AICPA Town Hall

Last week’s AICPA Town Hall was broadcast live from the AICPA ENGAGE conference. CBS Analyst and host of Jill on Money, Jill Schlesinger, joined CPA.com CEO Erik Asgeirsson and AICPA CEO Barry Melancon to provide the latest news from DC and discuss the economic outlook for the remainder of 2022.

AICPA VP of Firm Services, Lisa Simpson presented the 2022 PCPS Top Firm Issues survey results. New AICPA Chair, Anoop Mehta, joined the panel to discuss the future of finance in business & industry.

Topics

• Latest IRS developments and service levels
• DC and profession update
• Technical developments

Speakers

• Barry Melancon, President and CEO, AICPA
• Erik Asgeirsson, President and CEO, CPA.com
• Kari Hipsak, Sr, Manager, Firm Services, AICPA
• Jan Lewis, Chair of the AICPA Executive Tax Committee
• Erin Collins, National Taxpayer Advocate, IRS

Topics: • DC and profession update • Technical developments • Chat GPT and the accounting profession • Firm top issues and strategies for advisory services

Speakers: • Erik Asgeirsson, President and CEO, CPA.com • Lisa Simpson, VP-Firm Services, AICPA • Rachel Dresen, Director of Congressional and Political Affairs, AICPA • Jason Staats, CPA, Founder of Realize • Mark Koziel, President and CEO, Allinial Global

Topics

• DC and profession update
• Technical developments
• Small firm update
• Secure Act 2.0 analysis including upcoming deadlines for 401(k) plans employer contributions

Speakers

• Barry Melancon, President and CEO, AICPA
• Erik Asgeirsson, President and CEO, CPA.com
• Lisa Simpson, VP, Firm Services, AICPA
• Carl Peterson, VP, Small Firm Interests, AICPA
• Zachary Keep, Manager-Compliance Risk, Paychex,

Topics include:

• DC and profession update
• BOI discussion with FinCEN
• Key technical updates

Speakers:

• Erik Asgeirsson, President and CEO, CPA.com
• Mark Peterson, EVP, Advocacy, AICPA
• Melanie Lauridsen, VP, Tax Policy and Advocacy, AICPA
• Phil Lam, Beneficial Ownership and Innovation Chief, FinCEN

On this episode of the AICPA Town Hall, we dive into the significant outcomes of the 2024 U.S. federal elections and their implications for the finance and accounting profession, future tax policy, and regulatory changes. Mark Peterson leads an in-depth discussion on the anticipated shifts in Washington, exploring how new leadership could impact tax legislation, the IRS, and regulatory bodies. We’re joined by Phil Lam from FinCEN, who provides critical insights on Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act, including what CPAs and firms need to know as the January 1st compliance deadline approaches. The episode also covers essential updates across the profession.