What Advisors Need to Know About the New Stimulus Bill

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.

Date/Time

Tuesday, January 19, 2021
Registration Time: 12:00pm
12:00pm – 2:00pm

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Course Type

On-line Live Vendors

CPE Credit

2.00 hours CPE credit

Field of Study

Taxation

Level of Knowledge

Basic

Designed For

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

Vendor

AICPA

Prerequisites

None

Advanced Preparation

None

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

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

Location

N/A (This is a webcast)
Member Fee $99.00
Non-Member Fee $119.00
Your Price $119.00
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