AICPA Town Hall Series - January 14, 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 Kristin Esposito, CPA, MST, Dir, Tax Policy & Advocacy, AICPA Kari Hipsak, CPA, CGMA, Sr. Manager, AICPA Lisa Simpson, Director, Firm Services, AICPA Topics: Update from Washington DC Latest PPP Updates & Recommendations CPA Loan Portal Demo ERC Enhancements and PPP Key Insights: Erik Asgeirsson, president and CEO of CPA.com, and Lisa Simpson, the AICPA’s vice president of firm services, provide the latest developments on the Paycheck Protection Program (PPP) leading up to the Jan. 19 opening of the application process to all participating lenders. AICPA senior manager Kari Hipsak discusses elements of the CPA Business Funding Portal, a user-friendly tool for handling PPP loan and forgiveness applications. Fintech Biz2Credit, which built the tool with CPA.com, is approved by the SBA to make PPP loans directly to borrowers. Kristin Esposito, the AICPA’s director of tax policy and advocacy, talks about enhancements to the Employee Retention Credit and how firms can advise clients about the interplay between the credit and PPP.