Mid-Year Tax Update (Half-Day Webinar) (Completed)

Join expert, Greg White, CPA, as he provides a mid-year update on the most recent changes you need to navigate through the maze of tax legislation.

Who Should Attend
New and experienced CPA’s who practice in the tax area or who need a better understanding of the tax law for other areas of practice.

Topics Covered

• Highlights of the Consolidated Appropriations Act
• What's the change, and how will it impact your practice?
  • The retention credit for 2021
  • Families First Credits for 2021
  • Changes to Lifetime Learning Credit and the tuition deduction
  • 100% deduction for restaurant meals
  • Deductibility of PPP expenses and when the basis increase occurs for PPP forgiveness
• Other developments including the IRS's proposed restructuring

Learning Objectives

• Identify taxpayers who qualify for the retention credit
• Recognize how to utilize strategies for maximizing PPP loan forgiveness
• Identify and apply new tax rules from the Consolidated Appropriations Act

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
Basic understanding of federal taxation concepts.

Advance Preparation
None