COVID-19 Resource Center

To cope with the COVID-19 crisis, many employers are taking employees’ temperatures and asking them general health-related questions as they report to work. This information was accurate as of 6/19/20.

Some companies are expected to report impairment losses in fiscal year 2020 because of the COVID-19 crisis. Here’s what you should know if your organization’s balance sheet includes these types of assets. This information was accurate as of 6/19/20.

Just about every business owner’s strategic plans for 2020 look far different now than they did heading into the year. The COVID-19 Pandemic has changed the economy in profound ways, forcing many companies to recalibrate suddenly and severely. This information was accurate as of 6/17/20.

If you’re planning to sell your home this year, it’s a good time to review the tax considerations. Unfortunately, the COVID-19 crisis has resulted in a slowdown in sales. This information was accurate as of 6/16/20.

The IRS recently issued another notice extending tax deadlines because of the COVID-19 Pandemic. This information was accurate as of 6/12/20.

Outsourcing may appeal to organizations that are currently struggling with mounting overhead costs during the COVID-19 crisis. This information was accurate as of 6/12/20.

Under a provision of the Coronavirus Aid, Relief and Economic Security (CARES) Act, the PPP is available to U.S. businesses with fewer than 500 employees. Here are some important aspects of the PPP Flexibility Act. This information was accurate as of 6/10/20.

The recent riots around the country have resulted in many storefronts, office buildings and business properties being destroyed. Here’s how a loss is figured for tax purposes. This information was accurate as of 6/08/20.

As COVID-19 pandemic has made clear, a business owner may suddenly vanish from the picture — leaving the company adrift in a time of crisis. In such an instance, a traditional succession plan may be too cumbersome or indistinct to execute. That’s why every company should create an emergency succession plan. This information was accurate as of 6/03/20.

Restaurants and entertainment venues have been hard hit by the novel COVID-19 pandemic. The treatment of meal and entertainment expenses became more complicated after the TCJA. It’s possible the deductions could increase substantially under a new stimulus law, if Congress passes one. This information was accurate as of 6/01/20.

Even before the novel Coronavirus (COVID-19) pandemic struck, Americans received a lot of packages. Not surprisingly, thieves and fraud perpetrators are looking for any opportunity to profit from what has become an essential service. Here’s what you should watch out for. This information was accurate as of 6/01/20.

In the midst of the COVID-19 crisis, the Financial Accounting Standards Board (FASB) has decided to give certain entities an extra year to make the changes, if they need it. This information was accurate as of 5/29/20.

One of the strongest predictors of a not-for-profit’s long-term survival is multiple revenue streams. The same is likely to be true for nonprofits that do — or don’t — survive the current COVID-19 crisis. This information was accurate as of 5/26/20,

What happens if your financial fortunes take a turn for the worse after you’ve irrevocably transferred a sizable portion of your wealth? This may be an especially pertinent question in light of the current economic downturn resulting from the novel Coronavirus (COVID-19) pandemic. This information was accurate as of 5/21/20.

The IRS recently issued frequently asked questions (FAQs) regarding retirement plan distribution and loan relief under the CARES Act. This relief applies to qualified individuals affected by the novel COVID-19 pandemic. This information was accurate as of 5/15/20.

In light of COVID-19, many businesses are interested in donating to charity. In order to incentivize charitable giving, the CARES Act made some liberalizations to the rules governing charitable deductions. Here are two changes that affect businesses. This information was accurate as of 5/11/20.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law on March 27, 2020 contains a beneficial change in the tax rules for many improvements to an interior portion of a nonresidential building. Here’s how it could lower your tax bill for 2018 and beyond. This information was accurate as of 5/05/20.

By now, many Paycheck Protection Program (PPP) applicants have received loan proceeds or expect to receive them soon. Here are key facts to ensure your loan forgiveness. This information was accurate as of 5/01/20.

The U.S. Department of Labor’s (DOL’s) Wage and Hour Division recently posted additional guidance regarding paid sick and emergency childcare leave under the Families First Coronavirus Response Act (FFCRA). This information was accurate as of 5/01/20.

Before you conduct a Benchmarking study, it’s important to make normalizing adjustments to avoid any misleading comparisons. This is especially important when looking at periods that include atypical financial results due to the novel Coronavirus (COVID-19) pandemic. However, there are a variety of factors that require normalizing adjustments. This information was accurate on 5/01/20.

A natural place to turn when disaster strikes is insurance. However, when it comes to business interruption coverage, you may have to adjust your expectations if you intend to file a claim because of the novel Coronavirus (COVID-19) pandemic. This information was accurate as of 4/29/20.