RISCPA/RI Business Forum News Release October 21, 2021

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




About Greg Tumolo

About Pam Thornton

Click HERE to register for this FREE seminar!



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



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


riyan oly

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




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



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
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
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
3-Part Webinar Series
Part 1: Basic Fiduciary Responsibilities
  • Tuesday, November 9 | 12:00 PM – 1:00 PM
Part 2: Reporting & Disclosure Requirements
  • Tuesday, November 16 | 12:00 PM – 1:00 PM
Part 3: Correction Programs, and Terminating Abandoned Plans
  • Tuesday, November 23 | 12:00 PM – 1:30 PM
RIPEC Newsletter: October 2021 Edition


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


COVID-19 Workplace Playbook: Stay Healthy. Stay Open. Stop the Spread. Online Guide

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


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



COVID-19 Rhode Island Stats (as of 10/21/2021)

  • Total number of cases: 177,804
  • New cases: 232
  • People hospitalized: 108
  • Total Fatalities: 2,871
  • Total number of tests: 5,590,870
  • Positivity rate: 1.5%


  • People who received 1 dose: 795,431
  • People who received 2 doses (fully vaccinated): 732,244
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