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House gives final approval to $1.9 trillion pandemic aid bill
The House of Representatives voted 220–211 Wednesday, March 10, 2021 to approve the Senate version of a $1.9 trillion coronavirus relief bill, which President Joe Biden is expected to sign into law.
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AICPA Requests Tax Deadline Postponement from April 15 to June 15
The AICPA on Thursday, March 4, 2021, sent a letter to IRS Commissioner Charles Rettig and Acting Assistant Secretary Mark Mazur urgently asking for the deadlines for filing all 2020 federal income tax and information returns and for making payments to be extended from April 15 to June 15, 2021, in response to a number of issues that make it impossible for many taxpayers to meet the April 15 deadline.
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AICPA urges Congress to extend PPP deadline
On March 2, 2021, the AICPA called on Congress to extend the application period for the Paycheck Protection Program (PPP) by at least 60 days.
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AICPA raises PPP concerns with SBA
The AICPA sent a letter Wednesday urging the US Small Business Administration (SBA) to address problems small businesses are encountering when trying to apply for Paycheck Protection Program (PPP) forgivable loans.
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AICPA Special News Alert Regarding Coronavirus Response & Relief Supplemental Appropriations Act
AICPA Special News Alert regarding federal stimulus legislation Coronavirus Response & Relief Supplemental Appropriations Act
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AICPA Requests Guidance and Clarity on Payroll Tax Deferral Memo
The AICPA on Wednesday, August 12, 2020, sent a letter to Treasury and the IRS requesting guidance on the recent presidential memorandum deferring some employee payroll taxes until next year.
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AICPA Urges Congress to Pass Remote and Mobile Worker Relief Act
AICPA Urges Congress to Pass Remote and Mobile Worker Relief Act
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Six Month Extensions Granted for Firm Peer Reviews
CPA firms will be granted six-month extensions for peer reviews, corrective actions, and implementation plans with original due dates between Jan. 1 and Sept. 30 of this year, according to a vote taken Thursday by the AICPA Peer Review Board (PRB).
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AICPA Commends Treasury and IRS for Issuing Broad Tax Relief in Light of COVID-19
The American Institute of CPAs (AICPA) President & CEO, Barry Melancon, CPA, CGMA, releases statement applauding Treasury and the Internal Revenue Service (IRS) for its decision to grant tax filing and payment extensions for all tax-related deadlines due between April 1 and July 15.
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AICPA Statement for Consideration of Services as Agents for SBA PPP Loans
AICPA has created a statement with additional considerations to help CPAs as they decide whether to provide services as “agents” under the new SBA PPP loan program.