Coronavirus (COVID-19)

Paycheck Protection Program (PPP), CARES Act & Business Guidance

The PICPA works daily to gather critical information on the coronavirus outbreak and its repercussions. Check back frequently for updates.


Paycheck Protection Program

A new COVID-19 relief bill - the American Rescue Plan Act - was signed into law on March 11, 2021, and the PICPA continues to collect resources to help you serve your clients, firms, and businesses. - March 25, 2021

Loans Forgiven under the PPP Now Exempt from State Income Tax


Peter Calcara, PICPA's vice president of government relations, discusses Act 1 of 2021, a PICPA-supported measure that allows loans forgiven under the federal PPP to be exempt from state income tax (PA PIT).

AICPA Special Edition Town Hall
(Dec. 23, 2020)

 

More from the Philadelphia DOR, Pa. DOR, and Pa. DOL

Discussion on Pennsylvania Department of Revenue Reopening
July 9, 2020
Download Q&A Transcript

COVID-19 Recovery and the Philadelphia DOR: Live Discussion with Frank Breslin
July 28, 2020

COVID-19 and Pennsylvania’s Pandemic Unemployment Assistance Webinar
May 26, 2020 

Disclaimer: All information in these recordings was current as of the time of the live webinars. The information shared in the webinar recordings is subject to change.


Tips on Reopening Offices Responsibly


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More on the CARES Act

The CARES Act was signed into federal law on March 27, 2020, and provides emergency relief to workers, families, small businesses, and distressed industries.

Families First Coronavirus Response Act

This legislation was signed into federal law on March 18, 2020. It required certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. The requirement that employers provide paid sick leave and expanded family and medical leave under the Families First Coronavirus Response Act (FFCRA) expired on Dec. 31, 2020. Please visit the U.S. Department of Labor's Wage and Hour Division’s FFCRA Questions and Answers page to learn more about workers’ and employers’ rights and responsibilities after this date.

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Business Guidance


PICPA Resources

Webinars

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Resources

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  • Provider Relief Fund Compliance: Documenting Is Key

    The health care industry saw billions of dollars in stimulus payments in 2020 through the Provider Relief Fund to help with the financial effects of the COVID-19 pandemic. The rollout, however, presented challenges. As organizations attempted to determine how to meet the grant’s terms and conditions, Health and Human Services issued guidance, but that guidance has evolved over time.
    Full story
  • New Perspectives and Challenges for the Audit Committee Review of Audits

    The annual post-audit meeting between an audit committee and its external auditors is an important part of good corporate governance. This year in particular, the audit committee must focus on several specific areas in light of the coronavirus pandemic and its impact.
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