AICPA Town Hall Series – March 4, 2021

The AICPA Town Hall Series provides the latest news and updates on pressing issues facing the accounting profession. Presenters: Erik Asgeirsson, President & CEO, CPA.com Kristin Esposito, CPA, MST, Dir., Tax Policy & Advocacy, AICPA Barry Melancon, CPA, CGMA, President & CEO, AICPA Mark Peterson, Executive Vice President, Advocacy, AICPA Lisa Simpson, CPA, CGMA, Vice President, Firm Services, AICPA Topics: Updates from Policy Makers New Administration State of Legislation Business Relief Tax Extension Updates & Recommendations on New Guidance New PPP IFR and forms New ERC Guidance Key Insights: AICPA President and CEO Barry Melancon talks about the pressures on the IRS and SBA with tax and Paycheck Protection Program (PPP) issues, respectively, and the need for easing some deadlines for CPA firms and their clients. Erik Asgeirsson, president and CEO of CPA.com, discusses the state of PPP loan approvals and the SBA’s focus on the smallest businesses. Lisa Simpson, the AICPA’s vice president of firm services, gives the latest updates on PPP guidance. Kristin Esposito, the AICPA’s director of tax policy and advocacy, talked about the Employee Retention Credit and its interaction with PPP.