The COVID-19 pandemic has led to panic and disruption for many regarding their taxes and finances. S. Davis, CPA is here to help. Along with our regular accounting services, we would like to support our clients with this clearinghouse of resources to help you plan and prepare for your financial present and future stability. Click on any of the images or links below to find further information and resources.
The AICPA is taking the coronavirus (COVID-19) very seriously. We are continually monitoring the virus’ impact on our members, staff, exam candidates, students and the profession.
We are working around the clock to get information into the hands of our members as quickly as possible. Understandably, in doing so, our first priority is to provide you with high level overviews, and then to create tools and resources to support the new information. As these tools may be ready slightly after our initial overview, please be sure to check this website on a regular basis.
For additional information, please contact our Global Engagement Center. We recommend using the chat feature in the bottom right corner of the screen for the best service experience.
Coronavirus Aid, Relief, and Economic Security (CARES) Act news and resources
- U.S. Small Business Administration (SBA) Paycheck Protection Program resources for CPAs
- AICPA applauds additional clarity in Treasury FAQ on Paycheck Protection Program
- AICPA recommends lender documents and key calculations to use in PPP applications
- AICPA calls on accounting profession to support rollout of small business relief program
- AICPA Statement on CPAs as Agents for Paycheck Protection Program (PPP) applications
- CARES Act and Families First Coronavirus Response Act Summary (open to AICPA members)
- CARES Act Stimulus Calculator
COVID-19 Webinars (June 2020)
The SBA South Florida District Office will host a series of Small Business Recovery webinars to provide the latest information on how the SBA is helping small businesses with their economic recovery from the effects of COVID-19.
You may join the conference 10 minutes prior. Limited to the first 500 callers, unless otherwise noted.
- PPP Loans & How to Apply (Webinar)
Tuesday, June 9, 2020 – 1:00pm EDT
SBA Sponsored
Registration Required - Franchise Business Outlook Post COVID-19 – A Free Live Webinar
SCORE Business Mentor
Tuesday, June 9, 2020 – 5:00pm EDT
Resource Partner
Registration Required - Understanding Lease and Rent Agreements during the Covid-19 Pandemic
SCORE Business Mentor
Wednesday, June 10, 2020 – 6:00pm EDT
Resource Partner
Registration Required - PPP Loans & How to Apply (Webinar) – SPANISH
Thursday, June 11, 2020 – 1:00pm EDT
SBA Sponsored
Registration Required - Perspectivas del Negocio de Franquicias Post COVID-19 – Un …
SCORE Business Mentor
Thursday, June 11, 2020 – 5:00pm EDT
Resource Partner
Registration Required - Ramping Business Up After the Crisis: Employees: Hiring, Firing and …
SCORE Business Mentor
Tuesday, June 23, 2020 – 6:00pm EDT
Resource Partner
Registration Required - Sourcing Capital for Your Business During the COVID-19 Crisis
SCORE Business Mentor
Wednesday, June 24, 2020 – 2:00pm EDT
Resource Partner
Registration Required - Simple Steps: Ramping Your Business Up After the Crisis: It’s All …
SCORE Business Mentor
Tuesday, June 30, 2020 – 6:00pm EDT
Resource Partner
Registration Required
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, a $2.3 trillion relief package aimed at assisting individuals and businesses in weathering the economic downturn caused by the COVID-19 pandemic. The CARES Act contains several provisions designed specifically to provide government assistance to small businesses in the form of increased access to loans, and, in some cases, subsequent forgiveness from the amounts borrowed. Section 1102 of the CARES Act temporarily adds a new product, titled the Paycheck Protection Program (PPP), to Section 7(a) of the Small Business Act. PPP loans will be available to eligible small businesses from February 15, 2020, through June 30, 2020.
Look for your stimulus check? Some have received their checks while others might still be waiting. Click on this image to go to the latest updates from the Internal Revenue Service to find aid in locating your economic impact payments.
Voices Inside the coronavirus-related employer tax credits and penalty relief
The Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security, or CARES Act, provide refundable tax credits to certain employers that continue to pay their employees during the COVID-19 pandemic. The Internal Revenue Service is also providing employers eligible for these credits with relief from the penalty for failing to timely deposit employment taxes.
