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Senate Passes PPP Deadline Extension

(JofA) - The PPP Extension Act of 2021 shifts the PPP application deadline from March 31 to May 31 and provides an additional 30 days for processing applications received by May.


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The Value of Contingency Planning During Times of Crisis 
(Ohio CPA Voice) - Lindell said the starting point is to look at how closing temporarily or limiting operations could impact the business, enterprise value, stakeholders and employees.

Pepsi and PEEPS Launch Limited-Edition Marshmallow Cola 
(HYPEBeast) - Combining Pepsi’s refreshing cola flavor with the iconic pillowy-soft and sweet PEEPS Marshmallow flavor, this new promotional product will arrive in mini 7.5-ounce cans in the colors yellow, pink, and light blue.

More Accounting Firms Embrace Office Space Reduction: AICPA Survey 
(Accounting Today) - The 2021 Q1 AICPA Economic Outlook Survey found that while the vast majority of accounting businesses plan no reduction in their office space over the next year, a growing number said they would reduce their space by at least 10 percent as a result of the pandemic.

IRS Backlog: 2.4 Million 2019 Tax Returns Still In Pipeline 
(Forbes) - What does that mean for taxpayers? Expect to wait in line. How long might you have to wait if your 2019 return is outstanding? In some case, the IRS says it’s still processing tax returns from July 15, 2020—the extended deadline for 2019 returns.

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