March 17, 2021
AICPA News – March 2021
AICPA News is a round-up of recent announcements from the American Institute of CPAs.
March 17, 2021
IRS Has Already Sent Out 90 Million Stimulus Payments
Additional batches and payments will be sent in the coming weeks by direct deposit and through the mail as a check or debit card. The vast majority of all Economic Impact Payments will be issued by direct deposit. No action is needed by ...
March 16, 2021
Virginia Gives Sales Tax Exemption to Facemasks, PPE to Help Fight Covid
Virginia has adopted a temporary sales tax exemption for personal protective equipment. Lawmakers hope it will encourage Virginia businesses to adhere to the measures necessary to control, prevent, and mitigate spread of the coronavirus.
March 12, 2021
Business Tax Effects of New Covid Stimulus Law, American Rescue Plan Act
In addition to the $1,400 stimulus payments to many Americans, the American Rescue Plan Act provides many other relief measures, and also some new business tax measures, that should be noted.
March 11, 2021
Mortgage Rates Continue to Rise
The average for a 30-year, fixed loan was 3.05%, up from 3.02% last week and the highest since July 2, Freddie Mac data showed Thursday. Rates have surged this year from a record low 2.65% in January.
March 11, 2021
New Unemployment Claims Drop to November Levels
Applications for U.S. jobless benefits fell by more than forecast last week to the lowest since early November as Covid-19 vaccinations accelerated and states eased more business restrictions.
March 11, 2021
AICPA Leader Tells Congress of Urgent Need for a 60-day Delay in PPP Application Deadline
Simpson also called upon Congress to extend the PPP application deadline by at least 60 days after March 31, 2021, citing urgent challenges facing small business and their CPA advisors, ...
March 11, 2021
Covid-19’s Effect on Manufacturers
“The survey reveals the diverse ways that small and medium manufacturers have adapted to the pandemic—and what they expect in the coming months. It captures manufacturers, in their own words, describing the future of everything from virtual work and ...
March 11, 2021
Vertex and BigCommerce Partner for Streamlined Sales Tax Compliance
The partnership further expands the network of Vertex integrations connecting tax to ERP, procurement, billing and e-commerce systems, enabling retailers to seamlessly calculate tax for every transaction.
March 11, 2021
MSTS Rebrands as TreviPay
The transition to TreviPay builds on MSTS’s legacy of helping clients grow by streamlining B2B payments through a combination of innovative technology, service expertise, and working capital to improve their customer’s experience and free up funding ...
March 11, 2021
DFIN and FloQast Announce Partnership to Transform Financial Reporting
Through the partnership, companies utilizing both FloQast and DFIN’s new ActiveDisclosure will be able to streamline the record-to-report process. Working together, this integrated approach will save time and mitigate risk by improving accuracy and ...
March 10, 2021
Biden Signs Stimulus Bill into Law
In this version, the maximum payment is $1,400 per qualified individual or $2,800 for a couple. Previous payment amounts were for $1,200 and $600 per qualified individual respectively. In addition, payments are now available for all dependents, ...