Resources and Information

The Illinois CPA Society is committed to providing members with the latest information and resources related to the impact of the coronavirus, also known as COVID-19, as it continues to evolve.  

The safety and well-being of our members remains our top priority.  We will continue to monitor the situation and provide updates as necessary.

Short, informative videos on key tax and
accounting topics related to COVID-19.

• State Tax Issues: Sales Tax  (video 4:36)
• State Tax Issues: Income Tax  (video 3:55)
• The CARES Act: Part 1 – Overview  (video 5:45)
• The CARES Act: Part 2 – Economic Injury Disaster Loans  (video 5:20)
• The CARES Act: Part 3 - Paycheck Protection Program (PPP)  (video 10:34)
  
• The CARES Act: Part 4 – Individual Tax Provisions (video 4:35)
  
• The CARES Act: Part 5 – Business Tax Provisions (video 5:21)
  
• The CARES Act: Part 6 – Payroll Tax Credits (video 4:41)
  
• The CARES Act: Part 7 – Retirement and Employee Benefit Provisions
  (video 4:52)
  
• The CARES Act: Part 8 – Unemployment Insurance Section 139 Disaster Relief
  (video 4:34)
• The CARES Act: Recovery Rebate Payments (4:06)

Update: PPP Funding and Main Street Lending Program - WEBINAR RECORDING  (ICPAS April 29, 2020)

• Paycheck Protection Program Follow Up Slides (PDF)
• PPP Forgiveness and Main Street Loans Slides (PDF)

CARES Act: Unraveling the PPP and ERC for Small and Mid-Sized Businesses - WEBINAR RECORDING (ICPAS April 9, 2020)

• Paycheck Protection Program Slides (PDF)
  
• Paycheck Protection Program Borrower Application Form (PDF)
• Employee Retention Credit Slides (PDF)
• Speaker Contact Information (PDF)

Public Health Organization’s Coronavirus Updates

• Illinois Department of Public Health
• Chicago Department of Public Health
• Centers for Disease Control and Prevention
  
• World Health Organization

Illinois Tax News and Resources

• COVID-19 Government Relations Daily Summaries (ICPAS)
• AICPA Coronavirus Resource Center (AICPA)
• IRS Coronavirus Tax Relief (IRS)
• Paycheck Protection Program Loans FAQ (SBA) PDF
  
• SBA Paycheck Protection Program Resources for CPAs (AICPA)
• PPP First Draw Borrower Application Form (SBA)
• PPP Second Draw Borrower Application Form (SBA)
  
• Families First Coronavirus Response Act Q&A (DOL)
• Fake Online Coronavirus Map Delivers Well-known Malware (HHS PDF)

Tips for Working Remotely

• Sample Telecommuting Policy (ICPAS PDF)
  
• Free Video Conferencing Tool (Zoom)
• Coronavirus: 4 tips to work remotely (CIMA)
• 5 Tips for Going Remote Now (AccountingToday)

Business Continuity Planning Resources

• Interim Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (CDC Feb. 2020)
• Getting Your Workplace Ready for COVID-19 (WHO Feb. 2020)
• 35 Questions for Coronavirus Planning (Journal of Accountancy)
  
• Disaster Response Questions to Prepare for Coronavirus (PDF)
• Lead Your Business Through the Coronavirus Crisis (Harvard Business Review)
• As Coronavirus Spreads, Prepare Infectious-Disease Plans (SHRM)

Prevention Resources
The CDC recommends everyday preventative actions including:

• Wear a mask over your mouth and nose
• Stay six feet away from others you don't live with
• Avoid crowds
• Wash your hands frequently with soap and water for at least 20 seconds
• Use an alcohol-based hand sanitizer with at least 60% alcohol
• Cover your cough or sneeze with a tissue or your sleeve
• Avoid touching your eyes, nose and mouth 
• Stay home when you’re sick
• Avoid close contact with people who are sick
• Clean and disinfect frequently touched objects often