LIVE ONLINE VIRTUAL SEMINAR more info
Analyze the FFCRA’s required paid leave and refundable payroll tax credits. Understand The CARES Act and relief for employers – the employee retention credit and the payroll tax deferral opportunities, and other payroll changes and IRC Sec. 163(j) business interest limitation for the CARES Act changes and new elections. Review the SECURE Act changes to many retirement plan rules and the Coronavirus-related retirement plan distributions for what employers need to know. Use helpful tips for running your practice in a pandemic as well as navigating the current issues with the IRS. Review the changes to the miscellaneous issues of TCJA, changes to related party rules and their impact on the employee retention credit, accounting method changes for accrual-basis taxpayers, the temporary rollback of the TCJA changes to the net operating loss rules and technical changes to the depreciation rules and QIP (qualified improvement property).
Delivery Method for this course will be Group Internet-Based. The program level is Basic and there is no advanced preparation needed. There are no prerequisites. Recommended credits are 8.0 CPE credits and the field of study is Taxes.
Gear Up attendee requirements: To receive CPE credit, you must login to the online session. Participants are required to actively participate throughout the online session by responding to attendance prompts when requested.
Gear Up is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing 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 through its website: www.nasbaregistry.org. Gear Up is approved for Group Live, Group Internet Based, and QAS Self Study delivery methods.
- CFP Credits: 8.0
- CTEC Credits: Federal Tax Law 8.0
- IRS Enrolled Agent Credits: Federal Tax/Tax Related Matters 8.0
- IRS Non-Credentialed Return Preparer Credits: Federal Tax 8.0
Gear Up is the CPE sponsor for this seminar. For more CPE information go to: https://checkpointlearning.thomsonreuters.com/CPEBrands/CPEGearUpCompliance.
The Gear Up Business Entities seminar is designed by tax practitioners for tax practitioners. It is the most comprehensive update and review of tax and economic issues facing small businesses. This course includes coverage of recent legislation, case law developments, and relevant notices, announcements, revenue rulings and procedures to help the busy practitioner stay current. Coverage includes:
- FFCRA’s required paid leave and refundable payroll tax credits.
- The CARES Act and relief for employers – the employee retention credit and the payroll tax deferral opportunities, and other payroll changes.
- Coronavirus-related retirement plan distributions – what employers need to know.
- NOLs – a temporary rollback of the TCJA changes to the net operating loss rules.
- IRC Sec. 163(j) business interest limitation – CARES Act changes and new elections.
- Long-awaited technical changes to the depreciation rules and QIP (qualified improvement property).
- Related party rules and their impact on the employee retention credit.
- Accounting method changes for accrual-basis taxpayers – the AFS income inclusion rule and new advanced payment guidance.
- Rev. Proc. 2020-25 and QIP implementation.
- The current news on the centralized partnership audit rules.
- The SECURE Act makes significant changes to many retirement plan rules.
- The pandemic created lots of tax issues including nexus, where did the employee really work.
- Helpful tips for running your practice in a pandemic.
- Retroactive changes to depreciation – are you ready.
- The IRS has become even more difficult to navigate. We have information to make it easier.
- A review of the changes to the miscellaneous issues of TCJA
Events shall start at 8:00 a.m. EST and conclude at 4:15 p.m. EST each day. Short breaks will be 9:45 a.m. to 10:00 a.m. and 2:30 p.m. to 2:45 p.m.. There will be a long break from 11:45 a.m. to 12:30 p.m..
1 day course covered in less depth than the 2 day course.