CPA trendlines and AA

2-hour Online Self-Study Course:

PPP and Employee Retention Credit Update

IRS Blows Open PPP Amended Return Timing Grab
Congress Cuts Away Part, But Not All, of ERC

Self-Study Course
Recorded on February 15, 2022
Includes Handout and Video Recording
2 CPE, 2 IRS CE

Program Description:

What’s new in late 2021 re: Covid relief for business? Tons. The game has changed a whole lot in a big hurry in the past few weeks.

For preparing (or amending) 2020, 2021 and 2022 income tax returns reporting PPP forgiveness and spending, whole new worlds have opened up. For part of the employee retention credit (ERC), both Congress and IRS have slammed the door on our fingers (or at least attempted to).

Both new opportunities and stumbling blocks abound. How do we respond?

  • IRS blows open PPP timing grab
  • Rev. Procs. 2021-48, -49 and -50 open amended return floodgates
  • NOL carrybacks for cash, anyone?
  • When is best time to file for PPP Draw 2 forgiveness? It really does matter
  • Congress rips away part of ERC, but leaves more on the table than you think
  • Status of ERC eligibility for Corp shareholder’s wages
  • IRS launches ERC audit program – America in the crosshairs
  • Planning, planning, planning and reporting choices, choices, choices

Prerequisite: Basic, working understanding of PPP loan programs and employee retention credit

bradleyBurnnett

Presenter: Bradley Burnett

Bradley Burnett, J.D., LL.M., is a practicing Colorado tax attorney with 38 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: Basic, working understanding of PPP loan programs and employee retention credit

Advanced Preparation: None

Program Level: Update

Delivery Method: QAS Self-Study

Field of Study: Taxes

CPE Hours: 2

IRS CE: 2

IRS Program Number: WVOOK-U-00048-21-S

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.

Self-Study Course
Recorded on February 15, 2022
Includes Handout and Video Recording
2 CPE, 2 IRS CE