Like millions of other Americans in the workforce, many accountants have been sorely affected by the 2020 Coronavirus Pandemic. To help you as an accountant navigate and even thrive during these trying times, the Rules of Thumb blog from MoneyThumb has spent the last week compiling a list of what we consider to be valuable free resources for you. We hope the following free resources are helpful. Please share this blog post so that your peers in the accounting field can also benefit from our well-researched list below:
How CPAs Can Help Small Business Clients Right Now-- This is a very helpful article from Accounting Web and it applies to unlicensed accountants and bookkeepers who have small business clients as well as CPAs. It discusses especially the government PPP (Payroll Protection Program) for small businesses and how you as an accountant can help your small business clients navigate the program.
4 Tips to Ensure Covid-19 Doesn't Slow Your Business Down--This article from Sage offers 4 great tips for keeping your accounting business running as usual, even if you are forced to work from home.
Federal Tax Enforcement in the Age of Covid-19--This is a free webinar hosted by CPAacademy on Monday, May 4, 2020, at 10 a.m. EST. You will receive 1 CPE credit for attending. Below is a course description:
The COVID-19 pandemic and the President’s declaration of a national emergency has upended the Internal Revenue Service’s enforcement agenda in a dramatic way, both in the short term and for the feasible future. This webinar will address the following topics:
Current status of IRS operations
Extensions of tax filing and payment deadlines
IRS “People First Initiative” and its implications for tax enforcement in the short-term
Status of pending audits, Appeals, and United States Tax Court proceedings
Modifications to enforced collection activities and opportunities for taxpayers who owe back taxes
Status of criminal tax investigations in the COVID-19 environment
Anticipated priorities of Criminal Investigation Division post-COVID-19
Taking Your Practice Remote--This is another free webinar, this one sponsored by Intuit, and will be held at 1 pm CDT on Friday, May 8, 2020. Below is an abstract of the free webinar:
- How strong leadership can be disrupted by an expanding team
- How to maintain your vision as a leader and articulate that to your team
- How to prevent your team from retreating into mental silos that degrade productivity
- How to handle interpersonal conflicts
How CPAs Can Tackle the Coronavirus Pandemic--this is a free e-book from Ace Cloud Hosting, delivered via CPA Practice Advisor. Well worth a read for you and your firm.
Impact of COVID-19: State of Accountants Report--Over 1,100 accounting professionals from 18 different countries weighed in on the impact that COVID-19 is having on their firm and their clients. This free report from Smart Vault offers the results of that survey.