Courses

Surgent's Tax Compliance and Tax Changes Impacting 2021: Where We Are Now

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Member Price: $0.00 Non-Member Price: $0.00

Date/Time:: Jun 28, 2021, 10:00am–12:00pm
Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
Level:: Update

Advising tax clients in 2021 is particularly challenging because tax changes have come fast and furious over the past two years. It is hard to know, particularly after a tax season that never seems to end, which legislative changes are still applicable, which no longer apply, and which are only proposed. This program will enable practitioners to understand the tax changes that impact their clients in 2021, the changes that have expired for this year, and the ones that are currently proposed and may impact 2021 if enacted this year.

Objective

Understand tax changes that will, or potentially can, impact 2021 transactions

Highlights

Tax changes included in the American Families Plan that could, if enacted, impact 2021
Changes from the American Rescue Plan Act of 2021 that will impact 2021
Employer credits for paid sick and family leave in 2021
Small Business Administration programs for distressed businesses, including the latest on PPP loans and Restaurant Revitalization Grants
The Employee Retention Tax Credit for 2021 and its interaction with the PPP loan program
COBRA continuation coverage and other changes in health care benefits in 2021
Net operating loss rules for 2021
Other individual and business-related tax changes, enacted and proposed

Designed For

Tax practitioners who anticipate advising clients and preparing 2021 tax returns

Prerequisite

A basic understanding of the tax rules relating to individual income tax

Advanced Preparation

None