AICPA Town Hall Series – February 26, 2021 Special Edition

The AICPA Town Hall Series provides the latest news and updates on pressing issues facing the accounting profession. Presenters: Erik Asgeirsson, President & CEO of CPA.com Lisa Simpson, CPA, Vice President of Firm Services at the AICPA Topics: Review of recent White House changes to the PPP SBA & Lender Processing Update IRS Tax Filing Deadline Update PPP Resources to Guide Firms Key Insights: Erik Asgeirsson, President & CEO of CPA.com, and Lisa Simpson, the AICPA's vice president of firm services, reviewed recent White House changes to the PPP, including information on a key change in calculating loan amount for self-employed Form 1040 Schedule C filers, a designated window for the smallest borrowers to apply and expanded eligibility requirements. They also provided an update on the AICPA's advocacy efforts surrounding the IRS tax filing deadline.