Small Business Adviser - Planning Strategies in the Current Environment

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Course

Small Business Adviser - Planning Strategies in the Current Environment

Instructors: David Peters; Mr. Hesse

  • Format

    Course - Online

  • Level

    Intermediate

  • Duration

    10h 30m

Small Business Adviser -- Planning Strategies in the Current Environment course discusses applicable legislation, government programs, IRS guidance, including credits, deductions and limitations, to support small business clients during this time. This course deep dives into payroll continuity and the Payroll Protection Program, select tax provisions of the CARES Act and state tax considerations.

Learning outcomes

  • Analyze the Tax Cuts and Jobs Act provision limiting excess business losses (EBLs) under Section 461(l).
  • Determine the significance of the change in the EBL provision for wages.
  • Determine when an individual taxpayer has a net operating loss.
  • Differentiate between qualified improvement property and other depreciable improvements.
  • Identify the key components of the CARES Act.
  • Apply the requirements for PPP loan forgiveness.
  • Identify recent developments related to PPP loans.
  • Identify the key issues currently being debated regarding payroll tax deferral.
  • Analyze the implications of the CARES Act on payroll taxes.
  • Determine the eligibility requirements for payroll tax deferral.
  • Determine the key tax implications for companies that have employees working from home.
  • Identify the tax implications of selling an owned office space and keeping an owned office space.
  • Calculate the tax implications of a Section 467 lease with different payment structures.
  • Analyze the current issues at the state level with regard to conformity with the CARES Act.
  • Calculate the benefit a client could expect to receive from applying R&D credit provisions
  • Identify COVID-19 impact on R&D credit availability and future benefit.

£349.00 (CIMA members only)

£389.00

VAT calculated on checkout

Product information

Overview

Be the expert on small business planning strategies for today’s environment

This course is part of the Small Business Adviser program course. Earn a badgewhen you complete both courses.

Planning Strategies discusses applicable legislation, government programs, IRSguidance, including credits, deductions, and limitations to support small business clients during this time. This course dives deeply into payroll continuity and the Paycheck Protection Program, select tax provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act and state tax considerations.

The content is designed to assist current CPAs who are working with small- to mid-tier business clients in making themselves invaluable beyond tax and accounting related matters. This will then help them become overall business advisers to their clients in these challenging times.

Through this course, you will gain invaluable knowledge to create a well-rounded understanding of most major client concerns and propel you to become an overall business adviser for your clients.

Along with a general discussion of important topics, this course is littered with signposts that will point you in the direction of further research and ultimately make you even more valuable to both new and existing clients.

Key Topics:

  • Paycheck Protection Program
  • Selected Tax Provisions of the CARES Act
  • R&D Credits
  • Evolving Workplace
  • State and Local Considerations

Who should take this course?

  • CPAs in private practice
  • Tax professionals
  • Other qualified professionals
  • Sole practitioners
  • Small business owners

Professional development

This Course - Online offers 10.5 hours of CPE credit.
Note on CPE Requirements and Credits
All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Prerequisites:None
Programme level:Intermediate
Duration:10h 30m
Format:Course - Online
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£349.00 (CIMA members only)

£389.00

VAT calculated on checkout

Instructors

  • David Peters

    David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fifteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. He is a national CPE Instructor and Discussion Leader for the AICPA, Kaplan, and Surgent, and was a recipient of Surgent’s 2019 Outstanding Discussion Leader award. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States.

  • Mr. Hesse

    Mr. Hesse is a principal in the National Tax Office of CliftonLarsonAllen LLP (CLA) focusing on domestic federal income tax issues. He has 40 years of tax experience in public accounting and more than 35 years of speaking and training experience. His career includes extensive writing, analysis services, and testifying before Congressional and legislative committees on tax policy matters. Mr. Hesse currently serves as the chair of the AICPA Tax Executive Committee and a member of AICPA National Tax Conference planning committee. Chris is an author and instructor of CLA’s Tax Advisors Update, an annual compilation of court cases, rulings, and other authorities created by practitioners for practitioners.

Accessibility

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The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.