When 2020 got started, people in the accounting profession had a lot to be happy about. Many CPAs were looking forward to a busy season, especially considering the Tax Cuts and Jobs Act, P.L. 115-97. The financial markets were off to a good start, and everything looked rosy.
Then, along came the coronavirus. Several vital industries tanked, virtually shutting down and disappearing overnight. Millions of Americans are doing what they can be working from home. There probably isn’t a single aspect of the CPA business that hasn’t been dramatically impacted, but new opportunities to help clients navigate these turbulent times have popped up overnight.…Continue reading