BUSINESS TAX UPDATE 2020

4.6 (1151)

Jason Dinesen, EA, LPA

Dinesen Tax & Accounting, P.C.

  • CPA
  • EA
  • CTEC
  • TAX PROS
  • AFSP

Before starting this self study program, please go through the instructional document.

Overview

  • Final Regulations on Meals and Entertainment3 mins
  • Exception to the 50% Rule10 mins
  • Rubio Collins PPP Bill22 mins
  • PPP Other things to be Aware Of30 mins
  • Partnership Form 1065 changes43 mins

Course Description

Tax laws are constantly changing. Tax and financial professionals need to stay current to understand the impact of these changes and to minimize taxes. The Tax Cuts and Jobs Act changed the way tax is calculated for most taxpayers, including those with substantial income not subject to withholding, such as small and mid-size business owners. Among other reforms, the new law revised business expense deductions, increased the standard deduction, removed personal exemptions, increased the child tax credit and limited or discontinued certain deductions. This webinar would focus on business tax updates related to the CARES Act, including: 

  • Treatment of net operating losses
  • Changes to certain depreciation rules
  • Update of pending tax legislation and other developments
  • Payroll Updates
  • Qualified Business Income(199A)
  • Payroll Updates
  • Paycheck Protection Program

This practical webinar provides a comprehensive update and an instant working knowledge of all key tax provisions. This course will get you up to speed on the latest developments related to individual, partnership, S corp, and C corp returns for 2020.

Learning Objectives

  • To identify New COVID-19 tax provisions: the Paycheck Protection Program, Employee Retention Credit, and mandatory sick leave under the FFCRA
  • To recall the other updates for 2019 business tax returns
  • To recognize Payroll updates
  • To identify Qualified business income (Section 199A) deduction and updates
  • To recognize the differences between Employee vs. contractor: an audit hotspot.

Who Should Attend?

  • Tax Attorney
  • Tax Practitioners
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • Tax Pros
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Accounts Director
  • Tax Managers
  • Accounting Managers
  • Tax Preparer
  • Staff of Accounting Firm

Testimonial

4.6

(1151)
68%
27%
4%
1%
0%

CR

We've all been listening to lots of information about the CARES Act. This is one seminar I will replay from time to time and watch for updates to. One of the more cogent presentations about this complicated and fast changing topic where I liked how the presenters modified their presentation to adapt to audience feedback

YS

Examples use in the webinar, help clarify doubts that arise from the related reading material that have been publish by the IRS and i'm sure it will become of great help in providing assistance to our clients. "Great Job guys..

DS

This was an extremely well-organized webinar that was all business, very important business. I took away so much valuable information that I need to assist my clients. Bravo to Jason for this quality presentation.

MH

I really enjoyed the seminar. Lots of great information and examples to work through. Never rushed to get through a section and extremely informative. Will have to look for more of his seminars.

RT

I thought the presentation was timely, and very informative. HIs examples were easy to understand and were presented in such a manner that added to my comprehension of the subject

CS

Jason was great !! The program he put together was very effective and the slides are great resources for all of us with second quarter payroll clients. Thank you very much. He was very knowledgeable and was well prepared. Did an excellent job given the technically sound difficulties. This information is relevant to every tax preparer.