RISCPA/RI BUSINESS FORUM BREAKING NEWS January 8, 2021

RISCPA/RI BUSINESS FORUM NEWS RELEASE

JANUARY 8, 2021

Breaking News: 

  • President Joe Biden announced Thursday he will name Governor Gina Raimondo to serve as Secretary of Commerce 
  • Lt. Governor Dan McKee will become Acting Governor and serve Raimondo's final two years; the Lt. Governor to name  choose successor.
  • Biden announced Boston Mayor Marty Walsh, also in his second term, will serve as Labor Secretary 
  • Isabel Guzman named Administrator, US Small Business Administration

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sba

SBA Announces Updates to PPP and EIDL: News Release Number 21-02

PPP2 Second Draw Guidelines: Who is Eligible for a Second Draw PPP Loan

EIDL Advance Changes in recent Economic Aid Act:

  • Repealed the CARES Act Provision Requiring SBA to deduct EIDL Advance amounts
  • EIDL Advance Amount received by the borrower will not reduce the amount of forgiveness to which the borrower is entitled and will not be deducted from the forgiveness payment amount that SBA remits to the lender.
  • Any EIDL Advance Amounts previously deducted from a borrower’s forgiveness amount will be remitted to the lender, together with interest to the remittance date.
  • For more information and updates, visit SBA.gov/PPP or Treasury.gov/CARES

Reminder from US Small Business Administration District Director Mark Hayward on PPP 2 program:

  • THE PORTAL IS NOT YET OPEN 
  • THE LOCAL TEAM HAS NOT BEEN NOTIFIED WHEN THE APPLICATION WILL BE READY
  • THE APPLICATION IS NOT AVAILABLE; YOU ARE UNABLE TO APPLY AT THIS TIME
  • THERE HAS BEEN NO UPDATES OR ANNOUNCEMENTS ON RULES AS OF THIS WEEK 
  • THE RHODE ISLAND DISTRICT OFFICE DOES NOT HAVE ANY ADDITIONAL INFORMATION
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daad
 
Earn up to 20 CPE - for FREE!!
 
RISCPA/RI Business Forum invite you to participate in a special 3-day training: Data Analytics and Dashboards: Leveraging the Power of Microsoft Power BI
 
January 19, 8.30am - 12.00pm: Excel - Must Know Features
January 20 & 21, 8.30am - 4.00pm: Data Analytics and Dashboards: Leverage the Power of Microsoft Power BI

More Information and FREE Registration

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sch
 
 
RISCPA's 2021 College Scholarship Application period is Now Open!
Help your family and friends jump start their accounting career today! 
College students majoring in accounting can apply for the following scholarships:
  • The Carl W. Christiansen Scholarship
  • The Cheryl A. Ruggiero Scholarship
  • The KLR/Brian A. Altomari Memorial Fund Scholarship.

Read More

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irs
 
IRS Announces: Treasury issues millions of second Economic Impact Payments by debit card: IR 2021-06
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SBDC

Rhode Island Small Business Development Center is hosting a series of free events to help small businesses with their business and marketing needs. For more information, please CLICK HERE

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RIDT

All Division Advisories are available here: http://www.tax.ri.gov/Advisory/index.php

Rhode Island Division of Taxation Issues Guidance on Elective entity-level tax on pass-through entities. Notice 2020-75
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COVID-19 Rhode Island Stats (as of 01/08/2021)

  • Total number of cases: 97,614
  • New cases: 924
  • People hospitalized: 390
  • Total Number of Deaths: 1,916
  • Total number of tests: 2,115,967
  • Positivity rate: 6.0%

NEW! VACCINE ADMINISTRATION:

  • People who received 1 dose: 29,743
  • People who received 2 doses: 1,798

 

 

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