AICPA Town Hall Series – April 8, 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, Dir., Tax Policy & Advocacy, AICPA
• Mark Peterson, Executive Vice President, Advocacy, AICPA
• Lisa Simpson, CPA, CGMA, Vice President, Firm Services, AICPA
• Cari Weston, CPA, CGMA, Director, Tax Practice & Ethics, AICPA

Topics:

• Opening Comments & Policy Maker Update
• Relief Programs Discussion
• Final Stretch PPP, ERC, EIDL, SVOG, RRP
• Hot Tax Topics

Key Insights:

• Mark Peterson, the AICPA’s executive vice president of advocacy, talked about legislative efforts to reconcile disparate tax deadlines that would help firms and taxpayers
• Erik Asgeirsson, president and CEO of CPA.com, and Lisa Simpson, the AICPA’s vice president of firm services, talked about the final stretch for the PPP and what firms should be doing now to help clients with other programs, such as the Shuttered Venue Operators Grant
• Kristin Esposito, the AICPA’s director of tax policy and advocacy, discussed the latest developments with the Employee Retention Credit and its interplay with other relief programs
• Cari Weston, the AICPA’s director of tax practice and ethics, gave attendees an update on hot tax topics for practitioners