CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Tax Implications And Planning Due To Covid-19

4.3 (10)

Nicholas Preusch

Nicholas Preusch

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • Oregon Tax Preparer
  • CTEC

Published: July, 2020

2 Credits

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00185-20-S)

2 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0197)

2 CE credit of Federal Tax Update for Oregon Tax Preparers (Approval No. GEHNZ-U-00185-20-S)

2 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-U-00185-20-S)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

Overview

  • Legislation
    5 mins
  • Regular Tax Planning
    12 mins
  • Stimulus Checks
    24 mins
  • Lending Programs
    28 mins
  • What do we do?
    42 mins
  • Big Tax Changes
    49 mins
  • IRC 139
    54 mins
  • Accounting for 139 Payments
    64 mins
  • Payroll Tax Defer
    65 mins
  • Employee Retention Credit
    69 mins
  • Emergency Paid Sick Leave Credit
    71 mins
  • Other Major Tax Provision
    73 mins

Course Description

Typically in election years, we do not see much in terms of tax law changes. However, 2020 has been a very different year. From the passage of the SECURE Act to the CARES Act there has been a multitude of highly important tax changes. These changes come in two forms: 

  • Amendments that you can work on right now to get cash into your client’s pockets.
  • Changes that will impact future years that require proper planning.

As Corona virus wreaks economic havoc, Congress and IRS have acted swiftly through the tax law in response. These relief efforts cut much deeper and wider than first meet the eye. By now, we’re 3 rounds of legislation and many rounds of IRS (and Labor) guidance into this thing. With all the talk about the PPP loan program, these changes have flown under the radar. This webinar will look at the changes and what you can do to best position clients to take advantage of these clients. With revenues down for most accounting firms, we will also discuss how these changes can help drive additional revenues to make up for other short-falls. Please join us for insights on what’s happened so far and a look ahead to what organizations can do to stay ahead of the curve.

Learning Objectives

  • To identify the major changes in the SECURE Act
  • To identify the major changes in the CARES Act
  • To recall the state legislation that impacts COVID
  • To identify other COVID related legislation
  • To align work projects related to these acts with actionable items to help drive revenues

Who Should Attend?

  • Accountant
  • Accounting Firm
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

4.3

(10)
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SS

Excellent examples and easy to understand

KN

good