Buying and Selling a Business: Critical Tax and Structuring Issues

Overview

You could pay $0 for this course!
Client advisory services (CAS) professionals are becoming a more integral part of the operations of any CPA firm. As such, they must stay on top of changing tax law. In this course, we will explore tax changes in areas CAS professionals are involved with — information reporting, payroll tax issues, and tax credit and deduction documentation. We will also discuss relevant changes to individual and business tax returns so that CAS professionals can better assist clients with tax needs in the upcoming year.

Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course to be eligible. The course code for this program is C-1869. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.

Highlights

Common tax deadlines and penalties Employee Retention Credit - new developments Beneficial ownership information reporting Bonus depreciation changes Form 1099 reporting and changes Online accounts and IP PINs Virtual currency updates Green energy credit compliance

Designed For

Accounting and finance professionals who are looking to stay current on federal tax issues

Objectives

Recall common tax deadlines, penalties, and potential remedies Identify the requirements and how to file for withdrawal of an ERC claim Recognize where to file an initial beneficial ownership report on the FINCEN website Identify where to claim deductions for software on Form 4562 State the differences between 1099-K, 1099-NEC, and 1099-MISC Recognize when a taxpayer must file electronically Identify when a taxpayer may obtain an IP PIN State the reporting requirements for virtual currency Recognize reporting and substantiation requirements related to green energy credits