CPAR Taxes

CPAR - 2021/February, Seg 4 - Tax Implications of the CAA 2021, Qualified Retirement Plan, Fringe Benefits and More

The Consolidated Appropriations Act (CAA) 2021 contains a number of provisions meant to provide relief to businesses impacted by the COVID-19 pandemic. In addition to the second round of Paycheck Protection Program loans, Congress extended and revised the key payroll tax credits found in the Families First Coronavirus Relief Act (FFCRA) and the CARES Act. The CAA 2021, enacted at the end of December 2020, made a number of important tax changes for individuals and businesses. Barbara Weltman, president of Big Ideas for Small Business, gives us an overview of the 2021 Act. But the stimulus package was not the only development we need to recognize. Barbara also discusses the final regulations issued by the IRS on QPLOs, changes in fringe benefits and more.

Learning Objectives:

  • Understand the changes to the Paycheck Protection Program and the related tax rules;
  • Identify the extensions and expansions provided under the Consolidated Appropriations Act 2021;
  • Determine the unemployment benefits offered under the Consolidated Appropriations Act 2021; and
  • Identify the changes to the earned income tax credit, itemized deductions and disaster relief.


Prerequisites/Advanced Preparation:

Work experience in tax planning or tax compliance, or an introductory course in taxation.


Speaker / Author:

Barbara Weltman, President of Big Ideas for Small Business

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Price (USD)

Standard: $69.90

Details

Course Code : CPAR1502-FM

Release Date : 03/01/2021
Expire Date : 04/02/2022
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes


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