What Advisors Need to Know Now About the New Stimulus Bill

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2943133  |  Webcasts & Webinars  |  Basic  |  Scheduled

Special Notes

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by AICPA.

Description

In response to the coronavirus (COVID-19) pandemic, Congress passed new stimulus relief to bring the resources of the federal government to protect the health and well-being of all Americans. This bill provides several key provisions for taxpayers, including direct economic relief for workers and families, an additional $284.5B for small businesses, and guidance around the deductibility of expenses with forgiven PPP funds. The best way for advisors to prepare for this important development is to join Bob Keebler in this webcast where he will review all of the critical issues you’ll need to master to quickly and competently advise your clients.

Curriculum

  • Taxation

Prerequisites

none

Designed For

CPAs, tax professionals, Sole practitioners, Small/medium business owners, Other qualified professionals

Objectives

*Identify how the new tax provisions will work for taxpayers

*Recognize the types of taxpayers impacted

*Identify the details of the new benefits available

Highlights

*Direct economic relief for workers and families

*Unemployment benefits

*Rental assistance

*Childcare assistance

*Corporate meal expense deduction

*The total deductibility of expenses satisfied with forgiven PPP funds are provided for in the bill

*An additional $284.5B of forgivable “second-draw” PPP loans for small and “hard-hit” businesses

*The new quarterly revenue rule to even quality for a second PPP loan

*Expanded eligible expenses

*Simplified forgiveness applications

*Simplified covered period rules

*How to increase prior loans because of regulatory changes

*Special rules for farmers and ranchers

Registration for this event has closed. If you have any question or concerns please give us a call at 515-223-8161 or send us an e-mail at iacpa@iacpa.org