1:00 pm - 2:30 pm (EASTERN TIME)
The CARES Act is the largest economic relief bill in US history, allocating $3 trillion to support individuals and businesses through the
pandemic and economic downturn. On December 28, 2020 another stimulus bill was signed into law which expanded the scope of the CARES Act. Learn about the tax implications of provisions of the CARES Act, FFCRA, and the stimulus bill and in particular how it will impact your organization in 2020, 2021 and beyond as an Association, Nonprofit, including 501(c)3 and 501(c)6 organizations.
- How the stimulus bill will expand the scope of the CARES Act.
- Tax Treatment of PPP-Related Expenses
- CARES Act Employee Retention Payroll Tax Credit & Paycheck
- Protection Program (PPP)
- CARES Act Payroll Tax Deferral
- CARES Act Net Operating Loss (NOL) – Retroactive Carry Back Permitted
- Other provisions and clarifications due to the stimulus bill
|Level||Intermediate||Delivery||Group live presented online due to COVID-19|
|CPE(NASBA Category)||Taxes||Reviewer||Wade Tetsuka, CPA|
|CAE (Field of Study)||Administration – Financial Management||CPE/CAE Credits||1.5|
|Prerequisites and advance preparation needed||None, but at least 1-year of accounting experience in public or private nonprofit practice is preferred||Cost||free|
U.S Transactions Corp. 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