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.