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Coronavirus (COVID-19) Resources for Tax & Accounting Professionals
As you navigate the impact of the coronavirus (COVID-19) pandemic across your business and with your clients, Wolters Kluwer is right by your side to help you stay up to date with tax and compliance changes and support your ability to work remotely. We will continually add resources as they become available. Sign up for email updates and follow us on social for the latest.
Top COVID-19 Tax Updates
Tax Briefings
3/27/2020
CARES Act
Friday afternoon President Trump signed $2.2 trillion bill to support economy during virus pandemic. Read our CARES Act tax briefing for details.
> Get 45 days of complimentary access to all COVID-19 research with CCH AnswerConnect
Complimentary COVID-19 Tax & Accounting Webinars
COVID-19 New Cyber Frauds and Cybersecurity Internal Controls
This free one hour webinar is designed to familiarize participants who are not IT experts on cybersecurity risks and internal controls.
COVID-19 Tax Briefings
Our analysts break down COVID-19 legislation, with in-depth explanations and insights into the impact on tax professionals. See more on federal tax legislation.
CARES Act
Explanation of the new legislation and the implications for tax professionals as it pertains to individual tax relief, business tax relief, and additional provisions in the Coronavirus Aid, Relief, and Economic Security Act.
SEC COVID-19 Guidance
The SEC issued an order that provides publicly traded companies with an additional 45 days to file certain reports. Download our SEC Guidance Tax Briefing for more about the guidance and what it means for you.
Families First Coronavirus Response Act
This special briefing provides an in-depth look at the new tax relief legislation and the impact it will have on tax professionals, including the new tax return deadline date, paid leave credits, IRS guidance and more.
Complimentary Access to COVID-19 Research with CCH® AnswerConnect
In response to the rapidly changing tax landscape and the overwhelming need for information and resources, Wolters Kluwer is providing 45 days of complimentary access to our award-winning tax research product, CCH AnswerConnect. This offer provides complete access to all of CCH AnswerConnect's premium content, including:
- All COVID-19 related content
- All Federal and state content, including CCH® SmartCharts
- Plus, so much more
Start using CCH AnswerConnect
From the Blog: More COVID-19 Tax News & Resources
The SEC has issued the following guidance for consideration of COVID-19 (Coronavirus) […]
As the impact of the coronavirus (COVID 19) continues to evolve, millions of Americans are adjusting to their “new normal” by working from home and practicing social distancing […]
The Public Company Accounting Oversight Board (PCAOB) provided an update on its inspections activities in light of the evolving COVID-19 crisis […]
Common questions our Corporate Indirect Team has been fielding. We will update this with new information from time to time […]
What Does Coronavirus Mean for Tax Professionals?
As tax professionals, we need to respond to the recent coronavirus developments on multiple fronts: understanding the tax implications of tax and compliance changes related to the virus, and ensuring business can continue to function remotely. We’re here to help.
Sign up to receive alerts when we publish new information about the impact of COVID-19 on tax professionals.
COVID-19 Response Series: Working with Clients Remotely
Almost overnight, your clients’ needs have changed dramatically. For many firms, working with clients in an entirely digital way went from a being a long-term goal to an immediate need. From your clients’ perspective, it will be incumbent on you to make the necessary changes and meet their needs. Fortunately, there are changes you can make in the short-term that will provide lasting benefits.
U.S. Master Tax Guide® (2020) Special Edition
As a tax professional, staying on top of all the annual changes to tax law and provisions is a substantial challenge. The upheaval resulting from the COVID-19 pandemic has left no aspect of life untouched, and that includes the realm of federal tax. To help you understand recent updates and essential regulations, Wolters Kluwer offers the U.S. Master Tax Guide (2020) Special Edition — reorganized to address the current U.S. tax structure.
Additional COVID-19 Resources
Wolters Kluwer COVID-19 Statement
As the coronavirus disease (COVID-19) situation continues to evolve as a truly global problem, governments and healthcare organizations around the globe are issuing new guidance and measures every day. Our leaders and experts are engaged, we are 24/7 monitoring the latest information, and rapidly responding to latest developments and guidance. Our top priority is to protect the health and well-being of our employees and our communities, and at the same time continue to service our clients without interruption.
Our thoughts are with the people affected and the professionals working around the clock to help those most in need, including healthcare professionals responding on the front lines, and tax, financial, and legal professionals keeping our economies and communities running.
Continue to serve our clients
We recognize that customers rely upon us and may face an increased need to leverage our solutions to enhance their business continuity plans. We’re working to do our part at Wolters Kluwer by continuing to service our clients while providing additional support and service to further help them navigate these challenging times.
We’re making our expert solutions available to help our customers, partners, and communities. We also offer solutions to governments, hospitals, and clinicians that are dealing with the impact of the virus, including Health solutions like UpToDate, Lippincott Nursing resources, Audio Digest, and Ovid; CCH® AnswerConnect Tax Briefing; Enablon EHS solutions; Employment & Labor Law guidance for our Legal customers, and BOLD (Chinese legal database).
We are open for business
As of March 16, we have extended our work-from-home guidance to all employees globally as a precautionary measure and to protect the health and safety of our employees, clients, and communities, to help contain the spread of the virus. Our investment in digital infrastructures allow us to continue operating and progressing in line with our company values, while serving our highly engaged teams.
While we serve the needs of our clients remotely, our offices will remain open for critical functions. We will shift back to normal work patterns when possible and in line with governmental mandates and advice.
Cybersecurity Resources
With more and more people turning to remote work options in the face of the COVID-19 pandemic, cybersecurity has never been more important.
In fact, Accounting Today reported that the IRS warned tax professionals Wednesday (3/18/20) of a new phishing email scam targeting them. The IRS is urging tax professionals to beware and follow some security steps to safeguard their clients and businesses.
The steps include:
- Use the multifactor authentication option offered by tax prep software to protect accounts from unauthorized access.
- Use strong password protections on all devices.
- Never open suspicious emails, links and attachments that may carry malware.
- Use strong security software and keep it updated.
We’ve pulled together more in-depth resources to help you navigate cybersecurity.
Fireside Chat: Cybersecurity Guidance from the IRS Security Summit
More than ever, tax preparers will need to stay educated and informed on measures that they can take to prevent fraud and security breaches. In this fireside chat, Shannon Bond, VP & Segment Leader for the Preparer Market and contributing member of the IRS Security Summit, shares insights on how to safeguard your clients’ information and stay informed on best practices when it comes to dealing with data breaches and identity fraud.
Work from Home Cybersecurity: 7 Helpful Articles
A collection of articles with tips on how to help keep your system safe while you work from home.
White Paper: Data Security in the Cloud vs. On-Premise
This white paper takes a detailed look at things you need to consider to adequately protect your firm and clients' data against digital threats, analyzing the differences between cloud-based and on-premise security.
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