77 percent of 305 finance leaders participating in a recent survey.

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Working Remotely: The Next Wave

 

In mid-March, regardless of traditional April 15 tax deadlines, everyone in America, accounting firms included, went home. Work didn’t stop; it just readjusted.

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