Many small and midsized CPA firms have the potential to fail post-COVID-19 if they don’t address the red flags that will inevitably pop up after the pandemic subsides.
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Daily Briefing
July 16, 2020
Upcoming Events July 16, 2020
Daily Briefing
10 red flags for firms to avoid after COVID-19
By Dom Esposito
Many small and midsized CPA firms have the potential to fail post-COVID-19 if they don’t address the red flags that will inevitably pop up after the pandemic subsides.
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What is the "new normal" for engaging customers in the wake of COVID-19?
COVID-19 has disrupted the way customers interact with businesses, forcing companies to find new ways to best serve their needs. When you complete our confidential survey to help us understand the extent of the expected disruption in your customer interactions during the pandemic — and how your business is responding — we will donate to Direct Relief.
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The Tech Take: Virtual reality the new reality for accountants
By Ranica Arrowsmith      3 min read
Virtual reality could be one piece of tech that really enhances the remote accounting experience, enabling the most realistic simulacrum of in-person meetings available today.
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IRS gives coronavirus-hit hospitals more time for assessments
By Jeff Stimpson      1 min read
Nonprofits hospitals have until Dec. 31 to report on their CHNAs.
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States see employee telecommuting as a way of creating tax nexus amid coronavirus
By Michael Cohn      2 min read
The majority of states are considering a company to have tax nexus if just a single employee is telecommuting from their state, according to a new survey, which could have wide implications for businesses as more of their employees work from home during the COVID-19 pandemic.
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Advances in Tech Demo Event
Join this live 1-hour webinar and learn about some of the latest software and technologies in the accounting industry, which are helping our community move forward. Demos are followed by a live Q&A. Hosted by Accounting Today.
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IRS sending letters about delayed employer tax credit payments
By Michael Cohn      2 min read
The Internal Revenue Service said Wednesday it has begun to send letters to taxpayers who are seeing delays in the processing of their Form 7200, Advance Payment of Employer Credits Due to COVID-19.
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Deadline for MP Elite 2020 submissions extended
By Danielle Lee      2 min read
Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list of top firm leaders to the end of the day Monday, July 20.
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ADP adds Form 5500 filing dashboard
By Michael Cohn      1 min read
Simplified 5500 Compliance Reporting Process aims to streamline the reporting requirements for employee benefit plans.
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In the blogs: COVID operations
By Jeff Stimpson      3 min read
Next round of relief — and infighting; challenges and pitfalls at the IRS; Biden’s ideas; and other highlights from our favorite tax bloggers.
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Ireland loses Apple billions, but wins tax vindication for now
By Dara Doyle and Peter Flanagan      2 min read
For Ireland, a ruling that it didn’t illegally help Apple Inc. is vindication, of sorts.
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Cash-strapped businesses hit Tax Day with new reasons to worry
By Laura Davison      4 min read
Even the extra time to file hasn’t been enough for some businesses struggling to pay the government as the pandemic threatens to worsen.
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