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Cares Act Comprehensive Update (COVID-19)

4.4 (12)

Blaise Bender

Blaise C. Bender, PC

Monday, June 15, 2020 | 09:00 AM EDT

  • CPA
  • EA

2 Credits

$20

Subject Area

Taxes

Upcoming Webinars

Course Description

This seminar will provide a tax update on the Coronavirus Aid, Relief and Economic Security (CARES) Act signed into law on March 27, 2020 in response to the Covid – 19 pandemic. The session will discuss tax relief to Individuals, Businesses and Estates and Gifts. Tax Practice Procedural modifications will be reviewed. Among the tax issues discussed are the following:

Individual Taxpayer Relief :
  • Taxpayer Filing Deadlines
  • Tax Credits Allowed for 2020
  • Waiver of Required Minimum Distributions for 2020
  • Eligible Rollover Distributions and Penalty Relief
  • Temporary Limit on Plan Loans
  • Excluded Education Payments Paid by Employers
  • Expansion of Definition of Qualified Medical Expenses
  • Chargeable Contribution Deductions in 2020
  • Modification of Excess Business Loss
Business Relief 
  • Technical Correction Regarding Bonus Depreciation on Qualified Improvement Property
  • Corporate Charitable Deductions Relief
  • Paid Sick leave Credit
  • Employee Retention Credit
  • Delay of Payment of Payroll Taxes
  • Revised Form 941
  • Interest Expense Deductibility
  • Corporate Minimum Tax Acceleration
  • Temporary Repeal of Taxable Income on NOLs
Paycheck Protection Program (PPP)
  • Accounting for Funds
  • Likeliness of continuation
  • Forgiveness of Debt: Tax and nontax issues
  • Required Documentation will  for Forgiveness
  • EIDL Lending
  • Current Controversy on deduction of expenses associated with PPP funds
The session will also discuss tax relief for Estates and Gifts matters associated with Covid – 19.

Learning Objectives

  • To identify the Tax Filing Deadlines for individuals, businesses, estates, trusts and gifting.
  • To recognize the Tax changes impacting individuals for 2019 and 2020.
  • To recognize the Tax Changes Impacting businesses, partnerships, LLCs for 2019 and 2020.
  • To recognize the new tax credits impacting payroll and revised payroll reporting requirements for 2020.
  • To identify the updates to the SBA lending programs, including PPP as well as required documentation for forgiveness of debt.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Entrepreneurial Accountant
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

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(
    [no_of_record] => 12
    [average] => 4.4167
)
 

4.4

(12)
58%
33%
0%
8%
0%

JF

Very informative. Great presenter. It made it more engaging. His enthusiasm was seen and felt. That made the facts more memorable and examples made it applicable to real life. Excellent!

MLK

The presenter did a wonderful job of showing how to use various tax laws to maximize tax savings. The handouts are great resources. This presentation helped to make the confusion of multiple tax laws easier to coordinate to benefit taxpayers.

MB

An extremely knowledgeable presenter provided valuable insights on various methods of depreciation covering the Path and Cares tax acts.

CG

Excellent presentation: well-organized with up-to-date relevant depreciation options and tax planning ideas!

RP

I had trouble answering two of the polling questions as well as having the audio issues. But the topic was interesting and the presenter seemed to be knowledgeable about the subject. I am looking forward to either register again for a new session or watch it over though the online webinar archive.

TS

This was a very informative presentation and I will do more research into the subject since so many changes have occurred.