myCPE
myCPE

Business Tax Update: Key Insights and Compliance Strategies 2 Credits

Dec 27, 2024, 09:30 AM ET

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
  • Attend the live interactive session
  • 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. 

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

Enter your qualification details to ensure this course is counted toward your compliance.

Add your qualification details to easily track your compliance. You can also add multiple qualifications for comprehensive coverage.

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: Top-rated speaker for Latest TAX CPE/CE Webinars | myCPE
Nicholas Preusch , CPA (US)

Certified Public Accountant (CPA), Nicholas Preusch

  • 4.5
  • rating
  • rating
  • rating
  • rating
  • rating

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.

Reviews and Ratings

out of 5

rating rating rating rating rating
1,824 ratings

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.

Recommended Courses

Passive Activities & Rental Real Estate Income Tax Issues

Dec 16, 09:00 AM ET

  • AFSP
  • CRTP
  • CFP® (US)
  • CPA (US)
  • CFA
  • EA
  • ORTP
  • CPA/PFS
  • TEP
  • ChFC
  • CSA
  • Maryland Tax Preparer
  • CPFA/QPFC
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CFIRS
  • CWS
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Annual Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065)

Dec 16, 09:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Everything You Need to Know About Partnership

Dec 16, 09:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
Payroll Regulations, Laws, Common Pitfalls, and Recordkeeping Requirements

Dec 16, 09:30 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • HRCI
  • ORTP
  • SHRM
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
A Simple Approach & Overview to Virtual Currency

Dec 16, 10:00 AM ET

  • AFSP
  • CRTP
  • CFP® (US)
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • ChFC
  • Maryland Tax Preparer
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
2024 Year-End Strategies: Smooth Sailing into 2025!

Dec 16, 10:00 AM ET

  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • HRCI
  • ORTP
  • SHRM
  • Maryland Tax Preparer
  • LTC
  • IA LPA
  • ME LPA
  • DE LPA
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

Add qualification to
view credit details

This course is included with,

Individual Subscription

Gain access to everything required for compliance, skill enhancement, and staying ahead of industry trends—all included in the Individual subscription. Here’s what you get:

  • 13,000+ Hours of NASBA-Approved Content
  • 500+ Emerging Subject Areas
  • 50+ State- Specific Ethics Courses
  • 100+ Conferences with Access to Industry Events
  • 250+ FastTrack Compliance Packages

    Pre-selected courses for quick compliance

  • Exclusive Mobile App Access
  • Access to Professional Communities

    Connect with like-minded professionals on Teams.

Trusted by 250,000+ Professionals

trust pilot review google review
Unlimited Access

Ready to Get Started?

Sign up today and begin your learning journey immediately!

card
stripe
$299$199 For 12 Months
Subscribed
ruzanna purchased a subscription.
Subscribed
Cynthia purchased a subscription.
Subscribed
Zane purchased a subscription.
Subscribed
Brian purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Nabilhasan purchased a subscription.
Subscribed
Mike purchased a subscription.
Subscribed
DIVYA purchased a subscription.
Subscribed
Midhun purchased a subscription.
Subscribed
Michelle purchased a subscription.
Subscribed
Vivian purchased a subscription.
Subscribed
Woody purchased a subscription.
Subscribed
Dag purchased a subscription.
Subscribed
BOB purchased a subscription.
Subscribed
Denise purchased a subscription.
Subscribed
Poi Poi purchased a subscription.
Subscribed
Stephen purchased a subscription.
Subscribed
Robin purchased a subscription.
Subscribed
Ann purchased a subscription.
Subscribed
Greg purchased a subscription.
Subscribed
Clifton purchased a subscription.
Subscribed
Anthony purchased a subscription.
Subscribed
Angie purchased a subscription.
Subscribed
Sagar purchased a subscription.
Subscribed
Iris purchased a subscription.
Subscribed
Lisa purchased a subscription.
Subscribed
xiao purchased a subscription.
Subscribed
GLORIA purchased a subscription.
Subscribed
Kavita purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Stacey purchased a subscription.
Subscribed
Shipra purchased a subscription.
Subscribed
Karen purchased a subscription.
Subscribed
Susan purchased a subscription.
Subscribed
Kristen purchased a subscription.
Subscribed
MARTHA purchased a subscription.
Subscribed
Phoebe purchased a subscription.
Subscribed
Frank purchased a subscription.
Subscribed
cheryl purchased a subscription.
Subscribed
Catherine purchased a subscription.
Subscribed
Chelsea purchased a subscription.
Subscribed
Casey purchased a subscription.
Subscribed
Ashlyn purchased a subscription.
Subscribed
Layton purchased a subscription.
Subscribed
Akshay purchased a subscription.
Subscribed
Suzanne purchased a subscription.
Subscribed
Sherri purchased a subscription.
Subscribed
TYLER purchased a subscription.
Subscribed
William purchased a subscription.
Subscribed
Thomas purchased a subscription.
Subscribed
Joseph purchased a subscription.
Subscribed
Robert purchased a subscription.
Subscribed
Subhajit purchased a subscription.
Subscribed
Anne C purchased a subscription.
Subscribed
Andrea purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Jeffrey purchased a subscription.
Subscribed
Kapil purchased a subscription.
Subscribed
Patricia purchased a subscription.
Subscribed
Shannon purchased a subscription.
Subscribed
Jay purchased a subscription.
Subscribed
Zahia purchased a subscription.
Subscribed
Jeffrey purchased a subscription.
Subscribed
Kathleen purchased a subscription.
Subscribed
Tyler purchased a subscription.
Subscribed
JANICE purchased a subscription.
Subscribed
Sherry purchased a subscription.
Subscribed
Karl purchased a subscription.
Subscribed
Laurie purchased a subscription.
Subscribed
Pauline purchased a subscription.
Subscribed
Bailey purchased a subscription.
Subscribed
Daniel purchased a subscription.
Subscribed
TERRY purchased a subscription.
Subscribed
Joseph purchased a subscription.
Subscribed
Tricia purchased a subscription.
Subscribed
Mary purchased a subscription.
Subscribed
Mary Jane purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Mike purchased a subscription.
Subscribed
Margaret purchased a subscription.
Subscribed
ralph purchased a subscription.
Subscribed
Robert purchased a subscription.
Subscribed
Ann purchased a subscription.
Subscribed
Ana purchased a subscription.
Subscribed
Tom purchased a subscription.
Subscribed
Virginia purchased a subscription.
Subscribed
Yassine purchased a subscription.
Subscribed
MARIA purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
Bradley purchased a subscription.
Subscribed
Teresa purchased a subscription.
Subscribed
Linda purchased a subscription.
Subscribed
Jennifer purchased a subscription.
Subscribed
Evgenia purchased a subscription.
Subscribed
Tien Dung purchased a subscription.
Subscribed
Mei purchased a subscription.
Subscribed
Carli purchased a subscription.
Subscribed
Natalie purchased a subscription.
Subscribed
Michelle purchased a subscription.
Subscribed
Shannan purchased a subscription.