CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

All New and Current customers who purchase the Premium, Plus, or Core (Total Value Package) 2021 Federal Tax Update or the 2021 Federal and California Update will get the Tax Advisory Complement Bundle for free.

NOTE:

  • New Federal Tax Update customers will get an immediate email with a coupon code for the free course once their Tax Update purchase is complete.
  • Current Customers that purchased the Premium, Plus, or Core (Total Value Package) 2021 Federal Tax Update will get an email with a coupon code to get the Tax Advisory Complement Bundle for free.

2021 Business Tax Update

Icon_Level
Update
Credits
CPE Credits
6 Credits: Taxes

Course Description

Combining the real-life experience of a practicing CPA with essential down-to-earth tax materials in a high-tech format, this powerful presentation will enable participants to quickly understand and implement tax reform changes and review IRS and Court actions affecting 2020 business tax returns. You’ll receive the most complete and up-to-date reference manual, written by renowned tax experts Vern Hoven and Sharon Kreider. The digital PDF manual is hyperlinked to the Internal Revenue Code, tax court decisions, and other primary authorities, making it extremely convenient. Join us as our world-class tax instructors share cutting-edge tax planning strategies in a high energy,

often humorous presentation style using real-life experiences, which make complicated business tax topics easily understandable. Specific course topics will be announced and updated through year-end.

 

Highlights include:

  • Key provisions of new legislation passed to assist businesses during the coronavirus shut down.
  • Avoidance of huge Obamacare Form 226-J penalties.
  • Problems with Paycheck Protection Program Loan forgiveness.
  • Review of 2020 clarifications to the QBI deduction including Forms 8995 and 8995-A.
  • CARES retroactive changes to 163(j) interest deduction, Net Operating Losses, and §461(l) excess business losses.
  • CARES Act payroll credits and deferrals.
  • Discussion of the pros and cons of the opportunity zone fund investment.
  • Details of the expanded Sick leave and family leave credits.
  • Comparison of the §179 and the bonus depreciation deduction.
  • Tax Cuts and Jobs Act changes.
  • New business tax planning ideas after tax reform!
  • Find answers to your client’s questions on 20% Qualified Business Income deduction.
  • Do you know who benefits, and who doesn’t benefit, from the 20% QBI deduction?
  • Understand how the three QBI deduction limitations work!
  • What is the best entity for your client to choose after the 20% QBI deduction?
  • Is the sole proprietorship the right choice for some clients?
  • Is and LLC better than an S corporation?
  • When is the S corporation the right choice when the QBI deduction is considered?
  • Will converting to a closely-held C corporation reduce taxes? Most likely not!
  • How does the §179 expensing deduction and 100% bonus depreciation change business purchases! Which is better?
  • When does a new roof qualify for expensing?
  • Our clients must separate entertainment expenses from business meals now! Why?
  • How did luxury car depreciation limits change? Great news for many!
  • How has the NOL deduction been limited?
  • Can business losses be too big to use? Tragically, yes!
  • Does the new family leave credit benefit individuals? Businesses? Yes, to both.
  • Did accounting methods change for my clients?
  • Learn the latest ACA ‘Repeal and Replace’ developments and how these proposals impact large and small businesses.
  • Know the impact of marijuana taxation as states legalize its sale.
  • Identity scams hitting employers.
  • How will the IRS budget allocations to new law implementation affect your clients and you?
  • What are the top 10 most litigated tax issues? Is your client a target?
  • Know the impact of employee misclassification.
  • What is corporate reasonable compensation and what is new?
  • What are the tax issues for the ‘sharing economy’?

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify characteristics of new legislation passed to assist businesses during the coronavirus shut down.
  • Identify various thresholds and limitations in effect for 2021 related to the application of tax rules for businesses.
  • Cite the general rules and regulations for preparation of business returns.
  • Identify changes and updates as a result of TCJA and the resulting guidance.
  • Convey details of the Affordable Care Act (ACA).
  • Recognize opportunities to use business credits.
  • Summarize the different types of business retirement plans, assessing contribution limits, elective deferral limitations, and prohibited transactions.
  • Compare qualified Roth contribution plans, SEPs, SIMPLE IRAs, and 401(k) plans, identifying the rules on loans to participants and hardship distribution rules to ensure compliance with tax regulations.
  • Discuss income subject to self-employment tax and withholding from wages and assess the impact of various withholding and wages issues.
  • Determine the difference between an independent contractor and an employee and examine subsequent reporting requirements.
  • Prepare federal tax returns for C corporations.
  • Prepare federal tax returns for S corporations.
  • Understand federal changes and new rulings.
  • Provide tax services for clients based on IRS practice and procedure provisions.
  • Describe new developments in IRS policies and procedures.
  • Identify the requirements of filing an offer in compromise (OIC).

