Kentucky Society of Certified Public Accountants

Overview

The American Rescue Plan Act of 2021 (ARPA) is just the last of a series of legislative acts and IRS notices, pronouncements and regulations that provide help in 2021 for businesses caught in the economic downturn that followed the COVID-19 pandemic. This program covers the most helpful planning strategies that businesses can use in 2021 to reduce or eliminate their tax liability.

Prerequisites

A basic understanding of the tax rules relating to individual income tax

Objectives

Advise business owner clients to adopt tax planning strategies that would reduce their tax liability based on recent legislation and recent IRS pronouncements

Highlights

Applying for PPP loan forgiveness
Utilizing the Employee Retention Tax Credit (ERTC) in 2021
The interaction of PPP loan forgiveness and the ERTC
Sick leave and family leave credits for businesses and self-employed individuals
Tax treatment of federal unemployment benefits
Restaurant Revitalization grants
Economic Injury Disaster loans
Increase in exclusion for employer-provided dependent care assistance

Register Now

Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:

SUS0076

2 CPE Credits

Tax: 2 Credits

Registration

Member Price:

$89

Non-member Price:

$119