Surgent's Top Business Tax Planning Strategies On-Demand Webcast

Course Details

Date

Self-Study

Location

Online

Field of Study

Taxation

CPE Credit

2 hours CPE credit

Level of Knowledge

Beginning

Vendor

Surgent McCoy CPE, LLC

Prerequisites

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

Description

The American Rescue Plan Act of 2021 (ARPA) is just the last of a series of legislative acts and IRS notices, pronouncements and regulations that provide help in 2021 for businesses caught in the economic downturn that followed the COVID-19 pandemic. This program covers the most helpful planning strategies that businesses can use in 2021 to reduce or eliminate their tax liability.

Highlights

  • Applying for PPP loan forgiveness
  • Utilizing the Employee Retention Tax Credit (ERTC) in 2021
  • The interaction of PPP loan forgiveness and the ERTC
  • Sick leave and family leave credits for businesses and self-employed individuals
  • Tax treatment of federal unemployment benefits
  • Restaurant Revitalization grants
  • Economic Injury Disaster loans
  • Increase in exclusion for employer-provided dependent care assistance

Objectives

  • Advise business owner clients to adopt tax planning strategies that would reduce their tax liability based on recent legislation and recent IRS pronouncements

Designed For

Tax practitioners who anticipate advising business clients in 2021 regarding strategies to reduce or eliminate federal income taxation

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