W132: Tax Implications of the Cares Act

Title Tax Implications of The Cares Act
Date: Tuesday, December 29, 2020
Time: 12:00 Noon – 1:30 pm (EASTERN TIME)
Course Description 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. Learn of tax implications of provisions of the CARES Act and FFCRA and beginning planning for year end.
Instructor Name and Bio: Jennifer Eubanks

Jennifer is a Certified Public Accountant and holds a Master of Science in Accounting. She’s also earned her CGMA designation and CMA certification. Jennifer is board member for the George Mason School of Business Center for Government Contracting and has been a guest speaker at George Mason University (her alma mater). In addition, she’s a Cohort of the Goldman Sachs 10,000 Small Business Program and member of the Greater Reston Chamber of Commerce, the Small and Emerging Contractors Advisory Forum (SECAF), the AFCEA professional association, the Vistage® CEO network, the Institute of Management Accountants (IMA®), the American Institute of CPAs (AICPA), and the Virginia Society of CPAs (VSCPA). Jennifer was nominated a Top Financial Professional by Northern Virginia Magazine in 2016, 2018, 2019 and 2020.  Jennifer previously served as Controller of a non-profit organization and CFO of an Industry Association.

Level Beginner
CPE (NASBA Category) Taxes
CAE (Field of Study) Administration – Financial Management
Prerequisites None, but at least 1-year of accounting experience in public or private nonprofit practice is preferred
Reviewer Wade Tetsuka, CPA

Bio: https://www.linkedin.com/in/wadetetsuka/

Delivery Group Live presented online due to Covid-19
CPE / CAE Credits 1.5
Cost: $–
Learning Objectives Nondeductibility of PPP-Related Expenses
Reconciling Stimulus Rebates on 2020 Tax Returns
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
CARES Act Depreciation Rules for Qualified Improvement Property –
Retroactive 100% First-year Bonus Depreciation
CARES Act Interest Deduction Limitation Reduced
FFCRA Payroll Tax Credits for Coronavirus Paid Sick and Family


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