President Biden signed off on the latest relief for businesses and individuals late last week. You can learn the specifics you need to know for your clients in this PFP Section podcast episode from Bob Keebler, CPA/PFS, including:

The ins and outs of the restaurant revitalization grant program
Expansion of the employee retention credit and EIDL loans
The many tax relief components for individuals and businesses, including tax free unemployment compensation in 2020
Related news on the 4 key reasons the AICPA requested an extension of the tax deadline

Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit http://pfplanning.libsyn.com/ to access show notes with direct links.

The IRS gives a statement on how 2020 tax returns are impacted.
For more in depth coverage of the act, join Bob Keebler this Friday at 1 pm EDT.
Attend this week’s AICPA Town Hall for up to the minute guidance.
Read more in various articles from the Journal of Accountancy.
PFP/PFS members can use the latest Broadridge Advisor alert to communicate with their clients.

This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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Keebler on the American Rescue Plan Act of 2021 {PFP Section}