Course Specifics

Course ID
21CNaples-LE20226995
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01801-21-I
IRS Federal Tax Update Credits: 6
CFP Provider Number: 3199
CFP Course Number: 292834
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1591
CTEC Federal Tax Update Credits: 6

Course Instructor

Sharon Kreider Headshot
Sharon Kreider, CPA

Sharon Kreider, CPA, has helped more than 15,000 California tax preparers annually get ready for tax season. She also presents regularly for the AICPA, the California Society of Enrolled Agents, CCH Audio, and Western CPE. You’ll benefit from the detailed, hands-on tax knowledge Sharon will share with you—knowledge she gained through her extremely busy, high-income tax practice in Silicon Valley. With her dynamic presentation style, Sharon will demystify complex individual and business tax legislation. She’s a national lecturer for business and professional groups and consistently receives outstanding evaluations. In 2014, she was awarded the prestigious AICPA 2014 Sidney Kess Award …

Sharon Kreider, CPA Read More »

2021 Business Tax Update

Expert Instructors
CPE CREDITS
6 Credits: Taxes

$590.00

Availability: 12 in stock

Icon_Level
Update
Credits
CPE Credits
6 Credits: Taxes

Course Description

Combining the real-life experience of a practicing CPA with essential down-to-earth tax materials in a high-tech format, this powerful presentation will enable participants to quickly understand and implement tax reform changes and review IRS and Court actions affecting 2020 business tax returns. You’ll receive the most complete and up-to-date reference manual, written by renowned tax experts Vern Hoven and Sharon Kreider. The digital PDF manual is hyperlinked to the Internal Revenue Code, tax court decisions, and other primary authorities, making it extremely convenient. Join us as our world-class tax instructors share cutting-edge tax planning strategies in a high energy,

often humorous presentation style using real-life experiences, which make complicated business tax topics easily understandable. Specific course topics will be announced and updated through year-end.

 

Highlights include:

  • Key provisions of new legislation passed to assist businesses during the coronavirus shut down.
  • Avoidance of huge Obamacare Form 226-J penalties.
  • Problems with Paycheck Protection Program Loan forgiveness.
  • Review of 2020 clarifications to the QBI deduction including Forms 8995 and 8995-A.
  • CARES retroactive changes to 163(j) interest deduction, Net Operating Losses, and §461(l) excess business losses.
  • CARES Act payroll credits and deferrals.
  • Discussion of the pros and cons of the opportunity zone fund investment.
  • Details of the expanded Sick leave and family leave credits.
  • Comparison of the §179 and the bonus depreciation deduction.
  • Tax Cuts and Jobs Act changes.
  • New business tax planning ideas after tax reform!
  • Find answers to your client’s questions on 20% Qualified Business Income deduction.
  • Do you know who benefits, and who doesn’t benefit, from the 20% QBI deduction?
  • Understand how the three QBI deduction limitations work!
  • What is the best entity for your client to choose after the 20% QBI deduction?
  • Is the sole proprietorship the right choice for some clients?
  • Is and LLC better than an S corporation?
  • When is the S corporation the right choice when the QBI deduction is considered?
  • Will converting to a closely-held C corporation reduce taxes? Most likely not!
  • How does the §179 expensing deduction and 100% bonus depreciation change business purchases! Which is better?
  • When does a new roof qualify for expensing?
  • Our clients must separate entertainment expenses from business meals now! Why?
  • How did luxury car depreciation limits change? Great news for many!
  • How has the NOL deduction been limited?
  • Can business losses be too big to use? Tragically, yes!
  • Does the new family leave credit benefit individuals? Businesses? Yes, to both.
  • Did accounting methods change for my clients?
  • Learn the latest ACA ‘Repeal and Replace’ developments and how these proposals impact large and small businesses.
  • Know the impact of marijuana taxation as states legalize its sale.
  • Identity scams hitting employers.
  • How will the IRS budget allocations to new law implementation affect your clients and you?
  • What are the top 10 most litigated tax issues? Is your client a target?
  • Know the impact of employee misclassification.
  • What is corporate reasonable compensation and what is new?
  • What are the tax issues for the ‘sharing economy’?

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify characteristics of new legislation passed to assist businesses during the coronavirus shut down.
  • Identify various thresholds and limitations in effect for 2021 related to the application of tax rules for businesses.
  • Cite the general rules and regulations for preparation of business returns.
  • Identify changes and updates as a result of TCJA and the resulting guidance.
  • Convey details of the Affordable Care Act (ACA).
  • Recognize opportunities to use business credits.
  • Summarize the different types of business retirement plans, assessing contribution limits, elective deferral limitations, and prohibited transactions.
  • Compare qualified Roth contribution plans, SEPs, SIMPLE IRAs, and 401(k) plans, identifying the rules on loans to participants and hardship distribution rules to ensure compliance with tax regulations.
  • Discuss income subject to self-employment tax and withholding from wages and assess the impact of various withholding and wages issues.
  • Determine the difference between an independent contractor and an employee and examine subsequent reporting requirements.
  • Prepare federal tax returns for C corporations.
  • Prepare federal tax returns for S corporations.
  • Understand federal changes and new rulings.
  • Provide tax services for clients based on IRS practice and procedure provisions.
  • Describe new developments in IRS policies and procedures.
  • Identify the requirements of filing an offer in compromise (OIC).

Course Specifics

Course ID
21CNaples-LE20226995
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01801-21-I
IRS Federal Tax Update Credits: 6
CFP Provider Number: 3199
CFP Course Number: 292834
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1591
CTEC Federal Tax Update Credits: 6

Course Instructor

Sharon Kreider Headshot
Sharon Kreider, CPA

Sharon Kreider, CPA, has helped more than 15,000 California tax preparers annually get ready for tax season. She also presents regularly for the AICPA, the California Society of Enrolled Agents, CCH Audio, and Western CPE. You’ll benefit from the detailed, hands-on tax knowledge Sharon will share with you—knowledge she gained through her extremely busy, high-income tax practice in Silicon Valley. With her dynamic presentation style, Sharon will demystify complex individual and business tax legislation. She’s a national lecturer for business and professional groups and consistently receives outstanding evaluations. In 2014, she was awarded the prestigious AICPA 2014 Sidney Kess Award …

Sharon Kreider, CPA Read More »

2021 Business Tax Update

Expert Instructors
CPE CREDITS
6 Credits: Taxes

$590.00

Availability: 12 in stock