April 28, 2021
Younger Americans Hurt Most by Financial Stress During Covid
Financial stress is much higher for renters (72 percent at least somewhat stressed) than it is for homeowners (52 percent).
April 27, 2021
AICPA, AAA and NASBA Launch New CPA Accounting Curriculum
The curriculum is tied to the CPA Evolution initiative, which the AICPA Governing Council and NASBA Board of Directors voted in 2020 to advance and culminates with a new Uniform CPA Exam in 2024.
April 24, 2021
AICPA Names Four New Accounting Doctoral Scholars
The American Institute of CPAs (AICPA) has named four new Accounting Doctoral Scholars (ADS), which identifies currently practicing CPAs interested in becoming accounting professors to assure future accountants have necessary and up-to-date skills.
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April 22, 2021
AICPA & CIMA Engage 2021 Conference to be Held July 26-29 at Aria Resort in Vegas
The conference will have four main keynotes. The two June 8 ones, moderated by CBS News business analyst Jill Schlesinger, are: A conversation with Sir Richard Branso; and Adam Steltzner, chief engineer for NASA’s Mars Perseverance rover.
March 28, 2021
How Covid Changed the Accounting Profession for Good
As we reach the one year anniversary of stay-at-home mandates across the nation, it’s important to reflect on how COVID-19 has changed the accounting and tax industry as we knew it. For the past year, many of us have been waiting to return to “normal,” ..
March 28, 2021
AICPA Thanks Congress for PPP Extension
The additional 60 days provided by the PPP Extension Act will greatly help small businesses, non-profits and the CPAs that serve them complete existing and file new PPP loan applications. AICPA believes that this extension gives the SBA time to update ..
March 28, 2021
21% of Business Execs Plan to Reduce Office Space Post-Covid
21 percent of business executives said their companies expected some downward revision in office space in the coming year, compared to 18 percent in the third quarter last year. The lack of action by others reflects to a large degree the ...
March 18, 2021
Many Taxpayers Won’t Benefit From Delayed Tax Season
Failure to include estimated payments nullifies any benefit of a postponement since the tax return work has to be done to calculate estimated payments. More than 9.5 million individual returns filed in for the 2018 tax year included estimated payments.
March 16, 2021
AICPA Again Urges IRS to Delay Tax Filing Season
“Even the IRS – faced with a significant mail processing backlog, a delayed start of the 2021 tax season, inundated phone lines, and a new round of COVID-19 relief payments – is overwhelmed. Denying a postponement of this filing and payment deadline ...
March 16, 2021
AICPA Offers Appreciation to PPP Extention Act Co-Sponsors
The many thousands of CPAs advising small businesses and non-profits have a front-line view of how a PPP loan has allowed their clients to remain in business. CPAs also experience clients’ challenges with the application and forgiveness process.
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 10, 2021
AICPA Accepting Applications for Minority Student Leadership Workshop
The American Institute of CPAs (AICPA) encourages qualified students to apply for the 2021 Accounting Scholars Leadership Workshop (ASLW) being held October 13-15 in New Orleans.