Employee Retention
Tax Credit - ERTC

with Immediate Access to Worksheets, Flowcharts, Examples & IRS Links

ERTC - EMPLOYEE RETENTION TAX CREDIT

This will cover the latest developments of the ERTC, how to prepare Form 941-X as well as provide a guide to how to determine when an employer qualifies, what wages are included in the credit, step-by-step how to calculate the ERTC, how to go back to claim the ERTC, contingency fees, overview of the the 3 IRS Tax Notices & IRS Rev. Proc. released this year on the ERTC, aggregation rules, maximizing 100% PPP Loan Forgiveness with ERTC, related tax forms and properly reporting ERTC for tax purposes, as well as the timing of reporting.

Federal Business
Tax Update

CURRENT TAX DEVELOPMENTS AFFECTING BUSINESSES

This covers Federal business tax issues with the latest IRS developments affecting businesses, Inflation Reduction Act, what’s new in 2022, maxing out retirement, prior tax laws suspended now in play, properly accounting for QBI activities and related wages, the expanded information required on Schedule K-1, K-2, K-3s from Partnerships and S-Corporations, tax traps with more than one activity with at-risk basis and passive activities, the fine details of qualified improvement property (QIP), real estate depreciation, work opportunity tax credit, S-Corporation compensation issues under the rug, accountable plans, properly accounting for the major stimulus including the retroactive ERTC on Form 941-X, reporting tax credits, Cares act tax credits still available, tax-exempt income from PPP loan forgiveness and narrowing your scope of services related to PPP loan forgiveness.

Federal Individual
Tax Update

CURRENT TAX DEVELOPMENTS AFFECTING INDIVIDUALS

Discuss what we need to focus on with individual tax issues, cover the latest IRS developments, Inflation Reduction Act, self-employed tax credits, what’s new in 2022 compared to 2021, IRS tax pro accounts, recent Tax Court cases on individual tax issues, cancellation of medical debt taxation, new Form 1099-K tax issues, anticipated future IRS enforcement, anticipated IRS audit targeted issues, Form 7203 issues for S-Corp owners, tax basis considerations, controlling excess business losses, strategy for NOLs, PPP loan forgiveness lingering issues properly accounting for tax-exempt stimulus income, and the net investment tax.

Federal Tax Update
Business & Individual

LATEST TAX ISSUES RELATED TO BOTH INDIVIDUAL & BUSINESS

This covers both business and individual tax issues.  This covers Federal business and individual tax issues with the latest IRS developments affecting businesses, Inflation Reduction Act, what’s new in 2022, maxing out retirement, prior tax laws suspended now in play, properly accounting for QBI activities and related wages, the expanded information required on Schedule K-1, K-2, K-3s from Partnerships and S-Corporations, tax traps with more than one activity with at-risk basis and passive activities, the fine details of qualified improvement property (QIP), real estate depreciation, work opportunity tax credit, S-Corporation compensation issues under the rug, accountable plans, properly accounting for the major stimulus including the retroactive ERTC on Form 941-X, reporting tax credits, Cares act tax credits still available, tax-exempt income from PPP loan forgiveness and narrowing your scope of services related to PPP loan forgiveness.  Discuss what we need to focus on with individual tax issues, cover the latest IRS developments, self-employed tax credits, what’s new in 2022 compared to 2021, IRS tax pro accounts, recent Tax Court cases on individual tax issues, cancellation of medical debt taxation, new Form 1099-K tax issues, anticipated future IRS enforcement, anticipated IRS audit targeted issues, Form 7203 issues for S-Corp owners, tax basis considerations, controlling excess business losses, strategy for NOLs, PPP loan forgiveness lingering issues properly accounting for tax-exempt stimulus income, and the net investment tax.