CORONAVIRUS (COVID-19) STATEMENT – CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Carter Dillman

Employer Payroll Tax Delay Can Help Cash-Strapped Businesses

The employer’s share of Social Security Tax (but not Medicare tax) can be delayed, and paid over two years. Many business clients may not know that the deferral applies to: Self-employed individuals Recipients of PPP loans, but only until the date of PPP loan forgiveness The President is about to sign legislation to provide more …

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Guest Post: Current Expected Credit Losses (CECL) and the Virus

One of Western CPE’s most popular instructors, Jeff Sailor brings expertise and a singular flair to his coursework, designed to combat “boring CPE.” With 30 years accounting experience and more than 10 as an AICPA peer reviewer, he’s as knowledgeable as he is thoughtful about his presentation. Read more about Jeff in our Instructor Spotlight and check …

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COVID-19 Relief for Taxpayers Claiming NOLs

TCJA made drastic changes to net operating losses (NOLs) by eliminating carrybacks, allowing only carryforwards, and limiting carryforwards to 80% of taxable income in the carryforward year. Then along came the coronavirus and Congress changed its mind in order to provide cash to virus-strapped businesses. The CARES Act amended §172(b)(1) to provide for a carryback …

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Guest Post: Financial Reporting and COVID-19

One of Western CPE’s most popular instructors, Jeff Sailor brings expertise and a singular flair to his coursework, designed to combat “boring CPE.” With 30 years accounting experience and more than 10 as an AICPA peer reviewer, he’s as knowledgeable as he is thoughtful about his presentation. Read more about Jeff in our Instructor Spotlight and check …

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SBA Releases “Interim Final Rule” on Paycheck Protection Program Loans

SBA Answers Questions in its “Interim Final Rule” on Paycheck Protection Program Loans Coronavirus has caused panics — panics over toilet paper, Lysol wipes, beans, and masks. But another panic has begun — the panic over Paycheck Protection Program Loans. Included in the CARES Act is a $349 billion forgivable loan program to help struggling …

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