COVID-19 Resources for Members
The Greater Washington Society of CPAs knows that the COVID-19 outbreak is on the minds of all of our members and is already affecting some of you and your businesses/organizations. We will make every effort to keep you informed during this time and to help you mitigate risk to your businesses and organizations. Some resources that you may find helpful are linked below.
GWSCPA COVID-19 Webinar: Legal Strategies for Nonprofit Meetings (recorded 3/10/20)
Health and Government Agency Information and Guidance
Maryland Extends Business Tax Filing Deadlines (Office of Comptroller)
Virginia Declares State of Emergency (Office of Governor Northam)
Washington DC Declares State of Emergency and Public Health Emergency (Office of the Mayor)
Maryland Declares State of Emergency State of Maryland)
Auditors Prepare for Virus Travel, Reporting Disruptions (1) (Bloomberg Law)
Coronavirus: Is Your Firm Prepared for a Pandemic? (CPA Practice Advisor)
Coronavirus concerns: Putting people first (Financial Management podcast)
Updated OMB Memo (GWSCPA)
A few minutes ago, the IRS posted an FAQ document, which addresses a number of your questions not yet clarified by the extension announcement. These include issues around 990s, benefit plans, estate/gift taxes, payments and more.
There will still be more advocacy needed, but for now, HERE is their update.