Two Live Webinars: A Rundown of the American Rescue Plan of 2021 (3/23) and State Tax Issues During the Pandemic (3/24)
Live event participants can earn up to 2 CPE credit in the Taxes field of study.
Program description: Join members of CohnReznick’s State and Local Tax practice for an informative and entertaining discussion highlighting several of the most common issues and questions our clients are facing today.
Program level:
- March 23: Intermediate
- March 24: Intermediate
Prerequisites:
- March 23: Current or past experience with taxation planning and/or implementation issues
- March 24: Current or past experience with state and local tax related issues
Advanced Preparation: None
Topics to be discussed include:
The American Rescue Plan, and What You Need to Know…Now!
- Review of the President’s first major legislative achievement and the road ahead as a narrowly divided Congress faces budget and spending deadlines.
- What the Byrd Rule means for the use of reconciliation and infrastructure spending.
- Overview of the Earned Income Tax Credits, certain public company excessive employee remuneration, and reporting requirements for third-party payment processors
- Economic Injury Disaster Loan (EIDL) Advances
- The Restaurant Revitalization Fund - who is eligible, how the program works, and more
- Expansion of Paycheck Protection Program (PPP) eligibility and increase in funds
- Extension of the Employee Retention Credit (ERC) and the federal payroll tax credit for voluntary FFCRA paid leaves
- Temporary COBRA relief for certain terminated employees
- Expansion of the public company $1M compensation deduction limit
State Tax Issues During the COVID-19 Pandemic
- Remote workforce issues affecting businesses and employers, including nexus and apportionment, withholding, registration, and compliance obligations
- Telecommuting and virtual workforce issues affecting individuals, including withholding, residency, “convenience” rules, nonresident allocation, and credits for taxes paid to other states
- Pass-through entity (PE) taxation, including a high-level overview of what PE taxes are, the differing state treatments for those jurisdictions that administer a PE tax, how they work, and whether an individual (PE Owner) can claim a state tax credit for taxes paid by the entity
Instructional Delivery Method: Group Internet Based
Who Should Attend: Those interested in learning more about the American Rescue Plan Act of 2021 and common state and local tax issues that have arisen during the COVID-19 pandemic.
CohnReznick LLP 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 board of accountancy have final authority on the acceptance of individual courses for CPE credits. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
ON-DEMAND
