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THE TAX WORLD COVID-19: CHANGES PROFESSIONALS NEED TO KNOW

4.5 (395)

Jason Dinesen, EA, LPA

Dinesen Tax & Accounting, P.C.

Friday, May 29, 2020 | 01:00 PM EDT

  • CPA
  • EA

2 Credits

FREE

Subject Area

Taxes

Course Description

COVID-19 has turned the world upside down, and the tax world is impacted too. As businesses respond to the crisis, however, they likely will encounter customs and short-term global mobility and tax implications, which, if not addressed, could escalate into bigger issues.

This webinar will cover everything that has changed with taxes and payroll due to corona-virus, including: 

  • The latest on the Paycheck Protection Program, including new guidance on loan forgiveness
  • 7.5 potential "gotchas" on PPP loans
  • The latest on the Economic Impact Payments
  • Push back of due dates and payment deadlines
  • Changes to net operating loss rules
  • New business provisions relating to COVID-19, including: deferral of Social Security Tax, the employee retention credit, and tax credits under the Families First Coronavirus Response Act.

This webinar also includes the explanation of the new legislation and the implications for tax professionals as it pertains to individual tax relief, business tax relief, and additional provisions in the Coronavirus Aid. We will also, cover any late-breaking news up to the moment of the presentation.

Learning Objectives

  • Understand how loan forgiveness of Paycheck Protection Program loans works, including the new worksheets published by the SBA
  • Understand other provisions relating to PPP loans
  • Explain the latest on Economic Impact Payments from the IRS
  • Explain the tax relief provisions available to businesses
  • Explain how a business can decide on which relief provisions to use

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Bookkeeper
  • Business Owner
  • CPA - Mid Size Firm
  • CPA in Business
  • Enrolled Agent
  • Entrepreneurial CPA
  • QB Pro Advisor
  • Senior Accountant
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

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(
    [no_of_record] => 395
    [average] => 4.4962
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4.5

(395)
63%
27%
7%
2%
1%

JC

Mr. Dinesen is a very effective presenter. His method makes it easy to follow his materials and the materials are arranged in a manner that makes understanding easy.

JO

Jason was great !! The program he put together was very effective and the slides are great resources for all of us with second-quarter payroll clients. Thank you very much.

GG

This was an extremely well-organized webinar that was all business, very important business. I took away so much valuable information that I need to assist my clients. Bravo to Jason for this quality presentation.

AP

Jason presented timely and useful information. Highly recommended to all accounting professionals.

CP

Appreciate the content and summary of pertinent timely information