myCPE
myCPE

All Courses, One Price. Unlimited Access and Many Benefits.

Subscribe $199

April Accelerate Sale 2024 : 67% Savings on Subscription. Offer Ends Soon! April Accelerate Sale 2024 :
67% Savings on Subscription. Offer Ends Soon!
00hrs : 00min : 00sec

View Offer

Business Tax Update: Key Insights and Compliance Strategies 2 Credits

Business Tax Update: Key Insights and Compliance Strategies 2 Credits

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Answer the polling questions
  • Get your certificate

Dec 27, 2024 | 09:30 AM ET

Learning Objective

  • To navigate the evolving landscape of business tax regulations and compliance, participants will comprehend the mandatory e-filing requirements.
  • To explore the Employee Retention Credit (ERC) program eligibility criteria for claiming the credit, emphasizing scenarios where implementation of OSHA recommendations can make employers eligible for ERC.
  • To know the finalized rules set by FinCEN, elucidating the purpose behind these regulations, the background related to money laundering prevention, and the congressional objectives of protecting national and foreign commerce.
  • To analyze the landscape of exemptions available under Beneficial Ownership reporting.

Course Overview

Dive into the latest in business tax with our exclusive update, where we unpack the newest regulations, incentives, and strategic insights shaping the fiscal landscape for enterprises. Stay ahead in the dynamic world of business taxation to optimize your financial strategy and enhance your bottom line.

This CPE webinar provides a comprehensive overview of various crucial updates and considerations for businesses, primarily focusing on tax-related matters. This course covers essential aspects of the 2023 tax year, emphasizing mandatory e-filing for entities. It introduces changes related to IRC 174, highlighting the capitalization and amortization of Research and Experimentation (R&E) costs over 5 or 15 years. 

In this CE Tax Course, we delve into updates related to the Employee Retention Credit (ERC). It discusses eligibility criteria for claiming the ERC in connection with OSHA recommendations and provides insights into the process of withdrawing a claimed ERC. The webinar also touches on the potential legal consequences for businesses that have willfully filed fraudulent claims and emphasizes the importance of compliance and adherence to ERC-related procedures. Lastly, the course introduces significant updates regarding Beneficial Ownership reporting requirements. It emphasizes the exemptions available and details specific criteria for large operating businesses and inactive businesses. 

Key Topics covered in this webinar:

  • Mandatory E-filing
  • ERC Update
  • Business Credits
  • Transfer Credits
  • Beneficial Ownership
  • Exemptions

Join this online CPE webinar, it serves as a valuable resource for businesses, offering insights into tax-related updates, ERC considerations, and the intricacies of Beneficial Ownership reporting.

Looking to fulfill your Enrolled Agent (EA) Continuing Education (CE) requirements? MY-CPE online Enrolled Agent CE courses are the best for you. Earn EA CE Credits while enhancing your domain knowledge and expertise in diverse tax regulations and practices. Our courses are designed to provide you with the latest updates and deep insights to keep you ahead in your field. With flexible scheduling and a user-friendly platform, MY-CPE offers you a greater convenient and interactive learning experience. Join MY-CPE today and take the next step in advancing your career as an Enrolled Agent. 

  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 2 CE Credit of Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-01990-24-S)
  • 2 CE Credit of Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-01990-24-S)
  • 2 CE Credit of Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1583)
  • 2 CE Credit of Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-01990-24-S)
  • 2 CE Credit of Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-01990-24-S)
  • 2 CE Credit of Federal Tax Law Update for LTC (Approval No. GEHNZ-U-01990-24-S)
  • 2 CPE Credit of Taxes for Iowa Licensed Public Accountant (IA-LPA)
  • 2 CPE Credit of Taxes for Maine Licensed Public Accountant (ME-LPA)
  • 2 CPE Credit of Taxes for Delaware Licensed Public Accountant (DE-LPA)

