AICPA Town Hall Series – July 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
• Michael Faulkender, Ph.D., Professor Univ of Maryland, Former Chief Economist & Assistant Secretary for Economic Policy, United States Treasury
• Mark Peterson, Executive Vice President, Advocacy, AICPA
• Lisa Simpson, CPA, CGMA, Vice President, Firm Services, AICPA

Topics:

• Strategic Discussion with Michael Faulkender
• Legislative and Tax Update
• Technical Guidance & Updates

Key Insights:

• Former U.S. Assistant Secretary of the U.S. Treasury Department, Dr. Michael Faulkender, an architect of the Paycheck Protection Program, joins CPA.com CEO, Erik Asgeirsson, for a discussion on the defining moments and lessons learned in creating the largest business relief program in U.S. history.
• Mark Peterson, AICPA's Executive Vice President for Advocacy, presents the latest legislative and regulatory updates including the Biden Infrastructure and Tax Proposals, IRS Service & Penalty Relief, paid preparer tax legislation, and simplifying estimated tax deadlines.
• Lisa Simpson, AICPA Vice President of Firm Services, provides a technical guidance: addresses unanswered questions about employee retention credit, the PPP loan forgiveness landscape, and updates on Restaurant Revitalization Fund.