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.
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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.
Valid upto : Dec 31, 2024
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.
Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert and a well known presenter of continuing education courses. He has an impeccable acumen for tax subjects, by virtue of which, he is known to create very well researched course materials helping individuals and businesses with accounting, bookkeeping, tax preparation, and business advisory in various industries.
Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics and much more.
He has presented over dozens of webinars on Form 1099 (MISC & R); marriage in the tax code; tax updates; the new Form W-4, payroll updates, filing status, tax credit and other issues relating to the modern-day household setting.
Moreover, Jason is known to be producing every other webinar/course a little different and updated from the previous one. No wonder, he is a top ranked presenter whose webinars and self-study course materials are very well received by the audience.
He also teaches 2 classes at Simpson College, Individual Income Tax and Business Analytics.
Jason was born and raised in Iowa and has a degree in corporate communications from Simpson College in Indianola. He has a big family that includes his wife, two sons, 5 cats and 3 dogs. Jason holds season tickets to University of Iowa football, and enjoys using his chainsaw. Topmost item in his 2022 bucket list is to learn how to properly ‘nose & taste’ whisky.
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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.
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.
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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