Materials Provided​

After signing up and paying for the seminar, you will receive an email with the seminar's Zoom link as well as a link to a private webpage that will contain the course materials.   

• Zoom link to the seminar emailed to you immediately after signing up and paying.

• Seminar slides in pdf format.  30 minutes before the start of the seminar, a link will be added to the webpage to download your copy. You will receive a link to that private webpage immediately upon signing up and paying for the course.

• Link to re-watch the seminar for until 6/30/23, provided 48 hours after the seminar ends.  NO CPE can be earned by re-watching the video.  You must attend live to receive CPE credit.

• GET INSTANTLY BELOW

• OVER 20 SEMINAR VIDEOS (NOT FOR CPE)

• OVER 8 HOURS OF SEMINAR VIDEOS

• 300+ PAGE SEMINAR POWERPOINT

• 2020 & 2021 ERTC FLOWCHARTS

• ERTC CALCULATION EXAMPLES 2020 & 2021

• EXECUTIVE SUMMARY OF ERTC 

• FIVE (5) EXCEL SPREADSHEETS 

• EXCEL: CALCULATE 2020 & 2021 ERTC CREDIT

• EXCEL: CALCULATE ERTC GROSS RECEIPTS TEST

• EXCEL: CALCULATE ERTC TOTAL EMPLOYEE COMPENSATION 

• EXCEL: CALCULATE HOW TO MAXIMIZE ERTC & PPP FORGIVENESS 

• EXCEL: CALCULATE ECONOMIC VALUE PPP vs. ERTC

• ALSO, ALL IN ONE PLACE FOR YOU: LINKS TO THE LATEST ERTC RELATED TAX FORMS & INSTRUCTIONS, SPECIFIC IRS FAQs REFERENCED AND RELATED TO ERTC.

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Major Topics

• Overview of ERTC, and the mechanics of how to properly calculate the ERTC

• Form 941-X due dates

• Mapping out the ERTC rules for 2020, and 2021

• Compare ERTC rules from 2020 to 2021

• Address ERTC issues to clarify common confusions

• When, where, how to report ERTC for tax purposes

• Contingency fees related to ERTC per AICPA & IRS

• When do wages for business owners, spouses and family qualify for ERTC

• Major overview of the 4 ERTC IRS Notices

• Major matters not to forget with ERTC

• 2020 ERTC: Specifics to government closures, gross receipts test, employer size, example ERTC calculation

• 2021 ERTC: Specifics to government closures, gross receipts test, employer size, example ERTC calculation

• Gross receipts test examples for 2020 and 2021

• ERTC aggregation rules

• Employer size calculation for 2020 and 2021

• How ERTC qualified wages includes employer paid health insurance

• Calculation examples of qualified wages plus employer paid health insurance

• Overview of current payroll tax forms related to ERTC (Forms 7200, 941 & 941-X)

• Step by step how to complete Form 941-X for ERTC purposes

• Step by step how to complete Worksheets 2 & 4 for Form 941-X

• Overview of items to complete on Form 941-X

• NOTE:  On ERTC materials page you will find 941-X instructions highlighted for the areas that apply to ERTC

• Comparing ERTC to PPP related to major common payroll items

• Biggest misconceptions when calculating ERTC with PPP loan forgiveness

• Strategy of properly maximizing ERTC and PPP loan forgiveness

• IRS and SBA interactions common to ERTC in conjunction with PPP loan forgiveness

• Best practice to achieve maximum ERTC and PPP loan forgiveness

• How to approach ERTC if you already received PPP loan forgiveness

• The mechanics of ERTC and PPP

• Example calculations of maximizing ERTC and PPP

• Highlight major ERTC tax law from the CARES Act

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Learning Objectives

• Learn how to identify an employer that qualifies for ERTC, and its employees

• Learn how to properly calculate ERTC.

• Learn how to report ERTC.

• Learn how to get the economic benefit of ERTC.

• Learn what tax laws have changed with these topics

• Learn to better understand recent tax law changes of these topics and how they may apply to you or your clients circumstances

• Learn more about these topics to better serve your clients with expanded and up-to-date information

• Learn of the effective dates of law changes

• Learn about the possibility of charging contingency fees for these services

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Prerequisites

Participants should be familiar with Federal tax issues for various entities

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Advanced Preparation

None

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Technology Requirement

Access and ability to watch a live Zoom broadcast.

Zoom has a free version. To set up your Zoom account, CLICK HERE.  To be re-directed to the Zoom website for more information, CLICK HERE

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When will I get my CPE certificate of completion?

Within 3 business days of you providing the required words to help@jjthecpacpe.com.  This is a live format, and requires your attendance during the time designated. CLICK HERE for more information.

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What if You Don't Need CPE

You do NOT need to be a CPA, EA or tax professional to attend this seminar.  It is open to the public.  If you don't need to earn CPE, then the below does not apply to you.

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AICPA CPE Requirements

This CPE program sponsor has prepared and will present this course in accordance with The Statement of Standards for Continuing Professional Education (CPE) Programs jointly issued by the American Institute of Certified Public Accountants (AICPA) and the National Association of State Boards of Accountancy (NASBA).  This CPE provider is NOT registered with NASBA at this time.  CLICK HERE for a copy of these Standards.

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NASBA Disclosure

This CPE program sponsor is NOT registered with the National Associate of State Boards of Accountancy (NASBA) at this time.  CPE program sponsors are not required to be registered with NASBA to provide qualifying CPE.  CPE credit can qualify as such for CPAs provided that the AICPA and NASBA standards (aforementioned) are followed.  CLICK HERE for a list of all 50 states with a link to its CPE requirements to review your state CPE requirements.

 

Your State CPE Requirements

State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  CLICK HERE for a list of all 50 states with a link to each states CPE requirements for CPAs.  Review your states CPA CPE requirements.  Some states require your provide the CPE program sponsors "state" ID.  This CPE Program sponsor does not have any specific state IDs at this time.  This CPE program sponsor has no separate state ID number for Illinois, New York, New Jersey, Ohio, Texas or Pennsylvania.

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IRS Enrolled Agents

This CPE seminar is NOT registered with the IRS, and therefore would not qualify as CPE for Enrolled Agents requiring IRS registration.  That will be available in 2022, after it is announced.  CLICK HERE for further IRS information for Enrolled Agents CPE.

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Licensed CPAs in Illinois, New York, New Jersey, Ohio, Texas,  Pennsylvania

NO SEPARATE STATE SPONSOR ID FOR THESE STATES IS AVAILABLE AT THIS TIME WITH THIS  CPE PROGRAM SPONSOR

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Can Attorneys, Insurance Agents or CFPs Obtain CLE/CE Credit?

No.  None of these courses provide CLE for attorneys, CE for Insurance Professionals or CE for Certified Financial Planners