Coronavirus Stimulus and Advising Clients - April 10, 2020

This session will enable attendees to do early planning with clients around the tax and stimulus provisions of The Coronavirus Aid, Relief and Economic Security (CARES) Act, signed into law March 27, 2020, The Families First Coronavirus Response Act (H.R. 6201), signed into law, March 18, as well as tax relief implications of other coronavirus tax and stimulus changes.  This session will provide important information to advise and help clients navigate business disruption. Jackie Meyer, CPA, CTC, Steve Eubanks, EA and Mike D’Avolio, CPA, JD will share what is known today about the new legislation, as well as identify areas we still need additional guidance from agencies.  Jackie and Steve will share best practices for communicating with clients.[FS1] [BJ2]  Attendees will be equipped with resources [FS3] to monitor as legislation is implemented. 

 

           Learning objectives:

            By completing this webinar, you will be able to advise your clients on topics such as:

·         Extended Filing Date, Estimates, Tax Payments

·         Individual Stimulus Payments

·         Expanded Unemployment  Benefits under CARES

·         Employer’s Retention Credit under CARES

·         Payroll Credits for Sick Leave  under FFCRA

·         Other Business Relief  under CARES

·         Employer Payroll  Tax Deferral  under CARES

·         Paycheck Protection  Program (PPP)

·         Economic Injury Disaster Loan  (EIDL)

·         Various other tax topics and planning opportunities

 

Who should attend?

Anyone who prepares tax returns and serves taxpayers or business clients. 

 

Course Level: Intermediate

Course Length:  120 Minutes

Prerequisites:  “CARES Act and Tax Legislation Update” 

Delivery Method: Group-Live Internet

Field of Study: Specialized Knowledge and Applications

Recommended CPE: 2

Recommended CE: 2

IRS Course ID: Federal Tax Law Topics/ Federal Tax Related Matters

Online: NESGF-T-00113-20-O

In Person: NESGF-T-00113-20-I 
 [FS1]What does this mean? For instance, hosting a town hall webinar, sharing some education in newsletters, what to personalize, etc. Like TCJA, clients are overwhelmed with news stories and trying to parse what works or applies to them is time consuming.
 [BJ2]
 [FS3]What does this mean? We will not have all the answers, and some info will change, so we want to provide links to resource centers and authoritative repositories like IRS Covid, TPC Resource Center, etc.