Event Detail

PPP Loan Forgiveness, ERC & Form 941X for 2020 & 2021 after Notice 2021-49

Description:

On-line registration is closed for this event. <?xml:namespace prefix="o" />

To register, please call RISCPA at 401-331-5720 or email

 riscpamembers@riscpa.org

This is a 4-hour live video conference (4 CPE credits) led by Lucien P. Gauthier, Esq., LL.M., CPA, who has been a practicing tax attorney for over 50 years.

Live Zoom Video Conference: September 21st, 1pm-4:30pm ET

Topics include how to integrate the application for the forgiveness of a First Draw or Second Draw PPP Loan with Form 941-X for the employee retention credit (ERC) for the second, third, and fourth quarters of 2020 and the first quarter of 2021 using nonpayroll costs first, non-FICA wage payroll costs second, and FICA wage payroll costs last in order to squeeze the last dollar out of both PPP loan forgiveness and the ERC by filling out lines 26, 30, 33a, and 37 of Form 941-X correctly, led by an instructor who actually has done this for at least one client as opposed to the clones (sometimes pronounced like the word clowns) who merely talk about how to do this analysis but who have not actually done it from A-Z for a particular client. Lastly, new Notice 2021-49 will be discussed!

Also discussed is the reduction in the deduction for wages paid which is required by Section 280C for the taxable year that the ERC is earned (as opposed to the taxable year that the ERC is refunded).

Highlights:

Taxes

Objectives:

After completing this program, participants will be able to discuss with clients all the relevant provisions of the ERC updated through Notice 2021-23.

Prerequisites:

 

Notes:

Boston Tax Institute, Ltd. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org We will be asking polling questions during the conference to verify participation for those needing NASBA certification.

Designed For:

CPA, EA, Attorney, CFP, or other practitioners with 2 or more years of work experience and some familiarity with the subject matter

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