It seems IRS has been issuing guidance of late at a rapid pace. The PPP loan program has attracted inordinate media attention. The goal of keeping American payrolls up and running has now been funded with two-thirds of a trillion dollars. Much has been written about viable, solvent, and even deep-pocketed entities collecting PPP dough despite Mom and Pop shops being shut out. With the new infusion of capital, this is being curtailed. Learn about it in our very popular webinar, A Complete Guide to Paycheck Protection Loans (PPP2). The entirety of the program is discussed in the two-hour timeframe so that you can competently advise your clients struggling with these pestilent and on-going issues.
The Individual Credit/Rebate has also proven to be another thorny issue causing widespread confusion. Its tentacles reach well into the 2020 1040. I understand clients are regularly asking very specific questions regarding its calculation and receipt. Again, we have you covered. Our new webinar, The CARES Act: A Guide to Significant Tax Changes and Family and Sick Leave Credits (CRS2), will dissect these $1,200/$500 payments so that you’ll be an expert in their nuanced layers. In addition, this course will comprehensively go through the latest individual and business tax changes emanating from the relief legislation.
The third leg of the tripod is a new offering on an unfortunate topic. Our nation is contemplating enacting federal laws to enable states to file bankruptcy. Conventional bankruptcy filings are anticipated to skyrocket in the upcoming months. Most of you reading this will soon have a landlord or tenant touched by a bankruptcy filing. Our course will discuss both debtor and creditor strategies so you’re ahead of the soon to be seen demand. Don’t be left unaware of the available remedies and courses of action should your client need to undertake a Chapter 7, 11, or 13 filing. Conversely, we’ll show you how to best respond when your creditor client calls you about a proof of claim to be filed. Bankruptcy Basics: Understanding the Reorganization and Liquidation Process in These Uncertain Economic Times (BNK2) will prepare you for these and many more questions you will undoubtedly soon be asked.
Here at Surgent, we’re always providing timely content to anticipate the needs of your practice. Stay tuned for more courses to help you stay ahead of client requests and amplify your receivables!
Nick Spoltore is VP of Tax & Advisory Content for Surgent CPE. Mr. Spoltore is a graduate of the University of Notre Dame and of Delaware Law School. Before joining Surgent, he practiced tax and business law at the firm of Heaney, Kilcoyne in Pennsylvania and also in Delaware.