Business Tax Update and Planning Strategies (BTUS)

Karen E. Davis, EA, Edward A. Renn, Esq., Lance G. Weiss, CPA, CVA, Michael J. Tucker, J.D., CPA
  • 3
  • Update
  • Taxes
On-site : Not available; please select a webinar
Webinar : December 08, December 15
Broadcast Times

Individual course: $91
Best Value: All-Star Tax Season Pass
Volume Discounts: 
Click here for details.

Overview

With the new administration coming into office during a pandemic that has impacted many businesses, ongoing tax changes for businesses can be expected. In addition, the American Rescue Plan Act (ARPA) has provided important guidance that  explains the interaction of the PPP loan forgiveness application and the Employee Retention Tax Credit (ERTC).  This program will update tax practitioners with a detailed explanation of business tax changes impacting 2021.

Major Topics:

  • Latest update regarding the PPP loan program and PPP loan forgiveness applications
  • 2021 rules relating to the ERTC
  • Notice 2021-20: the interaction of PPP loan forgiveness and the ERTC
  • Credits for paid sick and family leave for both employers and self-employed individuals
  • Tax treatment of Targeted EIDL Advances
  • Restaurant revitalization grants
  • ARPA health care and health insurance provisions
  • Business related COVID-19 tax changes carried over to 2021 from 2020
  • Statutory tax changes impacting businesses in 2021
  • IRS regulations, notices, and other pronouncements impacting businesses and their owners in 2021
  • PPP loan applications and loan forgiveness applications in 2021

Learning Objectives

  • Understand business related tax changes for 2021

Any tax practitioner who will be preparing business related income tax returns for 2021 

A basic understanding of the tax rules relating to individual income tax

None

Yes

Yes

Varies by state. Check back soon for details