Join us at the RMAC Conference for two full days of speakers and content, including CPE sessions with Davinia Lyon, Judy Vorndran and Stacey Roberts.
This year’s RMAC Conference is re-imagined with safety and convenience in mind. 16 hours of CPE from the comfort of your home or office!
Mark your calendars for these TaxOps CPE presentations!
CARES Act Tax Breaks for Businesses
November 12 9:00 AM – 10:40 AM MT
At the end of March 2020, the federal government passed the $2.2 trillion Coronavirus Aid, Relief and Economic Security Act (CARES Act). The stimulus package was aimed at helping US businesses and individuals with the economic fallout of COVID-19 by providing much-needed help in the form of opportunities to get cash now, tax credits, delays, fixes and changes. Join Davinia Lyon, corporate and international tax partner at TaxOps, as she discusses the implications of the CARES Act and how taxpayers can benefit from the provisions for business loans, NOL carrybacks, tax credits (including an employee retention credit), and threshold adjustments allowing businesses to take advantage of more deductions and see significant tax savings. Objectives include: (1) Learn how corporations are impacted by the law change, (2) Share how businesses can benefit from NOL carrybacks, credits and other incentives, (3) Understand the related ASC 740 implications.
The Good, the Bad and the Ugly of Expanding Duties on Business
November 12 11:00 AM – 12:40 PM MT
In the wake of the COVID-19 pandemic, businesses are being asked to shoulder the burden of rehiring staffs, reopening the economy, and growing tax bills to pay for business disruptions to the economy. In this session, we?ll dig into the post-Wayfair landscape to provide updates and predictions on where states are planning to get money and replenish budgets depleted by COVID-19. No business will be spared as states expand, demand, and open new and broader tax pipelines. The flip side to the tax grab offers businesses the prospect of some longer-term relief, though, as state and local jurisdictions continue their work to find ways to simplify sales tax and income tax collections. We?ll share efforts underway nationwide, in Alaska, and right here in Colorado, where presenter Judy Vorndran is a governor-appointed member of the Colorado legislative Sales and Use Task Force. All businesses with sales in Colorado will soon see the positive efforts of the task force go live! Join us as we talk about the good, the bad, and the ugly of expanding tax duties on business. Objectives include: (1) 6 Predictions for where states are planning to get their money, (2) Small-seller economic nexus exemptions vs. the state of Kansas, (3) Marketplace facilitator updates, (4) Home Rule on the rise, (5) Retroactive tax collection on out-of-state sellers (California, South Carolina), (6) Streamlining sales tax efforts: SST, MTC, Alaska and Colorado.
More Tax News
- Don’ts and Do’s in Sales Tax and Business Registrations
- Guide to Colorado’s Sales and Use Tax System (SUTS)
- IRS New Rules for Amortizable Research Expenses and Automatic Accounting Changes
- Break Down of Key Changes in Proposed Form 6765
- The Power of Data: Vertex’s Approach to Keeping Pace with Tax Changes with Mike Bernard