COVID-19 Updates and Resources for KSCPA Members

  • April 6, 2020
  • Source: KSCPA

KSCPA Updates

Online Peer Group (KSCPA Members Only): Chat online and address pressing questions with each other on this hot topic. Sign in to Exchange, then click Join Community: PPP and COVID Relief Issues.

The Kansas Society of CPAs cosigned a letter urging Congressional leadership to take immediate action to include PPP loan expense deductibility in legislation that passes this year. (December 3, 2020)

KSCPA MAKES RECOMMENDATIONS FOR THE NEW PHASE OF COVID-19 RELIEF LEGISLATION (JULY 22, 2020)

RETURN TO THE OFFICE TOOLKIT FOR KANSAS BUSINESS LEADERS (JULY 10, 2020)

SBA UPDATES FIRST PPP INTERIM FINAL RULE FOLLOWING PPP FLEXIBILITY ACT a KSCPA Ignite Blog (June 17, 2020)

EMERGING ISSUES RELATED TO COVID-19 a KSCPA Legislative Update (4/2/2020)

NEW RULES FOR FMLA AND SICK LEAVE a KSCPA Virtual Expert Forum Q&A (3/30/2020)

SUMMARY OF CARES ACT PROVISIONS a KSCPA Ignite Blog (4/1/2020)

CAUTION – HELPING CLIENTS WITH SBA LOAN APPLICATIONS a KSCPA Exchange Post (3/24/2020)

Remote Work Success Factors:

For information regarding upcoming CPE and virtual learning, visit https://www.kscpa.org/learning

Kansas Updates

At the request of KSCPA, KDOR has released Frequently Asked Questions to guide businesses on payroll withholding for remote workers across state lines during the pandemic. KDOR has revised form K-4C for proper allocation of the time spent performing services in a particular location for Kansas withholding purposes. Also, the Kansas Department of Revenue will waive any applicable penalties for employers and employees associated with the under-withholding and underpayment of individual estimated tax for all employees required to work remotely due to the pandemic.

Notice 20-02 Waiver of Penalty and Interest for Estimated Tax Payments for Individual and Corporate Income Taxes and Privilege Tax (KDOR)

Notice 20-01  Changes to Filing and Payment Due Dates for Homestead or Property Tax Relief Refund Claims and Individual, Fiduciary and Corporate Income Tax, and Privilege Tax (KDOR)

For the latest information on Coronavirus (COVID-19), go to https://govstatus.egov.com/coronavirus

National/Federal Updates

COVID Relief Package Passes House & Senate - This Journal of Accountancy article does a nice job of breaking down the key provisions (December 22, 2020)

For the latest information from the IRS to help taxpayers, businesses and others affected by the coronavirus go to https://www.irs.gov/coronavirus.

STATE BY STATE TAX FILING RELIEF GUIDANCE (Source: AICPA)

Paycheck Protection Program (PPP) Resources (1/8/2021)

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