Articles
- Employee Retention Credit Available for Many Businesses Financially Impacted by COVID-19
WASHINGTON — The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in... read more
- Three Action Items to Best Prepare Your Company for a Business Interruption Claim
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Given the current environment with the outbreak of the COVID-19 pandemic, now is the time to review your business interruption plans and take action. It is yet to be seen if losses due to interruptions caused by the pandemic will be covered in... read more
- Georgia Chamber SBA Call Recording
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The Georgia Chamber is encouraging fact-based decisions during this Covid-19 pandemic. They are working diligently to provide the latest information and most effective resources available to weather this crisis through their webpage,... read more
- IRS to Accept Email, Digital Signatures
To help taxpayers and the tax professional community during this COVID-19 period, effective immediately, the IRS will begin temporarily accepting images of signatures (scanned or photographed) and digital signatures on documents related to the... read more
- GSCPA Members Invited to Georgia Chamber Conference Call
The Georgia Chamber is hosting the following 2 Zoom Meetings, and they have graciously invited our members to participate for free. The Georgia Chamber is encouraging fact-based decisions during this Covid-19 pandemic. They are working diligently... read more
- IRS Announces E-Services Help Desk Line and E-Services Closed
The IRS has announced the temporary closure of the Practitioner Priority Service (PPS) line, the e-Services Help Desk line and the e-Services, FIRE and AIR system help desks due to staff limitations.The email sent out to practitioners reads: Dear... read more
- IRS Unveils New People First Initiative; COVID-19 Effort Temporarily Adjusts, Suspends key Compliance Programs
WASHINGTON – To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment... read more
- GSCPA COVID-19 Professional Update
The Georgia Society of CPAs (GSCPA) has been monitoring the latest developments concerning the coronavirus (COVID-19) pandemic. News about COVID-19 continues to be constant and overwhelming. GSCPA is actively working with state and federal... read more
- Cobb County Essential Services Clarification
The Georgia Society of CPAs has been talking to Cobb county officials throughout the day today – March 25, 2020 – regarding their “shelter in place” order and the deceleration of what is considered an essential service.... read more
- The Georgia Society of CPAs Asks Counties and Cities to List Accounting as Essential Service
ATLANTA (March 25, 2020) - The Georgia Society of Certified Public Accountants (GSCPA) asks all Georgia counties and municipalities to consider accounting an essential service as “shelter in place” orders are issued. A precedent has... read more
