Three Phases of Coronavirus Relief: An Overview of the CARES Act and What It Means For You and Your Clients | 4194445A

Date :
April 6, 2020 11:00 AM - 1:00 PM
Location :
Webcast
Facility :
Webcast Event
Level of Difficulty :
Overview
Member Price :
75.00
Nonmember Price :
101.00
CPE Credits :
CPE 2.00, IRS-FTL 2.00, CTEC-FTL 2.00
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On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. It represents the third major legislative action addressing the coronavirus threat in a month and, with a price tag of $2.2 trillion, is the largest stimulus package ever passed by Congress. In this comprehensive overview of the three Acts, we will discuss the important individual provisions, including recovery rebates, student loan relief, and retirement changes, and the major business provisions, especially the Paycheck Protection Program, family and medical leave, and the payroll tax credit.

Objectives:

• Explain the major provisions of the three phases of government relief
• Anticipate and answer the questions our individual and business clients will be asking us
• Review strategies individuals and businesses pursue to use the government’s relief to survive the coronavirus’s impact on the economy and our lives
• Explain the major provisions of the three phases of government relief
• Anticipate and answer the questions our individual and business clients will be asking us
• Review strategies individuals and businesses pursue to use the government’s relief to survive the coronavirus’s impact on the economy and our lives

·       Apply recent changes enacted in response to the coronavirus pandemic. 
·       Describe tax and practice considerations in light of the pandemic

Major Subjects:

• The three phases of coronavirus relief, with special emphasis on rhe Coronavirus Aid, Relief, and Economic Security (CARES) Act
• Recovery Rebates
• Sick leave
• Family and medical leave
• Retirement plan access and penalty relief
• Student loan relief
• Paycheck Protection Program
• Refundable payroll tax credits, and
• Numerous other changes.

Advanced Prep:

None

Misc. Information:

None
Level of Difficulty:
Overview
Field of Interest:
Taxes
Prerequisites:
None
Designed For:
CPAs, attorneys, CFPs, financial advisers, CFOs and controllers, and HR manager.

Instructors

James Randall Gardner, CFP, CPA, Esq.

Randy Gardner is the head of financial planning for the Horace Mann Companies. Previously, he was a practicing estate planning attorney with Estate Plan, Inc. with offices in Laguna Beach and Irvine. He is a member of the AICPA, and has written over 100 articles for publications such as The Journal of Financial Planning, Taxation for Accountants, Practical Tax Strategies, and Tax Adviser. Gardner is co-author of several books including The Closing Wealth Transfer Window, 101 Tax Saving Ideas, and Tools and Techniques of Income Tax Planning. He is a columnist for and serves on the editorial board of The Journal of Financial Planning. Recognized as Educator of the Year by the Missouri Society of CPAs, Gardner taught for over 30 years as a professor of tax and estate planning and director of the Financial Planning Program at the University of Missouri. He earned his bachelor’s degree from Harvard University; his juris doctor degree and his master’s degree in business administration from the University of Kansas; and his master of laws in taxation from the University of Missouri - Kansas City.

Materials:

  • Materials - eBook