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Description

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
• Edward S. Karl, CPA, CGMA, VP, Taxation, AICPA
• Mark Peterson, Executive Vice President, Advocacy, AICPA
• Lisa Simpson, CPA, CGMA, VP, Firm Services, AICPA

Topics:

• Legislative & New Administration Update
• SBA & Lender Processing Update
• Latest Updates & Recommendations

Key Insights:

• Erik Asgeirsson, president and CEO of CPA.com notes that, despite ongoing issues with the Paycheck Protection Program (PPP), there is still plenty of money available for small businesses
• Ed Karl, the AICPA’s vice president of taxation, talks about the pressures on the IRS and the implications that may have for tax filing deadlines
• Mark Peterson, the AICPA’s executive vice president of advocacy, discusses the growing clamor for policymakers to fix the PPP loan application process and other advocacy issues, including professional licensure issues in the states
• Lisa Simpson, the AICPA’s vice president of firm services, provides PPP updates and mentions an upcoming AICPA guide on PPP accounting