  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 2 CE Credit of Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-01990-24-O)
  • 2 CE Credit of Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-01990-24-O)
  • 2 CE Credit of Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1583)
  • 2 CE Credit of Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-01990-24-O)
  • 2 CE Credit of Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-01990-24-O)
  • 2 CE Credit of Federal Tax Law Update for LTC (Approval No. GEHNZ-U-01990-24-O)
  • 2 CPE Credit of Taxes for Iowa Licensed Public Accountant (IA-LPA)
  • 2 CPE Credit of Taxes for Maine Licensed Public Accountant (ME-LPA)
  • 2 CPE Credit of Taxes for Delaware Licensed Public Accountant (DE-LPA)

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the  AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

4.5

Excellent

Very Good

Average

Poor

Terrible

Owen Mccafferty
Owen Mccafferty, CPA (US)

Mr. Preusch kept interest in his audience for almost 2 hours despite the continuing commentary on Beneficial Ownership treatment as the practice of law. If it is, why continue to talk about it? The ABA seminars would be a far more suitable venue. Despite that, Mr. Preusch have a very informative narrative. I always appreciate his perspective.

LCT

Linda C Troxel, AFSP

Although I don't prepare payroll tax returns I want to know the laws on the ERC. It helps me know how to advise clients asking about the ERC. I only prepare individual and small company returns. It does help to know the laws and know how to advise clients as they decide to grow their companies.

Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

Exclusive
mobile app for
our unlimited access
subscribers

5 mins ago. Subscribed
Saay purchased a subscription.
4 mins ago. Subscribed
Karen purchased a subscription.
6 mins ago. Subscribed
Lin purchased a subscription.
15 mins ago. Subscribed
Daniel purchased a subscription.
7 mins ago. Subscribed
Kali purchased a subscription.
14 mins ago. Subscribed
Robert purchased a subscription.
15 mins ago. Subscribed
Thomas purchased a subscription.
10 mins ago. Subscribed
Shawn Hanson purchased a subscription.
4 mins ago. Subscribed
Alexander purchased a subscription.
11 mins ago. Subscribed
Stacey-Jean purchased a subscription.
6 mins ago. Subscribed
Bibash purchased a subscription.
12 mins ago. Subscribed
Mounir purchased a subscription.
9 mins ago. Subscribed
zakiya purchased a subscription.
13 mins ago. Subscribed
Katherine purchased a subscription.
12 mins ago. Subscribed
Masaru purchased a subscription.
12 mins ago. Subscribed
Eric purchased a subscription.
9 mins ago. Subscribed
Deborah purchased a subscription.
10 mins ago. Subscribed
MinKyung purchased a subscription.
14 mins ago. Subscribed
STUART purchased a subscription.
14 mins ago. Subscribed
matt purchased a subscription.
6 mins ago. Subscribed
Traci purchased a subscription.
6 mins ago. Subscribed
Walid purchased a subscription.
11 mins ago. Subscribed
Zachary purchased a subscription.
12 mins ago. Subscribed
teresa purchased a subscription.
11 mins ago. Subscribed
Kaylynne purchased a subscription.
14 mins ago. Subscribed
Timothy purchased a subscription.
6 mins ago. Subscribed
Nina purchased a subscription.
15 mins ago. Subscribed
Haaris purchased a subscription.
6 mins ago. Subscribed
Tharwat purchased a subscription.
6 mins ago. Subscribed
Darryl purchased a subscription.
6 mins ago. Subscribed
Bonnie purchased a subscription.
9 mins ago. Subscribed
Jenna purchased a subscription.
12 mins ago. Subscribed
ADEFOWOPE purchased a subscription.
4 mins ago. Subscribed
Stacy purchased a subscription.
11 mins ago. Subscribed
John purchased a subscription.
7 mins ago. Subscribed
Courtney purchased a subscription.
15 mins ago. Subscribed
Parth purchased a subscription.
14 mins ago. Subscribed
Agnes purchased a subscription.
7 mins ago. Subscribed
Johan purchased a subscription.
3 mins ago. Subscribed
Jennifer purchased a subscription.
15 mins ago. Subscribed
CHRISTOPHER purchased a subscription.
14 mins ago. Subscribed
Andrew purchased a subscription.
4 mins ago. Subscribed
Huseyin purchased a subscription.
7 mins ago. Subscribed
Tom purchased a subscription.
11 mins ago. Subscribed
MaryJo purchased a subscription.
7 mins ago. Subscribed
Jared purchased a subscription.
8 mins ago. Subscribed
Brittany purchased a subscription.
7 mins ago. Subscribed
Wendy purchased a subscription.
5 mins ago. Subscribed
Julia purchased a subscription.
5 mins ago. Subscribed
Milton purchased a subscription.
10 mins ago. Subscribed
Karen purchased a subscription.
8 mins ago. Subscribed
Anil purchased a subscription.
12 mins ago. Subscribed
Linda purchased a subscription.
5 mins ago. Subscribed
Robert purchased a subscription.
4 mins ago. Subscribed
Christine purchased a subscription.
13 mins ago. Subscribed
Xiaoyan purchased a subscription.
8 mins ago. Subscribed
Amberly purchased a subscription.
12 mins ago. Subscribed
Stasia purchased a subscription.
9 mins ago. Subscribed
Sheba purchased a subscription.
9 mins ago. Subscribed
Christy purchased a subscription.
7 mins ago. Subscribed
Jimmy purchased a subscription.
8 mins ago. Subscribed
Mary purchased a subscription.
4 mins ago. Subscribed
Karen purchased a subscription.
13 mins ago. Subscribed
kajal purchased a subscription.
12 mins ago. Subscribed
Darrell purchased a subscription.
10 mins ago. Subscribed
Ximei purchased a subscription.
15 mins ago. Subscribed
Michele purchased a subscription.
2 mins ago. Subscribed
Heidi purchased a subscription.
15 mins ago. Subscribed
Telesphore purchased a subscription.
11 mins ago. Subscribed
Jasmin purchased a subscription.
2 mins ago. Subscribed
Wendy purchased a subscription.
15 mins ago. Subscribed
William purchased a subscription.
13 mins ago. Subscribed
Anke purchased a subscription.
13 mins ago. Subscribed
Catherine purchased a subscription.
13 mins ago. Subscribed
Marie purchased a subscription.
2 mins ago. Subscribed
Daniel purchased a subscription.
11 mins ago. Subscribed
Myungsoo purchased a subscription.
2 mins ago. Subscribed
Bareaa purchased a subscription.
9 mins ago. Subscribed
John purchased a subscription.
11 mins ago. Subscribed
John Scott purchased a subscription.
10 mins ago. Subscribed
Clint purchased a subscription.
10 mins ago. Subscribed
Camilla purchased a subscription.
6 mins ago. Subscribed
Johnnie purchased a subscription.
14 mins ago. Subscribed
Jason purchased a subscription.
5 mins ago. Subscribed
BARRY purchased a subscription.
13 mins ago. Subscribed
Sindy purchased a subscription.
4 mins ago. Subscribed
Kim purchased a subscription.
2 mins ago. Subscribed
Hannah purchased a subscription.
11 mins ago. Subscribed
David purchased a subscription.
7 mins ago. Subscribed
Benjamin purchased a subscription.
5 mins ago. Subscribed
Chris purchased a subscription.
7 mins ago. Subscribed
Jacob purchased a subscription.
8 mins ago. Subscribed
Stephanie purchased a subscription.
6 mins ago. Subscribed
Hannah purchased a subscription.
12 mins ago. Subscribed
Bill purchased a subscription.
11 mins ago. Subscribed
James purchased a subscription.
13 mins ago. Subscribed
Anthony purchased a subscription.
4 mins ago. Subscribed
Mara purchased a subscription.
7 mins ago. Subscribed
Carlos purchased a subscription.
12 mins ago. Subscribed
Martha purchased a subscription.