COVID-19 resources for accountants and tax professionals
Navigate the road ahead for your clients and business with the most recent and relevant COVID-19 news.
Latest updates (as of 12/22/20)
Updates related to the second stimulus package are in progress.
For information on the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, please visit the Intuit Accountants Tax Pro Center.
The U.S. Small Business Administration announced that a borrower may use PPP Loan Forgiveness Application Form 3508S if the borrower received a PPP loan of $50,000 or less.
Key resources for you and your clients
What they need to know
- What to know about stimulus checks
- View deadlines for my client’s state
- Learn about expanded unemployment benefits
- Get an overview of the CARES Act
- Health-related benefits under the CARES Act
- Learn about the impact of COVID-19 on the foreign income and housing exclusions
- Additional federal resources
Loans and cashflow
- Discover client business relief options with Intuit Aid Assist
- Help clients prepare ahead to apply for PPP loan forgiveness
- Assess clients’ cash situation to help them achieve and maintain positive cash flow with the Cash Flow Continuity Playbook
- Find out if your client is eligible to delay the employer portion of their Social Security payroll taxes
Taxes, payroll, security
- Learn about the CARES Act and how it retroactively relaxed limitations of net operating losses, interest expenses, AMT credits, and more
- Cassidy Jakovickas, CPA, and Vanessa Vasquez share how to go beyond taxes to help clients
- See if your client can keep employees on payroll with the Employee Retention Credit
- For businesses with fewer than 500 employees, help your clients get relief with provisions in the Families First Coronavirus Response Act
- Help your client communicate with landlords, lenders, financial institutions, and more with Find out how working from home may bring companies greater exposure to state tax codes
- Help your client communicate with landlords, lenders, financial institutions, and more with Intuit’s mock action plan and sample letters
- Share security tips with clients moving from working in the office to working from home
Stay up to date with free virtual training
NEW: COVID-19 Relief — Key Measures & Insights
Five Steps to Help Manage Cash Flow Right Now — On demand
Ask the Advisor: Communicating with Clients through Crisis (No CPE) — On demand
Taking Your Practice Remote — On demand
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Other information related to COVID-19
- AICPA coronavirus resource center
- “Is maximizing PPP loan forgiveness the real endgame?” via Accounting Today
- “Coronavirus: Is your firm prepared for a pandemic?” via CPA Practice Advisor
- “Cybersecurity in a time of coronavirus” via Accounting Today
- “Keeping you informed and prepared amid the coronavirus outbreak” via Jounal of Accountancy