Description: Just when you think you are ready for tax season, along comes more tax law changes. On Dec. 27, 2020, the Consolidated Appropriations Act was signed into law. Not only was this law the federal budget for the current fiscal year, it was also a Coronavirus Relief Act. This class will explore the changes resulting from the Act so you are up to date with the latest version of the laws when you tackle this upcoming tax season. Among the biggest changes: the opportunity to take Employee Retention Credits (ERC) even if a PPP loan was used. The ERC is extended into the first two quarters of 2021 with even better rules. This course will include several real-life examples of how to address various ERC issues. This will be the majority of the course focus. Additional changes with the Act involved additional stimulus payment, PPP loans, meals deductions and extender provisions. Learning Objectives