With Hurricane Florence approaching the East Coast, the VSCPA is here to provide resources to help CPAs and their clients deal with the financial and tax consequences of natural disasters.
Resources for CPAs, CFOs and Controllers
- IRS FAQ for Disaster Victims — Affected Taxpayer and Records Necessary to Meet a Deadline for Filing and Paying
A guide for CPAs to help victims affected by natural disasters meet their tax filing obligations. Taxpayers are defined as "affected" if records necessary to meet a filing or payment deadline postponed during a relief effort are located in a covered disaster area.
- American Institute of CPAs (AICPA) Casualty Loss Practice Guide (DOC)
Many practitioners and their clients have found the AICPA's Disaster Area Practice Guide invaluable. The guide includes links to recent IRS publications and is designed to help CPAs assist their clients and employers with the tax consequences of a natural disaster.
- Disaster Recovery: What CFOs Must Know
This guide from CFO Innovation can help you develop a disaster recovery plan for your organization.
- Disaster Recovery Checklist: A Resource for Controllers and CFOs (PDF)
This checklist, from professional liability insurance company Dealey, Renton & Associates, outlines the steps companies need to take to respond to a disaster.
Resources for the Public
Published in 2003 with support provided by the AICPA Foundation, and developed by the AICPA and the National Endowment for Financial Education (NEFE), Disaster Recovery: A Guide to Financial Issues and Financial Planning-A Guide to Disaster Preparedness can help people affected by natural and man-made disasters to recover from financial loss. Offered free of charge by local American Red Cross chapters, these guides is the first comprehensive, easy-to-understand resource to guide people through the three key stages of disaster recovery: the days immediately after a disaster, the months following and the long-term future.
- Disaster Recovery: A Guide to Financial Issues (PDF)
- Disasters and Financial Planning: A Guide for Preparedness (PDF)
- Virginia.gov Emergency Notices
Find the latest emergency notices and up-to-date information from the Commonwealth of Virginia.
- Virginia Emergency Preparedness & Response Programs
The Virginia Department of Health has emergency preparedness and response programs that offer a wealth of information and resources on the state, regional and local level for dealing with emergencies like hurricanes.
- Disaster Recovery Tips by Virginia Department of Emergency Management
Tips to becoming an active partner in the recovery process when dealing with disaster — to not only rebuild your home and community, but also to minimize the risks of future devastation.
- FEMA's Emergency Management Guide for Business and Industry
FEMA offers a step-by-step approach to emergency planning, response and recovery for companies of all sizes.
Learn some of the things you can do to prepare for the unexpected, such as assembling a supply kit and developing a family communications plan, for both a natural or man-made emergency.
- American Red Cross
Get the latest news and updates from the American Red Cross, including offices in your region.
- Direct Relief.org
Worldwide disaster information can be accessed at Direct Relief International's website.
- Small Business Administration Disaster Recovery Resources
Learn tips from the SBA to help you and your business recover from disaster.
The IRS offers the following resources: