RISCPA/RI BUSINESS FORUM NEWS RELEASE August 26, 2021

RISCPA/RI BUSINESS FORUM NEWS RELEASE August 26, 2021

 
 
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CALL TO ACTION: Please join Rep. Jack Bergman, representing Michigan's First District, and NCCPAP (National Conference of CPA Practitioners) in opposition of IRS Notice 2021-49.

Do your part by reaching out to your congressional representatives requesting Congressional action to allow for the wages of a business owner to qualify for ERC (Employee Retention Credit).

Representative Bergman's letter demanding immediate action to change this misguided rule. 

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irs
 NEW! Important additional guidance for employers claiming the employee retention credit: Notice 2021-49

NEW! IRS provides relief for certain employers claiming the Work Opportunity Tax Credit: Notice 2021-43
 
IRS reminds heavy vehicle owners of August 31 highway use tax return deadline:
 
IRS News Releases for Current Month: Click Here

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RIDT
NEW! Interest rates remain the same for the fourth quarter 2021: IR-2021-173, August 25, 2021

NEW! Rhode Island tax obligations for LLCs: What you need to know, in summary: Notice 2021-07, August 24, 2021

NEW! Entity filing requirements for C corporation, S corporation, LLC, Partnership, etc: Notice 2021-08, August 24, 2021
 
NEW! Rhode Island Division of Taxation Annual report on tax credits, incentives: Posted August 19, 2021 - access the full report
 
Rhode Island tax Newsletter: July / August / September 
 
Rhode Island Tax Advisories: Click Here
 
Miscellaneous Tax Notices - Click Here 
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 risq
This Week from RI's Capitol Hill
  • FDA Grants Full Approval to Pfizer COVID-19 Vaccine in People 16+. Governor Dan McKee and the RI Dept of Health are urging all eligible Rhodes Islander who have not been vaccinated yet to get vaccinated today. Press Release
  • Governor McKee Announces Indoor K-12 Msk Requirement for Beginning of 2021-2022 School Year. Press Release
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FLYER
Please join RISCPA's BV Committee for this Interactive Discussion with Guest Speaker, RI Family Court Chief Judge Michael B. Forte, Jr., JD/MBA, CFE 
 
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CPAE
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ripec
 
NEW! RIPEC seeks nominations for the 45 Annual Public Service Awards:
• The Robert M. Goodrich Distinguished Public Service Award will recognize an outstanding local employee
• The Gary S. Sasse Distinguished Public Service Award will recognize an outstanding state employee.
 
RIPEC Newsletter: August 2021 Edition
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ri

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

COVID-19 Workplace Playbook: Stay Healthy. Stay Open. Stop the Spread. Online Guide
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aicpa
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 
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risla
Employer Student Loan Repayment Assistance Program: Now a tax free benefit through 2025! More Information
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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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COVID-19 Rhode Island Stats (as of 08/26/2021)

  • Total number of cases: 161,303
  • New cases: 316
  • People hospitalized: 123
  • Total Fatalities: 2,762
  • Total number of tests: 4,816,001
  • Positivity rate: 2.4%

NEW! VACCINE ADMINISTRATION:

  • People who received 1 dose: 745,713
  • People who received 2 doses (fully vaccinated): 680,559
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