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 Barry Melancon, CPA, CGMA, President & CEO, AICPA Lisa Simpson, CPA, CGMA, VP, Firm Services, AICPA Carl Peterson, CPA, CGMA, VP, Small Firms, AICPA Topics: Profession & Legislative Update Technical Updates & New Guidance 2021 CPA Firm Top Issues Practice Strategies Key Insights: CPA.com President & CEO, Erik Asgeirsson, and AICPA President & CEO, Barry Melancon, provided a profession and legislative update, including discussion on the Senate infrastructure bill and 2021 key deadlines and expirations. AICPA’s VP of Taxation, Ed Karl, joined to discuss AICPA’s Top Tax Advocacy priorities, including IRS service levels and penalty relief. Lisa Simpson, AICPA’s VP of Firm Services, gave a rundown of up-to-date PPP forgiveness statistics, plus technical guidance on the SBA forgiveness portal and ERC. Carl Peterson, AICPA’s Small Firm VP, discussed 2021 CPA Firm Top Issues and provided practice strategies.
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