Business Tax Update: Key Insights and Compliance Strategies 2 Credits
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Dec 27, 2024 | 09:30 AM
ET
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:
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.
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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).
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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.
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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.
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
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.
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