President Trump Signs Into Law Cares Act

Under the Families First Coronavirus Response Act

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The CARES Act is the third round of federal government aid related to COVID-19. We have summarized...

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Effective Date for Employment Tax Credits

Under the Families First Coronavirus Response Act

Notice 2020-21
I. PURPOSE This notice provides that the tax credits for qualified sick leave wages and qualified family leave wages required to be paid by the Families First Coronavirus Response Act will apply to wages paid for the period beginning on April 1, 2020, and ending on December...
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Key Takeaways from IRS' People First Initiative

While the stimulus bill is still going through congress, the IRS has acted on its own to modify collections of past due tax balances. The projected effective dates will run from April 1 through July 15. Below are the highlights of the People First Initiative:
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How Manufacturers Can Navigate The COVID-19 Supply Chain Impacts

By Jeff Pratt, Sean MurphyThe novel coronavirus (otherwise known as COVID-19) crisis has struck a serious blow to the manufacturing industry, which was already battling trade policy turbulence, a slowdown in global manufacturing growth and broader economic uncertainty. The virus’ disruptive impacts are rippling throughout global manufacturing...

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Accounting & Reporting Considerations as a Result of COVID-19

Introduction

With the continued spread of COVID-19 and its overwhelming effect on the global economy, we anticipate companies will experience complex accounting and reporting issues across multiple areas of their financial statements. Companies will need to consider whether those issues, as well as operational disruptions to their overall...

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How should businesses secure remote access to company systems?

In just a short amount of time, COVID-19 has had an immense impact on the global economy, as well as business operations around the world.  How companies stay resilient and can adapt in the face of COVID-19’s impact, will be a topic of discussion for many business leaders as new information continues to surface. Along with COVID-19’s impact,...

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Federal Aid Package Helps Individuals Affected By COVID-19

The Families First Coronavirus Response Act (H.R. 6201),  became law on March 18, 2020. The Act guarantees free testing for the novel coronavirus (COVID-19), establishes emergency paid sick leave, expands family and medical leave, enhances unemployment insurance, expands food security initiatives, and increases federal Medicaid funding.The...

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Top Cybersecurity Recommendations Amid COVID-19

Globally industry has seen a sharp rise in cyber-attacks since the Chinese government disclosed the spread of the coronavirus or COVID-19 within China and internationally. Especially, cyber-attacks focused on health-care systems using spear-phishing and ransomware, impersonation attacks combined with business email compromise (BEC) targeting...

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Coronavirus Strikes Nonprofits in More Ways than One

By Andrea Wilson  

Now present on every continent except Antarctica, COVID-19 has infected more than 125,000 people, and is responsible for more than 4,600 deaths. With the number of cases in the U.S. continuing to climb, individuals and companies alike are taking steps to prepare for a pandemic. From a shortage of masks and hand sanitizer,...

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Privacy in the Time of Pandemic

Personal data is a complicated asset. The use of personal information for the provision of a service, research purposes, identity verification, and a countless array of other objectives that range from benign and boring, to potentially predatory and malicious, has become ubiquitous in modern society. Personal data is an extremely valuable...

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