ISCPA is monitoring the coronavirus (COVID-19) situation and has compiled some helpful resources for members seeking guidance on business planning, personal preparations and proper procedures to reduce risk of infection. Scroll through the options below under these categories:

• News and tips
• Professional resources
• COVID-19 related learning and CPE options
• Health organizations

Members may also use the online community - ISCPA Link - to post questions to other members and discuss issues surrounding the disruption to business and taxes. The ISCPA Link forum is for members only.

News and tips

• PPP application deadline extended to May 31 (AICPA statement)
• American Rescue Plan Act passes with many tax components (Journal of Accountancy)
• Second Draw Paycheck Protection Program (PPP) Loans: How to Calculate Revenue Reduction and Maximum Loan Amounts (SBA)
• How to Calculate Maximum Loan Amounts for First Draw PPP Loans (SBA)
• The SBA and Treasury have issued guidance for the reconstituted PPP through two interim final rules (IFRs):
• Business Loan Program Temporary Changes; Paycheck Protection Program as Amended
• Business Loan Program Temporary Changes; Paycheck Protection Program Second Draw Loans

• New coronavirus stimulus package contains some big tax items (Accounting Today)

• SBA PPP loan necessity form required from large borrowers (Journal of Accountancy)
• PPP forgiveness simplified for loans of $50,000 or less (Journal of Accountancy)
• PPP Loan Forgiveness Application Form 3508S (SBA)
• PPP loan forgiveness FAQs (SBA)
• Summary of PPP Flexibility Act of 2020 (AICPA)
• New PPP loan EZ Forgiveness Application available for some borrowers
• SBA’s Economic Injury Disaster Loans and Advance Program reopened (SBA)
• Paycheck Protection Program Flexibility Act statement (Treasury and SBA)
• PPP loan forgiveness application (SBA)
• SBA releases new EIDL and PPP reporting information
• AICPA's PPP Loan Forgiveness calculator is available (AICPA)
• PPP FAQs (updated regularly)
• Assistance for small businesses (U.S. Dept of Treasury)
• Interim Final Rule - PPP Requirements - Disbursements (Treasury)
• Interim Final Rule - Additional Eligibility Criteria and Requirements for Certain Pledges of Loans (U.S. Dept of Treasury)
• Treasury Dept actions for businesses and workers (U.S. Dept of Treasury)
• Coronavirus Relief Options (SBA)
• Paycheck Protection Program (SBA)
• Affiliation Rules for Paycheck Protection Program (SBA)
• PPP Affiliation Interim Final Rule (SBA)
• FAQ for aid programs and faith-based organizations (SBA)
• IRS to accept digital signatures due to COVID-19 (Accounting Today)
• COVID-19-Related Tax Credits for Required Paid Leave FAQ (IRS)
• DOL guidance on protections and relief for FFCRA including link to FAQs (U.S. Dept of Labor)
• Updates and Resources About COVID-19 (Iowa Workforce Development)
• COVID-19 Response and Resources (Iowa Economic Development)

Professional resources

• AICPA's PPP Loan Forgiveness calculator is available (AICPA)
• AICPA Recommendations - PPP Application and Forgiveness Processes
• Paycheck Protection Program (PPP) resources for CPAs (AICPA)
• How to calculate maximum loan amounts by business type for PPP (Treasury)
• Order issued regarding Estimated Tax Payments (IDR)
• IDR Removes Notarization Requirements on Select Tax Forms (IDR)
• IRS portal available to enter bank info and check stimulus status (IRS)
• View video message from ISCPA CEO Cindy Adams (4/10/20)
• Tax filing FAQs (AICPA)
• Use Gross Payroll Approach in PPP Applicants Calculations (AICPA)
• Coronavirus Impact on Peer Review (AICPA)
• Important guidance from IAEB on licensure relief (Iowa Accountancy Examining Board)
• IDR COVID-19 resource page (IDR)
• COVID-19 small business loan resource info (Small Business Administration)
• IRS - FAQs for tax filing and payment relief
• AICPA Coronavirus Resource Center
• Coronavirus tax resources for AICPA members (AICPA)

Learning and CPE options

Many COVID-19 related courses are available and found on our CPE catalog under Webcasts & Webinars.

Health Organizations

• World Health Organization
• American Red Cross
• U.S. Department of Labor
• Johns Hopkins Coronavirus Dashboard Map
• Centers for Disease Control and Prevention: Coronavirus
• Centers for Disease Control and Prevention Twitter
• Iowa Department of Public Health