COVID-19 Employment Tax Changes for Employers and Self-Employed (Completed)

Date: Monday, June 8, 2020
Instructor: Annette Nellen
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC

Among several tax changes in the Families First Coronavirus Response Act (FFCRA) and CARES Act are a few providing employment tax relief for many employers and self-employed individuals. This webinar explains the paid leave credits of the FFCRA and the employee retention payroll tax credit and the delay for depositing payroll and self-employment taxes. These rules interact with other credits and tax rules as well. Examples, documentation and planning considerations are also covered.

Topics Covered

  • Paid leave credits of the FFCRA
  • Employee retention payroll tax credit
  • Delay for depositing payroll and self-employment taxes
  • Examples, documentation and planning considerations

Learning Objectives

  • Identify employment tax relief for employers and self-employed individuals in the FFCRA and CARES Acts
  • Compute the employee retention credit with and without the employer OASDI tax deferral provision
  • Recognize how the payroll/self-employment tax relief interacts with other COVID-19 and general tax provisions

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation
None

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