April 29, 2021

Breaking News:

RISCPA hosts their Annual Meeting virtually - we are pleased to announce 2021-2022 Board of Directors
  • Executive Board
    • Chair : Erica Guatieri, EHG, LLC
    • Vice-Chair: Dan Bonnette, RSM US LLP
    • Treasurer: Edward Yazbak, Yazbak & Co.
    • Secretary: Michele Forcino, Michele Forcino, CPA
  • Board of Directors
    • Brian Barber, Brian Barber & Associates
    • Stuart Benton, The Original Bradford Soap Works
    • Christine Cannata, RI Community Food Bank
    • Marianne Caserta, Carousel Industries (Past Chair)
    • Jason DaPonte, Sansiveri, Kimball & Co., LLP
    • Karen DelPonte, Cameron & Mittleman
    • David Fontaine, Marcum, LLP
    • Boyd Foster, Feeney, Foster & Cavanagh CPAs, LLC
    • Robert Gryta, Technology Advisory Group
    • Timothy Hebert, Trilix, LLC
    • Brendan McCorry, Ernst & Young


RI Industry Coalition: Weekly Legislative Update
State of Rhode Island General Assembly: All Press Releases

The Future of Employment Starts Here

Data Analytics and Dashboards: Leveraging the Power of Microsoft Power BI

A Virtual Webinar Series Hosted by RISCPA/RI Business Forum

In partnership with BacktoWork RI and RI Department of Labor & Training, we are happy to invite you to the exclusive self-guided training on Microsoft Power BI. Whether you're looking to have employees in the financial department increase their knowledge of Excel Tools, or if you're a CPA looking to get yourself ahead of the game - this FREE webinar will make YOU a Power BI Expert on your own time!

This webinar series is done at your own pace over 5 weeks.
The series launches on May 20th, 2021.

More information and registration will be forthcoming
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In partnership with Governor McKee and RI Commerce Corporation, RISCPA and our CPA members are providing unprecedented assistance to Rhode Island's small businesses. Press Release

Business owners will help with preparing financial reports to submit applications for US Small Business Administration's PPP Program and forgiveness provisions as well as Rhode Island grant relief programs. More Information


 District Director Mark S. Hayward Hosts Rhode Island Business Leaders Every Monday at 11:00 AM to Discuss Resources They Provide to Small Businesses. Use this link to access the Teams meeting every Monday with Mark.



SBA Announces Restaurant Revitalization Guidelines and Updates. News Release

Special note from District Director Mark Hayward: SBA is advising all applicants to submit an application regardless of whether they meet the criteria for priority funding as applications after the first 21 days will be funded in the order they are received. RRF Overview

Go Global: Expand Your Market: No matter what your export financing need, the SBA has a program just for you!

  • Loans up to $5 million: Fact Sheet
  • Meet the SBA Export Finance Manger for the New England Region: Joe Raycraft

H.R. 1799 - PPP Extension Act of 2021

SBA Prioritizes Smallest of Small Businesses in the Paycheck Protection Program: Steps to Promote Equitable Relief for Mom-and-Pop Businesses: Release 21-17

Shuttered Venue Operators Grant: Emergency assistance for eligible venues affected by the COVID pandemic. Details Here

For more information and updates, visit: SBA.gov/PPP or Treasury.gov/CARES

The following PPP Forms are now available:

Frequently Asked Questions for Lenders and Borrowers Effective 03/03/2021

PPP First Draw Borrower Application, SBA Form 2483 Effective 03/03/2021

PPP First Draw Borrower Application Form - Schedule C Filers Using Gross Income, SBA Form 2483-CEffective 03/03/2021

PPP Second Draw Borrower Application Form, SBA Form 2483-SDEffective 03/03/2021

PPP Second Draw Borrower Application Form - Schedule C Filers Using Gross Income, SBA Form 2483-SD-CEffective 03/03/2021

Lender Application Form - Paycheck Protection Program Loan Guaranty, SBA Form 2484Effective 03/03/2021

PPP Second Draw Lender Application Form, SBA Form 2484-SDEffective 03/03/2021

Targeted EIDL Advance FAQ

PPP Interim Final Rule: Loan Forgiveness Requirements and Loan Review Procedures

PPP Loan Forgiveness Application- Form 3508 (Effective 1/19/2021)

PPP Loan Forgiveness Application Form 3508EZ (Effective 1/19/21)

PPP Loan Forgiveness Application Form 3508S (Revised 1/19/21)

Borrower’s Disclosure of Certain Controlling Interests (Released 1/19/2021)

PPP-Lender-Application-Form.pdf (treasury.gov)

PPP-Second-Draw-Lender-Application-Form.pdf (treasury.gov)

SBA-Form-3506-PPP--Agreement-for-New-Lenders-Banks-Credit-Unions-FCS.pdf (treasury.gov)


PPP-Borrower-Application-Form.pdf (treasury.gov)

PPP-Second-Draw-Borrower-Application-Form.pdf (treasury.gov)

Top-line-Overview-of-First-Draw-PPP.pdf (treasury.gov)

Top-line-Overview-of-Second-Draw-PPP.pdf (treasury.gov)

Guidance-on-Accessing-Capital-for-Minority-Underserved-Veteran-and-Women-Owned-Business-Concerns .pdf (treasury.gov)

RI Small Business Relief Grant Program will help small businesses affected by COVID-19 with grants of $5,000. Grant funds may be used for wages/salaries to avoid furloughs or layoffs; operational costs or to facilitate the reopening of the Relief Grant
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Vaccine Outreach: Community Partner Activation
Get Vaccinated: Watch the Video
RIPEC Newsletter: April 2021 Edition 
RIPEC:  Q4 2020 CEI Indicates Lengthy Economic Downturn: Briefing
NEW! COVID-19 Workplace Playbook: Stay Healthy. Stay Open. Stop the Spread. Online Guide
CPAs and Their Small Business Clients Thankful for Passage of PPP Extension Act, Says AICPA: Read More

AICPA Benevolent Fund: The AICPA Benevolent Fund was created to support AICPA members with short-term personal financial needs. Program Information and Application
Chartered Global Management Accountant: CGMA is the most widely held management accounting designation in the world with more than 137,000 designees. It was established in 2012 by the AICPA and CIMA to recognize a unique group of management accountants who have reached the highest benchmark of quality and competence. How to Earn the CGMA Designation.
All AICPA Advisory CredentialsTip Sheet 
Employer Student Loan Repayment Assistance Program: Now a tax free benefit through 2025! More Information
IRS Announcements:
  • Employers May Be Able to Claim the Employee Retention Credit with PPP: Instructions
  • Advance Payment of Employer Credits Due to COVID-19: Form 7200
  • COVID-19-Related Tax Credits for Paid Leave Provided by Small and Midsize Businesses, FAQs


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



All Division Advisories are available here: http://www.tax.ri.gov/Advisory/index.php
The Rhode Island Division of Taxation posted an Advisory that contains at-a-glance contact information for taxpayers, tax professionals, and others: ADV 2021-16



COVID-19 Rhode Island Stats (as of 04/29/2021)

  • Total number of cases: 147,897
  • New cases: 264
  • People hospitalized: 150
  • Total Fatalities: 2,669
  • Total number of tests: 4,000,741
  • Positivity rate: 1.4%


  • People who received 1 dose: 543,267
  • People who received 2 doses (fully vaccinated): 375,598
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