January 21, 2021 8:00am – 11:30am Map & Directions 602-252-4144

Webcast: PPP Round Two and Other Year-End Tax Developments

Online registrations are currently closed, please call (602) 324-6847 for additional registration options

Description

Congress has yet again passed new legislation just before adjourning for the year, this time creating a brand new version of the Paycheck Protection Program loans, qualifying some businesses to obtain a second forgivable loan. In addition, another set of checks will be sent out to qualifying taxpayers under the recovery rebate program, though this time in a reduced amount. Attend this course to get up to speed on what has changed so you can advise clients on the impact of these issues, as well as ready yourself for 2020 income tax returns.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

7:30am

Fees

Member:
$160
Non-CPA Staff:
$210
Non-CPA Staff (100% club):
$160
Non-CPA Staff (sole proprietor):
$160
Non-Member:
$210
Webcast
4

Objectives

Participants will be able to:

  •  Assist clients applying for forgiveness of the first round of PPP loans.
  •  Explain to clients the eligibility requirements for the second round of PPP loans and changes in how the program operates.
  •  Advise clients on how the second round of payments to taxpayers under the recovery rebate program applies in their case.
  •  Understand other provisions contained in the tax law passed at the end of 2020 by Congress.

 

Course Level

Beginning

Vendor

Kaplan Development Group More With This Vendor

Designed For

Tax, accounting, financial professionals who want up-to-date information on the paycheck protection program (PPP) and other 2020 year-end tax developments.

Prerequisites

Basic auditing, accounting and tax experience.

Event Leaders

Zollars, Edward K.

Rating: 4.85


Edward K. Zollars, CPA, is in public practice in Phoenix, Arizona as a partner with the firm of Thomas, Zollars & Lynch, Ltd. He has been in practice for more than 35 years, specializing in tax issues for closely held businesses and individuals.

Zollars has been professionally involved with both tax and technology issues, combining the two disciplines in producing the Current Federal Tax Development Update Podcast and website, dealing with current tax issues. He has been a member of AICPA Tax Division Committees focusing on tax and technology issues and was the Tax Section’s representative on three occasions to the AICPA’s Top Ten Technologies project. He is also a member of the Phoenix Tax Workshop’s Advisory Committee and currently serves on the Tax Legislation Liaison Committee for the Arizona Society of CPAs. Zollars was selected as a Life Member by the Arizona Society of CPAs in May, 2010.

Along with writing, editing and presenting courses for Loscalzo Institute, Zollars has written articles published in Practical Tax Strategies and the Tax Adviser. He has been a frequent contributor to a number of professional tax discussion groups, and served as systems operator on the AICPA’s Accountants Forum in the mid-1990s.

He has spoken regularly on tax and technology topics since 1996, speaking before conferences sponsored by the AICPA and a number of state societies of CPAs.


More With Zollars, Edward K.

Highlights

  •  Modifications made to the original paycheck protection program loan program including the new streamlined forgiveness application for loans of $150,000 or less and full deductibility of expenses paid with PPP loan funds
  •  Details on the new program to allow certain small businesses to receive a second forgivable PPP loan including
          - What businesses are eligible to receive these loans, including how to calculate the revenue loss test
          - Applicability of the new program to small §501(c)(6) organizations
          - Expansion of types of forgivable expenses paid with PPP funds
  •  Requirements to receive a check in the second round of recovery rebate payments
  •  Temporary full deduction for business meals in 2021 and 2022
  •  Extenders included in the year end bill
  •  Other tax developments taking place since November

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