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  • IRS Extends Filing Deadline

    The Treasury Department and Internal Revenue Service announced on March 17 that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021 to May 17, 2021. The IRS will be providing formal guidance in the coming days. Firms should assist individual taxpayers in understanding that in addition to the filing deadline being postponed individuals can also postpone federal income tax payments for the 2020 tax year due on April 15 to May 17, without penalties and interest, regardless of the amount owed. This postponement applies to individual taxpayers, including individuals who pay self-employment tax. This relief does not apply to estimated tax payments that are due on April 15.  The federal tax filing deadline postponement to May 17, only applies to individual federal income returns and tax (including tax on self-employment income) payments otherwise due April 15.  Earlier this year, the IRS announced relief for victims of the February winter storms in Texas, Oklahoma and Louisiana. These states have until June 15 to file various individual and business tax returns and make tax payments. This extension to May 17 does not affect the June deadline.

  • CPAFMA 2021 National Practice Management Conference Now July 27-29

    Are you as excited for CPAFMA's 2021 National Practice Management Conference as we are?  This year we are partnering with AICPA's ENGAGE, the biggest accounting event of the year and it will be here before you know it, July 27-29, and the updated agenda is now available. 


  • There are 6 NEW MAPCast opportunities to increase your knowledge.  The 2021 Technology Series presented by Roman Kepczyk, CPA.CITP, CGMA, PAFM, Director of Firm Technology Strategy, Right Networks  available individually, or you can save by registering ...

  • Are you willing to step forward as a leader in the profession and join the CPAFMA National Board of Directors? Do you know a CPAFMA peer who would be perfect for this important role? The CPAFMA Board of Directors is seeking qualified candidates to be ...

  • There has been some confusion surrounding the activation requirements of the .cpa domain since the AICPA launched the program on September 1. The following was recently outlined as the Basic Activation Requirements effective November 1, 2020. Basic ...

  • From the August 2020 Confab on Diversity, Inclusion & Equity, several members noted the usefulness of the PCPS Diversity & Inclusion Toolkit.  CPAFMA is proud to be an alliance partner with PCPS and share the following table of contents of their ...

  • Our dear CPAFMA friends – what a year this has been!  My time on the CPAFMA board has been so magnificent and although I have another year as Immediate Past Chair, I feel compelled to list some accomplishments we’ve made over the past seven years! I ...