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2021 Tax Refund Bonanza for all Businesses Including PPP Recipients

  • AFSP
  • CPA (US)
  • CVA
  • EA
  • Tax Preparer
  • CTEC
  • CFE
2021 Tax Refund Bonanza for all Businesses Including PPP Recipients

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00379-21-O)

1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0379)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CPE credit for Certified Fraud Examiners (CFEs)

1 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-U-00379-21-O)

1 CE credit of Federal Tax Update for Oregon Tax Preparers (Approval No. GEHNZ-U-00379-21-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Course Description

This is a time-sensitive topic for learning how your clients, even those who received PPP dollars, could now be eligible for Employee Retention Credits tax refunds due to expanded eligibility rules.

On December 27th, the second Coronavirus relief package was signed into law. This law contains significant enhancements to the Employee Retention Credit (ERC) enacted under the CARES Act! Some clients who don’t meet the decline in gross receipts threshold may still qualify. The webinar will outline the new, more robust, qualification rules which will put significant refundable tax credits into your client’s bank accounts. For some, up to $19,000 per employee on the payroll. 20 employees, $380,000 of refundable credits.

The new administration has proposed significant spending and tax law changes that will be addressed by Congress in short order. These proposed changes mostly affect individuals and are in the form of new or expanded credits for families and even some for low-income individuals.

We will cover the most important of these tax changes so you will be prepared to answer client’s questions and tax plans for many in 2021.

Key topics: 

  • The new robust qualifications of the ERC credit even for PPP recipients. Up to $19,000 per employee.
  • How even PPP recipients, as well as those who do not meet the gross receipt decline ratios, may still qualify. This is huge!
  • Review proposed individual tax credits by the new administration. These could affect millions of Americans.
  • How to accelerate real estate tax deductions into 2020 and perhaps receive tax refunds. These benefits are temporary and must be taken now.
  • How to defer capital gains by using a self-directed Opportunity Zone Fund, newly expanded benefits are now available for the tax deferral benefits.
  • How to take full advantage of the temporary tax benefits of the CARES Act.
  • How to roll multiple future years of charitable tax deductions into the current year, and only give a single year’s donation now.
  • How to plan for ROTH IRA conversions under current favorable tax law.

The benefits of attending this webinar include knowledge and strategies which have meaningful impacts on your clients for years to come.

Learning Objectives

  • To identify opportunities for qualification of the expanded ERC credits. We are identifying multiple new qualifiers daily.
  • To explore potential expanded tax credits for individual clients in 2021. To identify and recognize significant tax savings still available for 2020.
  • To recognize the benefits of qualified opportunity zones and how to defer capital gains taxes now and perhaps forever.
  • Identify which clients are good prospects for accelerated real estate tax deductions into tax year 2020.
  • To identify tax refund opportunities provided by the CARES Act.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Testimonial

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    [average] => 4.4280
    [no_of_record] => 792
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4.4

(792)
53%
37%
9%
1%
0%

RC

Good course that summarizes all you need to know about PPP and other tax reductions. ..clearly laid out the credit concepts for us tax CPA's that try to avoid Payroll details!

MD

There was a lot of material presented. Probably could've used more time, but having the slides I was able to take notes on the relevant items for me. Very good presentation

RPSC

THIS WEBINAR WAS DIFFERENT. AND THE BEST WE HAVE ATTENDED, WHERE WE MANAGED TO LEARN , SOMETHING NEW, ALTHOUGH IN THE TIME AVAILABLE, THE SPEAKER CANNOT POSSIBLY TEACH EVERYTHING !

MS

The webinar was full of great learning experiences in different styles. I would have joined for a longer webinar had I known the value beforehand. I am confident that I shall attend more webinars by Jamie on MyCPE.

CF

The webinar was just what I was looking for! I have received great information on PPP updates and ERC and inputs for my practice. I think this will work..! Thank you Jamie for the wonderful webinar.

NS

The 1st half hour was most useful for me.