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
• Barry Melancon, CPA, CGMA, President & CEO, AICPA
• Stephanie O'Rourk, CPA, Partner, CohnReznick
• Lisa Simpson, CPA, CGMA, Vice President, Firm Services, AICPA

Topics:

• Opening Comments & Broad 2021 Outlook
• Legislative Update & Tax Season Discussion
• PPP Final Stretch Update
• Business Relief Program Update (PPP, RRF, SVOG)

Key Insights:

• AICPA President and CEO Barry Melancon gave an overview of the economic outlook for the second half of the year, and discussed activities firms will be most focused on in the coming weeks.
• Erik Asgeirsson, president and CEO of CPA.com, walked participants through the final stretch of the Paycheck Protection Program and talked about how lenders are dealing with the approaching May 31 loan application deadline.
• Lisa Simpson, the AICPA's vice president of firms services, gave an update on PPP developments and also answered common questions about business relief programs.
• Stephanie O'Rourk, a partner with CohnReznick, talked about the mechanics of the $28.6 billion Restaurant Revitalization.