CPA trendlines and AA

3-hour Webinar:
PPP Forgiveness and Employee Retention Credit
The Dynamic, Staggering One-Two Punch
Cases and Examples

Recording Only
3 Hours Recorded on April 1, 2021

No CPE

Program Description:

Brand New Guidance: 102 new pages on 2020 ERC – IRS Notice 21-20

IRS Heats Up the Kettle

on PPP / Employee Retention Credit Guidance

  1. All-new IRS Notice 2021-20 wedges the terrain on how much left for ERC after PPP
  2. More on how to approach Forms 941 and 941-X – Mechanics, wrenches and tools
  3. Sorting exactly which health insurance expenses count (and don’t)
  4. More detail on effect of teleworking on eligibility for ERC
  5. Examples, examples, examples and then some more

Congress’s latest moves provide shockingly good taxpayer windfalls. With the employee retention credit (ERC) newly retroactively available alongside PPP borrowing, taxpayers are like unsupervised kids in a candy score. While more IRS guidance is expected, this is a very good situation for taxpayers.

PPP also continues to be renewed and expanded. The Biden Administration keeps opening PPP up more and additional legislation is on the near horizon.

How does it all play out? Extremely well for taxpayers, but only if their tax advisors/preparers know how to optimally maneuver through it all.

Here’s an example. An employer (with 10 employees that earn $40,000 each) may receive, along with full (100%) PPP forgiveness, up to $50,000 in retroactive ERC for 2020 and $140,000 for 2021. Not bad at all. This course shows you how to thread the needle and obtain full PPP forgiveness and the maximum possible ERC.

But, we don’t stop there. We take a cases and examples approach and also give you the latest and greatest developments in PPP law.

Highlights:

  • Maximizing full PPP forgiveness and highest possible ERC at the same time
  • Mechanics of how to achieve it all
  • PPP law updates, including cashing in on expanding loan amounts
  • PPP Biden changes announced on 02/22/21
  • Hot Off-the-Press IRS guidance in Notice 21-20 that dropped 3/1/2021
  • Applying optimally for PPP Second Draw loans promptly before the money runs out

This is the biggest issue tax practitioners face this tax season.

Let’s make sure we don’t leave money on the table.

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: 3

IRS CE Hours: 1

IRS Course Number: WVOOK-U-00037-21-O

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
3 Hours Recorded on April 1, 2021

No CPE