Description and Learning Objectives:
As a tax professional, you perform both tax compliance and tax planning services. Even though the IRS has just extended the tax return due date to May 17, 2021, you are still in the final stages of your “busy season”. Adding to your workload, the United State Congress, created the American Rescue Plan Act of 2021 (“ARPA”). ARPA made significant changes to the Internal Revenue Code and essentially created a new stimulus package. The COVID-19 crisis, financial fluctuations, the new Biden administration and the new makeup of Congress add to the burden of your practice during this tax season. This course will educate you in how ARPA will affect your clients 2021.
Upon completing this course the student will know the major individual and business changes made by the American Rescue Plan Act of 2021. This event is designed for CPAs, EAs, attorneys, financial planners, insurance agents, and bankers.
Presenter: Arthur Werner, Werner-Rocca Seminars
Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals.
In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University.
Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.
Highlights of this fast-paced program include:
- A brief history of COVID-19 relief legislation
- ARPA program funding
- Various Unemployment Benefit Issues, including:
- Extension of Pandemic Unemployment Assistance (PUA)
- Extension of Federal Unemployment Compensation (FPUC)
- Extension of Pandemic Emergency Unemployment Compensation (PEUC)
- Current taxable issues
- PPP modifications
- EIDL modifications
- Restaurant Revitalization Grants – program and issues
- The third round of recovery rebates (Economic Impact Payments)
- Changes in the Child Tax Credit
- Expansion of the Earned Income Tax Credit
- Expansion of the Dependent Care Credit and Dependent Care Assistance
- Expansion and extension of the FFCRA
- Extension of the Employee Retention Credit
- Affordable Care Act changes
Location: Zoom- a unique login link will be provided to you by email through Zoom prior to the event. Please make sure you have the latest version of Zoom on your device.
Time: 2:00 - 4:00 PM EDT and an optional Virtual Happy Hour immediately following until 5:00 PM EDT.
Cost: $79 for members; $99 for non-members
Recommended CPE Credit: 2
Field of Study: Taxes
NASBA Category: Taxes
Program Knowledge Level: Update
Advanced Preparation: None
Instructional Delivery Method: Group Live Internet
Registration includes Course Materials and certificate of completion. Certificate of completion will only be provided to those answering a minimum number of poll questions presented in Zoom during the event.
Slides- American Rescue Plan Act of 2021 - No Polling Questions.pdf
VSTAP is an approved CE sponsor for the following:
Click here for further sponsor details. If you would like to pay with a check, please register online, print your invoice and mail it with payment to PO Box 3363, Warrenton, VA 20188.
If you cancel in writing at least five business days before the program begins, you will be refunded your registration fee after a $25 administrative charge. Cancellations not received by the date required will not be eligible for a refund. If you cancel in writing at least 24 hours of the start of the program you may apply your registration fee to a future event for a $25 processing fee. No shows will not be refunded. Balances are due prior to the start of the event.
Complaint Resolution Policy:
The VA Soc. Of Tax & Acct. Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Website: www.nasba.org. NASBA# 103365
We have entered into an agreement with the Return Preparers Office, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual. Sponsor Number: TATHT