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Live Webinar:

Covid Relief Tax Refund Binge, Anyone?

Payroll Tax Returns Deluged With Change

Recording Only
2 Hours Recorded on June 24, 2021

No CPE

Program Description:

Employment tax returns have been pummeled by a flood of Congressional pandemic relief over and over and over again. Dripping with change after change after change, how do we push through and go on? This course will wash you employment tax clean.

First, it was deferral of employer OASDI until 2021 and 2022. Next, sick pay and family leave to employees under FFCRA offset by all fed employment taxes (ET). PPP then blitzed America with intricate employment tax interplay. Then, the President allowed deferral of employee OASDI. Next, the employee retention credit (ERC) burst on the scene to retroactively co-exist alongside PPP loans and forgiveness, but not on the same wages. Next, Congress changed the ERC/ET interplay prospectively. After all of that, IRS weighed in (well, sort of).

How do all of the above compete for the same wages and soak against the other?

Highlights

  • Amended return mania can put serious cash right back into your pocket
  • How IRS has slowed to a snail’s pace issuing refunds and how to respond
  • How Form 941 and 941-X doubled overnight in size and scope
  • Employee retention credit (ERC) – The ET credit masquerading as a tax credit
  • Planning cash flow involving employment tax deposits and refunds
  • Examples of various scenarios, filled out forms and backup records
  • ERC and FFCRA (and veteran’s employment, WOTC, R&D and §45S) credits and PPP forgiveness wage absorption all on display
  • Do it yourself or manage the outside payroll vendor? (How to prevent being slain)
  • How to handle the tip credit and ERC side-by-side? Double dip?
  • How ERC employment tax credits interact with income tax returns (let the M-1 adjustment good times roll)
  • Planning, planning and planning to get every dollar you can get

Do you jump for joy over payroll tax credits?

You will when you see how much money they can save you.

bradleyBurnnett

Presenter: Bradley Burnett

Bradley Burnett, J.D., LL.M., is a practicing Colorado tax attorney with 33 years of tax practice experience.  His practice emphasis is on tax planning and tax controversy resolution.  He also prepares a handful of tax returns.

Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey, and Canada. He has authored texts of 35 CPE courses.  He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9.  Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top-rated, most requested instructor for CPA Society annual tax conferences.

Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion.  His forte’ is the candid communication of practical ideas relating to tax law.

RickHost: Rick Telberg

 

  • Founder and CEO CPA Trendlines, Bay Street Group
  • Accounting Today Top 100
  • CPA Practice Advisor Top 25

Sandi Leyva, Accountant's Accelerator Founder PresidentHost: Sandi Leyva

 

  • Founder and President Accountant’s Accelerator, Sandra L Leyva, Inc.
  • CPA Practice Advisor Top 25
  • Most Powerful Women in Accounting

CPE Details

Prerequisites: None

Advanced Preparation: None

Program Level: Update

Delivery Method: Group Internet Based

Field of Study: Taxes

CPE Hours: 2 hours

IRS CE Hours: 2 hours

NASBA

Sandra L. Leyva, Inc. is registered with the National Association of the 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. Our NASBA sponsor number is 112525.

Seating is limited, so register now.  This webinar is packed with high quality content and will fill up fast!

Recording Only
2 Hours Recorded on June 24, 2021

No CPE