Schedule C Updates 2 Credits
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With tax season fast approaching, sole proprietors and tax professionals must stay abreast of the latest updates to Schedule C. This CE course meticulously addresses critical adjustments for 2024 tax filings, encompassing the revised mileage rates and shifting Qualified Business Income (QBI) thresholds. Guided by seasoned experts, you’ll delve into the specific changes and their impacts, equipping you with the clarity to apply these updates effectively in your tax preparation or advisory work.
As tax regulations advance, so too do the accounting methods and compliance standards governing them. This course extends beyond basic updates, thoroughly exploring accounting methodologies, including essential cash and accrual accounting principles. Discover the intricacies of prepaid expenses, reporting obligations, and efficient management of contractor payments. Additionally, acquire actionable insights on maximizing deductions for home office expenses and implementing depreciation rules for business assets such as vehicles—all while upholding compliance.
Major Topics:
Upon completion, participants will possess a robust understanding of Schedule C modifications, actionable tax strategies, and the most current compliance standards. Equip yourself with this essential knowledge to navigate the complexities of the upcoming tax season confidently.
Click here for more CE courses.
| License details | Credits | Status |
|---|---|---|
| Taxes for Certified Public Accountants (CPA-US) | 2 CPE | Approved |
| Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-02234-24-S) | 2 CE | Approved |
| Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-02234-24-S) | 2 CE | Approved |
| California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1807) | 2 CE | Approved |
| Personal Financial Specialist (PFS) | 2 CPD | Eligible |
| Taxes for Delaware Licensed Public Accountant (DE-LPA) | 2 CPE | Eligible |
| Chartered Financial Consultant (ChFC) | 2 CE | Eligible |
| Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-02234-24-S) | 2 CE | Approved |
| Tax Planning for Certified Financial Planner (CFP-US) (Approval No. 332278) (Valid upto : Dec 31, 2025) | 2 CE | Approved |
| Trust and Estate Practitioners (TEP) | 2 CPD | Eligible |
| Retirement Income Certified Professional (RICP) | 2 CE | Eligible |
| Federal Tax Law Update for LTC (Approval No. GEHNZ-U-02234-24-S) | 2 CE | Eligible |
| Certified Plan Fiduciary Advisor (CPFA)/Qualified Plan Financial Consultant (QPFC) | 2 CE | Eligible |
| Wealth Management Certified Professional (WMCP) | 2 CE | Eligible |
| Financial Services Certified Professional (FSCP) | 2 CE | Eligible |
| Taxes for Iowa Licensed Public Accountant (IA-LPA) | 2 CPE | Eligible |
| Taxes for Maine Licensed Public Accountant (ME-LPA) | 2 CPE | Eligible |
| Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-02234-24-S) | 2 CE | Approved |
| Chartered Special Needs Consultant (ChSNC) | 2 CE | Eligible |
| Chartered Advisor in Senior Living (CASL) | 2 CE | Eligible |
| License details | Credits | Status |
|---|---|---|
| Taxes for Certified Public Accountants (CPA-US) | 2 CPE | Approved |
| Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-02174-24-O) | 2 CE | Approved |
| Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-02174-24-O) | 2 CE | Approved |
| California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1759) | 2 CE | Approved |
| Personal Financial Specialist (PFS) | 2 CPD | Eligible |
| Taxes for Chartered Financial Analyst (CFA) | 2 PL | Eligible |
| Taxes for Delaware Licensed Public Accountant (DE-LPA) | 2 CPE | Eligible |
| Chartered Financial Consultant (ChFC) | 2 CE | Eligible |
| Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-02174-24-O) | 2 CE | Approved |
| Tax Planning for Certified Financial Planner (CFP-US) (Approval No. 332278) (Valid upto : Dec 31, 2025) | 2 CE | Approved |
| Certified Wealth Strategist (CWS) | 2 CE | Eligible |
| Trust and Estate Practitioners (TEP) | 2 CPD | Eligible |
| Certified Fiduciary and Investment Risk Specialist (CFIRS) | 2 CE | Eligible |
| Retirement Income Certified Professional (RICP) | 2 CE | Eligible |
| Federal Tax Law Update for LTC (Approval No. GEHNZ-U-02174-24-O) | 2 CE | Eligible |
| Certified Plan Fiduciary Advisor (CPFA)/Qualified Plan Financial Consultant (QPFC) | 2 CE | Eligible |
| Wealth Management Certified Professional (WMCP) | 2 CE | Eligible |
| Financial Services Certified Professional (FSCP) | 2 CE | Eligible |
| Taxes for Iowa Licensed Public Accountant (IA-LPA) | 2 CPE | Eligible |
| Taxes for Maine Licensed Public Accountant (ME-LPA) | 2 CPE | Eligible |
| Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-02174-24-O) | 2 CE | Approved |
| Chartered Special Needs Consultant (ChSNC) | 2 CE | Eligible |
| CIPM | 2 PL | Eligible |
| Chartered Advisor in Senior Living (CASL) | 2 CE | Eligible |
Credits
Course Level
Instructional Method
Pre-requisites
Advance Preparation
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.
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.
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.
Jason Dinesen is a seasoned tax professional, educator, and entrepreneur with a passion for simplifying complex tax concepts. He is a go-to expert in accounting, bookkeeping, tax preparation, business advisory and interpretations of tax laws and regulations.
Jason has trained over 200,000 accounting, tax, and HR professionals through his engaging presentations, webinars, and self-study courses. Sharing his knowledge in the classroom, teaches Individual Income Tax and Business Analytics at Simpson College, where he earned his degree in corporate communications.
He has delivered numerous webinars on topics like:
Who Jason really is
He is a Whiskey Lover mastering the art of whisky tasting, a football fan, a craft man holding Chainsaw and Pen by IRS. Born and raised in Iowa, Jason leads a vibrant life with his wife, two sons, five cats, and three dogs.
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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.
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.
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.
RS
I enjoyed the seminar and the time passed quickly. it was a good refresher. i look forward to others. The instructor was well versed in Schedule C except for standard vs actual vehicle expenses. His original comment was incorrect. If the vehicle is leased whichever method is chosen the first year must be maintained. If the vehicle is owned and actual is chosen the first year it must be maintained but if standard is chosen for the first year the method can be changed. And- not mentioned- the truck used by an owner-operator trucking sole proprietor can only use actual expenses. The instructor was engaging, relevant and professional. I was most impressed that he was willing to respond to the inquiries and look into a difference of opinion rather than ignoring. A true professional and teacher.
CC
This was an excellent webinar. The instructor did a great job. I would highly recommend this webinar. This instructor always does a great job & is extremely knowledgeable. I was extremely happy that he made sure & addressed completing the webinar in the 100 min because in the past he used to run over time & not launch polling questions timely which sometimes deterred me from taking his classes as I book my webinars back to back on the same days and needed those extra few minutes to use the restroom or grab a drink or snack as I had 6 - 8 credits that day and needed to get to my next webinar. I always thought he was a great instructor and will be looking forward to more of his webinars.
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