1 hour for CPAs
1 hour Federal Tax Law Updates for EAs and OTRPs
1 hour Federal Tax Updates for CTEC
Among several tax changes in the CARES Act are two providing payroll tax relief for many employers. This webinar explains the employee retention payroll tax credit and the delay for depositing payroll taxes. These rules interact with other credits and tax rules as well as the Families First Coronavirus Response payroll tax credits. Examples and planning considerations are also covered.
Publication Date: May 2020
COVID‐19 Legislative and Administrative Overview
Payroll tax relief in CARES Act
Employee retention payroll tax credit
Delay for payment of payroll taxes
Relevance to other provisions including Families First Coronavirus Response payroll tax credits
Examples, open issues and planning considerations throughout
Identify payroll tax relief for employers in the CARES Act
Recognize how such relief interacts with other COVID-19 and general tax provisions
Recognize the amount of wages per employee
Identify the new IRS form used to obtain a refundable payroll credit if the payment exceeds the amount of payroll taxes owed
Describe the Employee Retention Credit for Employers Subject to Closure Due to COVID-19 is equal to what percent of qualified wages of employee
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boards of accountancy have final authority on the acceptance of individual courses for CPE credit.
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through its website: NASBAregistry.org.