We are closely monitoring the coronavirus (COVID-19) pandemic in Alabama, because the health and safety of our members, staff, and partners are of the utmost importance. Click a button below to easily navigate this page:
- Continuing Professional Education from the ASCPA
Access 100s of webinars and self-study courses online. Plus, get the latest updates on our annual events. Go there now >
- Peer Review Program
The Peer Review Program is an educational and remedial program designed to help you improve the quality of your practice. The Alabama Society of CPAs administers the AICPA Peer Review Program in Alabama according to AICPA standards. Go there now >
- Have Some Fun with ASCPA Zoom Backgrounds
Freshen up your Work From Home space with a change of virtual scenery! Our team put together these useful instructions and lively virtual backgrounds to choose from. Go there now >
Regulatory Resource PagesAlabama Department of Revenue Coronavirus Updates
The Alabama Department of Revenue (ADOR) is committed to supporting the state’s taxpayers as we all navigate our way through the COVID-19 pandemic. While economic and other uncertainties weigh on our nation and state, ADOR knows that taxpayers are doing all they can to comply with state and federal tax requirements. Learn more >
AICPA Coronavirus Resources
- COVID-19 Resource Center - Quick Reference Guide
The AICPA has compiled a quick reference sheet to find COVID-19 resources focused on A&A, Forensic & Valuation Services, Management Accounting, Personal Financial Planning, Small Firms, tax, and technology, Go there now >
- Resource Center
Updates on the coronavirus and impact for the Association of International CPAs activities. Read more >
- AICPA Member Insurance Programs - COVID-19 Insights & Resources
The AICPA Member Insurance Programs team is here to assist you with coverage questions, payment arrangements, risk guidance and dynamic updates. Learn more >
- State CPA Profession & Licensure Status
State of Emergency in each state and Stay-at-Home orders have downstream consequences impacting licensure and how Boards of Accountancy operate. Learn more >
- PEEC: AICPA Ethically Speaking Podcast
Ethics leaders at the AICPA untangle some of the complications of the PPP in their podcast episode, PPP Ethics Agent--How to untangle it all >
- Tax Resources
The AICPA Tax Section developed resources to help you get through this critically important time. Go there now >
- The Alabama Department of Labor aims to effectively use tax dollars to provide state and federal mandated workforce protection programs to promote a positive economic environment for Alabama employers and workers. Go there now >
- Find them here > The U.S. Department of Labor has resources to help workers and employers prepare for the COVID-19 virus.
- Coronavirus Relief for Retirement Plans & IRAs Questions & Answers
Section 2202 of the CARES Act provides special distribution options and rollover rules for retirement plans & IRAs and expands permissible loans from certain retirement plans. Learn more >
- Coronavirus Tax Relief
The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus. This page will be updated as new information is available. Go there now >
- COVID-19 Resources
During this challenging period, the Governmental Accounting Standards Board (GASB) is working hard to provide stakeholders with accounting and financial reporting relief.
- News & Recent Pronouncements
Governor of Alabama Newsroom
Governor Kay Ivey's team shares and archives timely information for the people of Alabama in this digital newsroom. It includes press release archives, executive orders, and other statements from the Governor. Go there now >
Tax Relief Offered by States and Localities in Response to COVID-19
Tax relief provided by state and local tax and revenue departments in response to the novel coronavirus (COVID-19). Learn more >
Treasury Inspector General for Tax Administration
The Treasury Inspector General for Tax Administration (TIGTA) was established to provide independent oversight of IRS activities. Find regulatory guidance and resources dedicated to the prevention and detection of fraud, waste, and abuse within the IRS and related entities. Learn more >
Community & Small Business Resources
Free SBA Paycheck Protection Program Resources for CPAs
These free updated tools from the AICPA's PCPS team help CPAs support small businesses (and CPA firms, t00) as you work to secure funding through the Small Business Administration (SBA). Access them here >
Preparing to Apply for a Small Business Economic Injury Loan
The Federal Emergency Declaration last week activated the SBA’s Economic Injury Disaster Loan program (EIDL). These loans will provide working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Learn more about applying >
NFIB Small Business Resources in Response to COVID-19
The National Federation of Independent Business (NFIB) created an up-to-date resource center for small business owners from the NFIB and outside organizations. Go there now >
Get updates on the latest COVID-19 Relief measures, tax updates, and A&A essentials from CPE leaders you know and love. Browse the 2021 CPE catalog here >
TAX Legislation Update
Understanding the Latest Alabama Tax Legislation & Proposals: Tax & Financial Impacts for 2020 & 2021
Karen Miller & Bruce Ely will highlighted the key aspects of significant tax legislation enacted during the first two weeks of the Alabama Legislative session and important considerations for both the 2020 Alabama individual and business income tax returns and 2021 tax planning during this free and exclusive ASCPA event. Rewatching this recording does not earn CPE credit.
CPE for Small Firms
Carl Peterson, VP of Small Firms at the AICPA, offered a free two-hour webinar exclusive to small firms on Thursday, February 25, to discuss how small firms can best serve their clients regarding the provisions of the CAREs Act, including PPP and the Employee Retention Credit. This course is designed specifically for small firm owners and their staff, and seating is limited. Rewatching this recording does not earn CPE credit.
PPP2 webinar Recording
PPP2 for Non Profits with Lisa McKinney & Chad Singletary
Paycheck Protection Program (PPP) loans are NOW available to qualifying nonprofit associations and other 501(c)(6) organizations. Join Lisa McKinney and Chad Singletary as they provide guidance on how your organization can benefit. Rewatch or view their self-study course to learn more. Rewatching this recording does not earn CPE credit.
PPP2 webinar Recording
COVID Stimulus 2 with Kurt Oestricher
Late January 6, 2021, the Small Business Administration (SBA) issued the following guidance on the PPP. In this previously recorded webinar from Kurt Oestricher, he covers Interim Final Rules as amended by the Economic Aid Act, Interim Final Rules on the PPP Second Draw Loans, and an update on the Letter from the Administrator for Accessing Capital for Minority, Underserved, Veteran, and Women Owned Business Concerns. Rewatching this recording does not earn CPE credit.
ZOOM - Webinar Recording
Leading Your Remote Team
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The AICPA discusses what we know about the content and timing of possible tax changes in President Biden’s Build Back Better plan and the three ways they could advance in Congress.
In Rev. Proc. 2021-24, the IRS clarified how individuals who are not otherwise required to file 2020 federal income tax returns can claim advance child tax credit (CTC) payments as well as stimulus payments (i.e., third-round economic impact payments, 2020 recovery rebate credit payments, and additional 2020 recovery rebate credit payments).
The filing and payment deadline for most 2020 federal tax returns is here. Taxpayers should file or request an extension of time to file and pay any taxes they owe by the May 17 deadline to avoid penalties and interest.
IRS, Treasury announce families of 88 percent of children in the U.S. to automatically receive monthly payment of refundable Child Tax CreditThe Internal Revenue Service and the U.S. Department of the Treasury announced today that the first monthly payment of the expanded and newly-advanceable Child Tax Credit (CTC) from the American Rescue Plan will be made on July 15. Roughly 39 million households — covering 88% of children in the United States — are slated to begin receiving monthly payments without any further action required.
With taxpayers continuing to face challenges related to the COVID-19 pandemic and the IRS facing a backlog of 29 million tax returns that need manual processing, the AICPA on Monday urged the IRS to implement “fair, reasonable, and practical” penalty relief measures to mitigate the pandemic’s effects and minimize required contacts with the IRS.