Health and safety of our members, speakers, partners, sponsors, and staff are of the utmost importance to the ASCPA. We are closely monitoring the coronavirus (COVID-19) situation in Alabama.
Click on a header below to navigate to important updates to help you through these unusual circumstances.
Coronavirus Tax Relief
The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus. This page will be updated as new information is available. Go there now >
Preparing to Apply for a Small Business Economic Injury Loan
The Federal Emergency Declaration last week activated the SBA’s Economic Injury Disaster Loan program (EIDL). These loans will provide working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Learn more about applying >
NFIB Small Business Resources in Response to COVID-19
The National Federation of Independent Business (NFIB) created an up-to-date resource center for small business owners from the NFIB and outside organizations. Go there now >
Governor of Alabama Newsroom
Governor Kay Ivey's team shares and archives timely information for the people of Alabama in this digital newsroom. It includes press release archives, executive orders, and other statements from the Governor. Go there now >
Tax Relief Offered by States and Localities in Response to COVID-19
Tax relief provided by state and local tax and revenue departments in response to the novel coronavirus (COVID-19). Learn more >
To flatten the curve and spread of COVID-19, all CPE and chapter events are postponed between now and mid-May. We are working on hosting our larger workshops online so that you do not miss the opportunity to connect with speakers and peers online.
We will release more details about events week-by-week. In the meantime, take advantage of the 100s of webinars offered daily covering a variety of topics to. Find an event online now >
Risky Business - Conducting Remote Audits in Uncertain Times
Join us for this webcast with industry experts as we review what the audit standards say about remote auditing. Learn about higher risk audit and accounting areas to focus on, and review best practices so you can still put your best foot forward, even if it's from home.
Free Surgent CPE WebinaR
COVID-19 Tax and Legal Issues and Answers
Get In Contact with an ASCPA Staff Member
As of March 17, our entire staff is working remotely. We still are working hard to keep you informed to help you, your business, and your community. You may call or email staff directly when you have a question or need assistance - for a full staff directory, click here.
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Update to Notice 2020-18 from the IRS: Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic, Related to Gift & Generation-Skipping Transfer Tax Filing & Payment DeadlinesThe Secretary of the Treasury has determined that any person (as defined in section 7701(a)(1) of the Code) with a Federal gift tax or generation-skipping transfer tax payment due or the requirement to file Form 709 (United States Gift and Generation-Skipping Transfer Tax Return) on April 15, 2020, is also affected by the COVID-19 emergency for purposes of the relief described in this section III (Affected Taxpayer).
The AICPA sent a letter to ask Treasury Secretary Mnuchin to deem public accounting as an “essential service” by the federal government, similar to what many state governors have already done for shelter-in-place orders.
The Financial Crimes Enforcement Network (FinCEN) would like to reiterate, as previously announced their our website, the annual due date for filing FBARs for foreign financial accounts is April 15.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748, which passed the Senate by a 96-0 vote late on Wednesday, contains a host of tax measures as part of a $2 trillion aid package designed to help the economy as it suffers from the effects of the coronavirus pandemic. While the focus of the legislation is not tax, a large number of tax provisions are included in the over-600-page bill.