RISCPA/RI Business Forum News Release October 21, 2021

CPA Participants Needed!!

RISCPA, in partnership with RI Department of Business Regulation announces first in the US Digital Credential for Accountants

Attention CPA’s who have a Real ID driver’s license and want to get 1 CPE Credit!!!

The State of Rhode Island is piloting a first in the country project to create a digital identity to issue you your accountant credential.

The Department of Business Regulation seeks 25 current accountants or newly licensed CPAs who currently have a Real ID Driver’s License who would be willing to be testers in a new system that verifies your identity via your Real ID and then generates your accounting credential in mobile format using blockchain distributed ledger technology. READ MORE

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About Greg Tumolo

About Pam Thornton

Click HERE to register for this FREE seminar!

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McKee Administration Receives $1M Planning Grant from U.S. Commerce Department's Economic Development Administration

PROVIDENCE, RI – Today, the U.S. Department of Commerce’s Economic Development Administration awarded a $1 million statewide planning grant to the McKee Administration. The planning grant is part of the Biden Administration’s $3 billion American Rescue Plan funding to support the President’s Build Back Better Agenda. These are the first EDA American Rescue Plan grants announced. News Release

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rif

Rhode Island Foundation releases recommendations for spending $1.1 billion in American Rescue Plan Act funding

The Rhode Island Foundation is recommending that state officials invest the $1.1 billion in broad stimulus funding the state is receiving from the federal American Rescue Plan Act in in six key areas: housing, behavioral health, workforce development, small business, neighborhood trusts and immediate Media Release

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RIYAN 9th Annual Accounting Olympics

All Proceeds will benefit Sojourner House in Providence, RI.

Teams may have up to 10 people. Firms can submit multiple teams if there are more than 10 participants.

Click for More Information

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CPA Evolution Resource Competition
What’s your idea for teaching the next generation of CPAs? The AICPA is calling on accounting faculty to enter its CPA Evolution Resource Competition (CERC) for a chance to win up to $1,500 and inspire future CPAs. Do you have a great original idea for a long or short instructional exercise aligned with CPA Evolution Model Curriculum (CPA EMC)? If so, it’s time to SHARE YOUR INNOVATION

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irs

NEW! IRS reminds tax professionals that it's time to renew PTINs: IR-2021-207
NEW! IRS reminds employers to e-file payroll tax returns timely: IR-2021-206

IRS News Releases for Current Month: Click Here

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NEW! The RI Division of Taxation provides guidance on the Rhode Island tax treatment of Paycheck Protection Program (PPP) loan forgiveness. According to ADV 2021-39, the Division has developed a form for reporting the amount by which PPP loan forgiveness for 2020 exceeds $250,000.

2021 Child Tax Credit and Advance Child Tax Credit Payments: Resources and Guidance

RI Division of Taxation Newsletter: October / November / December

All Notices, Click Here

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Capitol Hill

McKee-Matos Administration Releases Working Draft and Preliminary Recommendations for Propelling Rhode Island into the Next Decade with Strength: RI 2030: Press Release