COVID-19 Webcasts and Training Opportunities
CPA Crossing has created a COVID-19 Resource Center full of webinars addressing the impact on taxation, audits, financial statements, risk, ethics, organizational change and personal finance. To get more information on these webinars please click here
The latest updae on the new interim final regulations on PPP Loan Foregiveness rules.
90-Day Tax Postponement Video
Steve Dilley, CPA, JD, PhD of Federal Tax Workshops explains the latest tax-related legislation just passed by Congress and the IRS regarding the 90-day Tax Filing/Payment Postponement as a result of the current COVID-19 emergency. (Updated 3/25/20)
The Colorado Society offers the following on-demand classes. MSCPA Members use code MontanaMembers to get membership pricing:
The Idaho Society and Montana Society have partnered to offer you these on-demand classes.
Members - use discount code: idaho&montanapartnership
ISCPA's Cares Act - COVID-19 Tax Provision (recorded on 4.2.20 and will not be updated)
ISCPA's Paycheck Protection Programs Loans & Other CARES Act Provisions (recorded on 4.2.20 and will not be updated)
RECORDINGS - Montana Department of Labor & Industry
Recorded Employer Q&A:
This recorded Zoom meeting includes answers to Montana employer questions related to COVID-19, the CARES Act, Unemployment Insurance, and Wage & Hour law. This recording will continue to be updated as new information sessions occur. All recorded information discussed during this meeting is also available on the above resource links and FAQ documents, which contain the most up-to-date information available.
The economic impact of COVID-19 on small businesses is unprecedented. The Paycheck Protection Program (PPP), administered through the Small Business Administration and created with the enactment of the CARES Act, is a vital program designed to provide access to cash so that small businesses can keep paying their employees and other expenses such as health insurance premiums, rent or mortgage payments and utilities. Join sought-after speaker Tony Nitti for a webcast discussion focused on the benefits of the program, how loans qualify for forgiveness, who is eligible for the PPP and how participation affects the ability for businesses to receive the employee retention credit and other relief offered in the CARES Act.
Help with Teams
These video clips will help you with Microsoft Teams to help your office work from home.
TM01 Teams App Value Proposition (This is a higher level video, covering the overall value of teams, whereas the others below are specific how-to clips)
In addition to being a significant business interrupter for many entities, the impact of the COVID-19 pandemic will also create significant financial reporting implications for virtually all entities. Many formerly profitable entities will be looking at charges for once unthought-of circumstances, from fixed asset impairment to inventory and receivables write-downs. Further, many entities will need to account for debt and other contractual modifications, including restructuring, forgiveness, and debt covenant modifications. Applying this often complex accounting guidance in these areas may be challenging.
In this course, we’ll review in detail the accounting guidance that many entities will need to apply when preparing their next set of financial statements. We’ll also review disclosure guidance for such topics as going concern considerations and subsequent events as well as other relevant financial statement recognition and presentation issues.