What you will learn

This CFO Series Day These sessions focus on recent federal tax issues impacting your organization, with a focus on major ramifications of the Tax Cuts and Jobs Act (TCJA) the CARES Act and subsequent legislation. It will address planning alternatives and the potential risks associated with those strategies.

Major Topics:

 Monday, March 22 am:

The AB5s of Employees and Independent Contractors:
Objective: Learn about how standards are changing for classifying employees and independent contractors.

This session addresses the 20 factors the IRS uses to classify workers, with a focus on the severe tax penalties for misclassification. We will look at how Dynamex and AB5 will impact your organization. We will also examine the “Gig” worker, review the broader independent contractor workforce, and apply the worker classification on year-end reporting.

Expensing and Depreciating Business Assets:
Objective: Understand changes the taxation of capital assets.

Recovering the cost of capital is a critical business skill, and Congress is constantly changing the rules to impact the economy. In this session, we will discuss the most recent tax depreciation rules and developments, as well as review the impact of TCJA and CARES Act changes. We will address Section 179 and 168(k) expensing, along with capitalization regulations and Qualified Improvement Property.

Tuesday, March 23 am:

Navigating the New Interest Expense Limitation:
Objective: Find out how to navigate federal interest limitation rules.

Are you large enough to have your interest expense limited? This program will discuss how the new 30%/50% limit works and what happens to excess interest expense. We will examine how the new rules apply to partnerships, S and C corporations and their owners. This session will discuss reporting on Form 8990, as well as the 2022 problem.

COVID-19 Losses: Going Backwards and Forwards:
Objective: Understand how the Tax Cuts and Jobs Act (TCJA) will affect your organization’s ability to carryback and carryforward business losses.

The Tax Cuts and Jobs Act (TCJA) made turning business losses into tax refunds far more difficult. The CARES Act suspended and modified many of those changes. This session will dig into the new rules for deducting business losses. We will also address the new 5-year carryback, as well as amended returns and “quickie refunds.”

Cases and Group Discussion:This CFO Series provids extensive case study analysis and many opportunities for group discussion.

Prerequisite: Financial Management experience.

Advanced Preparation: Some tax background will be helpful

Designed For: This series is for people who are, or aspire to be, chief financial officers. We target the discussions to people in medium-sized organizations.

Additional Information:
100% Satisfaction Guarantee: MICPA delivers the highest quality educational experience. If you are not satisfied with your course, call us at 1.855.594.4273. We will make it right.

Ematerial:
Fee includes e-Materials. Electronic materials are available about 48 hours prior to the event. Once registered, e-Materials can be downloaded from the LEARNING section of the website, under MY REGISTRATIONS.