RADNOR, Pa., Dec. 22, 2020 /PRNewswire-PRWeb/ — As part of an attempt to reduce the damaging impact of the COVID-19 pandemic, Congress has just enacted a new package of tax changes that accountants and other tax and financial professionals absolutely must know to effectively advise clients. This legislative package addresses and answers many of the questions tax practitioners had with respect to the Paycheck Protection Program (PPP) loan forgiveness process, making it easier for most PPP borrowers to obtain forgiveness of their loans from the Small Business Administration.
These changes also provide additional assistance to unemployed individuals and economically distressed businesses, including another version of the PPP loan regime for businesses bypassed by the earlier version. Every tax practitioner will need a thorough grounding in these new legislative changes.
Surgent CPE, a division of KnowFully Learning Group, is offering a new 2-hour live webinar, The New Coronavirus Stimulus Package: Update and Analysis of Individual and Business Tax Changes, which will premiere on December 23rd. A team of tax experts led by Michael J. Tucker, CPA will cover major topics such as:
- Changes to PPP loan relief applications, including a simplified loan forgiveness process for certain loans
- Businesses eligible for forgiveness loans under the new PPP loan program
- Deductibility of eligible business expenses funded with a PPP loan
- Basis increase for tax-exempt income associated with PPP loan forgiveness
- Aid for state and local governments
- New stimulus checks for individuals
- Liability protection for businesses and business owners against lawsuits brought against them for COVID-19 related damages
- Expansion of Federal supplemental unemployment insurance benefits
- Changes to limitations on charitable contributions
- Changes to deductions for business meals
- Other changes incorporated in the new legislation impacting individuals and businesses
See the full course preview video here.
Surgent’s VP of Strategic Content Development, Nick Spoltore, explains, «This course is illustrative of both our speed to market and the value provided to our customers. From release of legislation to course premiere, barely 36 hours will have elapsed. And of course, this offering will enable our customers to immediately advise individual and business clients on the latest COVID guidance and relief. In addition, our other year-end inventory will be updated with the same due speed without sacrificing attention to detail. For instance, our Paycheck Protection Program course is currently in its eighth iteration. It too will immediately reflect these changes in law so that our customers can continue to rely on us for such timely continuing education to enhance their practices and profits.»
Throughout 2020, Surgent CPE has provided 19 different courses, educating nearly 10,000 attendees specifically on the tax, accounting, and financial impacts of the pandemic. Surgent CPE remains committed to offering these crucial topics that help tax professionals navigate today’s complex, challenging, and quickly changing environment.
ABOUT SURGENT CPE
A fast-growing company with a 35-year history of leadership in accounting, finance, and tax education, Surgent CPE has become known as one of the most trusted providers of the Continuing Professional Education (CPE) that CPAs need to earn each year to maintain their professional credentials. Surgent CPE is a division of NexPhase Capital-Backed KnowFully Learning Group, a leading provider of continuing professional education, exam preparation courses, and digital learning solutions to the accounting, finance, and healthcare sectors.
For more information, please visit http://www.surgentcpe.com/
Media Contact
Dawn VanDerWende, KnowFully Learning Group, (610) 688-4477, VanDerWended@knowfully.com
SOURCE Surgent
