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
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
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
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Due to the COVID-19 pandemic, new legislation was enacted to aid not only struggling business owners, but also individuals. Employers have direct access to people who may be eligible for advance Child Tax Credit payments. The IRS is asking employers to help spread the word about these payments during National Small Business Week.
Every year the IRS mails letters or notices to taxpayers for many different reasons. Typically, it's about a specific issue with a taxpayer's federal tax return or tax account. A notice may tell them about changes to their account or ask for more information. It could also tell them they need to make a payment. This year, people might have also received correspondence about Economic Impact Payments or an advance child tax credit outreach letter.
The advance child tax credit allows qualifying families to receive early payments of the tax credit many people may claim on their 2021 tax return during the 2022 tax filing season. The IRS will disburse these advance payments monthly through December 2021. Here some details to help people better understand these payments.
Treasury, IRS provide gross receipts safe harbor for employers claiming the Employee Retention CreditThe Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) today issued a safe harbor allowing employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit (ERC).