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Paycheck Protection Program application now available

The Department of Treasury has released the  Paycheck Protection Program application  and supplemental information . The lender guide lists accountants as approved agents of loan applicants.  AICPA and GWSCPA strongly recommend that members...

Update on DC Board of Accountancy and 2020 CPE Reporting Deadline

The District of Columbia Board of Accountancy will consider extension of the CPE reporting period, as well as removing restrictions on the amount of CPE which may be taken as online vs live, when they meet in May. For now, the Board reminds CPAs...

DC Orders Closure of Non-Essential Businesses

DC orders closure of non-essential businesses   Mayor Bowser has announced that as of 10 PM today Wednesday, March 25, all non-essential businesses in the District of Columbia are to close. This affects all businesses with a facility in...

IRS Posts FAQs

A few minutes ago, the IRS posted an FAQ document, which addresses a number of your questions not yet clarified by the extension announcement. These include issues around 990s,  benefit plans, estate/gift taxes, payments and more.  There will...

Updates on State Tax Filings

Links to our three jurisdictions and their filing and payment extensions announced so far are below.  DC has announced a new filing and payments deadline- July 15, 2020 MD new tax filing deadlines  VA tax filing extensions  For other states,...

Federal Tax FILING Deadline Extended by 90 Days

Treasury and IRS have extended the April 15, 2020 filing deadline by 90 days to July 15, 2020, as announced by a tweet from Treasury Secretary Mnuchin today.  Details are not yet available from IRS website.

Updated OMB Memo

The OMB has issued a memorandum, M-20-17, Administrative Relief for Recipients and Applicants of Federal Financial Assistance Directly Impacted by the Novel Coronavirus (COVID-19) due to Loss of Operations. This memorandum is an update and...

CPA Exam Extensions - NASBA Recommendations

DC Board of Accountancy just confirmed it will abide by NASBA’s recommendation regarding extensions. Specifically:  1. NTS Extensions -  All candidates with NTS expirations between April 1 – June 30, 2020 should be extended until...

GWSCPA Launches 2020 Scholarship Program

Financial support and resources at critical moments can change the trajectory of a student’s professional life forever. That is the kind of impact that the GWSCPA Scholarship program has been making in the lives of students for more than 50...

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