Rhode Island CPAs – Don Farmer’s The Consolidated Appropriations Act, 2021

Description

Featuring Instruction from Walter Nunnallee

Walter Nunnallee’s upcoming presentation will analyze the key provisions of the 5,593 page consolidated appropriations act

On December 27, 2020, the President signed the Consolidated Appropriations Act of 2021 (CAA). CAA continues Federal unemployment benefits, provides another round of stimulus checks, extends and expands the Paycheck Protection Program (PPP) Loan Program, provides guidance and new relief for PPP Loan forgiveness, and extends a long list of tax provisions scheduled to expire after 2020.

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Major Topics

The following are just some of the topics Walter will review in his CAA presentation:

  • PPP Loan Modifications Including 2nd Round Loans and Deductibility of Expenses Related to PPP Loan Forgiveness
  • New Simplified Forgiveness Procedures for PPP Loans of $150,000 or less
  • New Expenses Qualifying for Forgiveness
  • New Covered Periods for Determining PPP Loan Forgiveness
  • Retroactive Increase in Loan Amounts for Farmers, Ranchers, and Pthers
  • New Entities That Can Obtain a PPP Loan (e.g., 501(c)(6) Organizations, Housing Cooperatives, News Organizations, Etc.)
  • A New Round of Economic Impact Payments (Stimulus Checks)
  • Extension of Sick and Family Leave Employer Credits
  • Expanded Opportunity for Self-Employed Individuals to Qualify for the Sick/Family Leave Equivalent Credits
  • New Pro-Taxpayer FSA Provisions
  • Increased Business Deduction for Food and Beverages
  • Increased Charitable Contribution Deduction
  • Modification Of NOL Carryback Rules for Farmers
  • Expanded Opportunity to Qualify for the EITC and Child Tax Credits
  • Extension and Expansion of Employee Retention Credit
  • Extension of 30+ Tax Breaks Scheduled to Expire or to be Reduced After 2020
  • Benefits For Victims of 2020 Qualified Disasters
  • Extension of EIDL Loan Program and Tax-Favored Treatment of EIDL Grants
  • Additional Payments of Principal and Interest on Certain SBA loans, and more
Provider
Don Farmer Seminars
Course Level
Update
Professional Area of Focus
Tax
CPE Field of Study
Taxes
4
Who Should Attend

Accounting and Finance Professionals

Instructor(s)
Walter Nunnallee
Prerequisites

Working knowledge of taxes

Advanced Preparation

None

Location
Live – Online Webcast
Sponsors
Register Now
When
Jan 22, 2021
8:00 am - 11:30 am EDT
Location
Live – Online Webcast
Total CPE Credits
4
Format
Live Webcast

MEMBER


$ (% off)
$150.00

NON-MEMBER


$ (% off)
$200.00

Register for this Event

Rhode Island CPAs – Don Farmer’s The Consolidated Appropriations Act, 2021


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