Events & Webinars

02/11/2021 - 02/28/2022, 8:00 am - 9:00 am

On Demand Webinar | $1.9T American Rescue Plan; What's New & What Changed?

Congress has passed the $1.9 trillion American Rescue Plan. In this webinar and Q&A session (recorded March 25, 2021) Lurie’s Economic Relief Team breaks down what’s new for businesses and individuals. In this panel-style presentation, we summarize and offer insight into current and expected adjustments to current programs, such as PPP, FFCRA, EIDL, and more.

Most notably, we explain how changes to the Employer Retention Credit (ERC) offer significant tax credits for qualifying businesses that kept employees on the payroll – even if they also had a PPP loan.

Key Takeaways:
  • Learn what is in the American Rescue Plan (brief summary)
  • Understand what is new or has changed with economic relief programs, such as PPP, ERC, EIDL, and more
  • Lurie CPAs and advisors offer insights and expectations of pending IRS, Treasury, and SBA guidance, and
  • Audience questions answered during our Q&A session


Disclaimer
By viewing the webinar recording prepared by Lurie, LLP (clicking the link) you understand the content is for informational purposes only. You should not act upon this information without seeking advice from a Certified Public Accounting firm licensed in your own state. The information presented was current at the time of its recording, on March 25, 2021.

Limitation of Liability
After the presentation, official guidance and rules may be changed, improved, or updated without notice. Lurie, LLP is not responsible for any errors or omissions in the content of this presentation, or for damages arising from the use or performance of this presentation, under any circumstances.

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02/11/2021 - 02/28/2022, 9:00 am - 10:00 am

On Demand Webinar | ERC & PPP: How to Use Both Programs and Maximize Your Eligibility

Now Available On-Demand: The new and improved Employee Retention Credit (ERC) is a significant opportunity for employers – and certainly worth a second look. Many employers have ignored the credit, originally released as part of the CARES Act because they took Paycheck Protection Program (PPP) funds.

The Consolidated Appropriations Act (passed in December) created significant changes to the credit that now provide benefits for tax years 2020 retroactively and 2021 in the first two quarters – allowing PPP borrowers to qualify for the ERC as long as there is no double-counting of the same wages. Refunds may be available up to $5,000 per employee for 2020, and potentially $14,000 per employee for 2021.

On Thursday, February 11th, 2021, Lurie’s Economic Relief Team provided a key overview of the ERC, PPP, and how to use both programs to maximize your eligibility.

What You’ll Learn:
  • What is the ERC, and how recent changes provide a major benefit to employers
  • How to qualify for the ERC and calculate your refund potential
  • How to maximize your eligibility using both PPP and ERC
  • How to claim your credit


Limitation of Liability
After the presentation, official guidance and rules may be changed, improved, or updated without notice. Lurie, LLP is not responsible for any errors or omissions in the content of this presentation, or for damages arising from the use or performance of this presentation, under any circumstances. Contact your Lurie advisor before acting on any commentary provided in the presentation.

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02/12/2021 - 01/17/2022, All Day

On Demand Webinar | PPP, Taxes & Economic Relief: Breaking Down the Consolidated Appropriations Act

Now Available On-Demand: The Consolidated Appropriations Act provides $900 billion in COVID-related economic relief to businesses. Most notably for small businesses, the package reserves $284 billion through a second round of Paycheck Protection Program (“PPP”) forgivable loans, or as some are calling it, PPP2.
On Friday, January 15th at 9:00 AM CST, Lurie’s Economic Relief Team (Kevin Besikof, Julie Helms, Mike Mondelli and Chris Van Schooneveld) gave a short presentation updating PPP and various rule changes, including other tax and relief package options available to business owners. Our team also answered several questions during an extended Q&A session. Our agenda, in summary:
  • Breaking down the Consolidated Appropriations Act
  • How to qualify for PPP2
  • What expenses are allowed under the new rules
  • Loan forgiveness, simplified
  • How to apply for a new, or “second draw” PPP loan
  • Expanded Q&A


Disclaimer
By viewing the webinar recording prepared by Lurie, LLP (clicking the link) you understand the content is for informational purposes only. You should not act upon this information without seeking advice from a Certified Public Accounting firm licensed in your own state. The information presented was current at the time of its recording, on January 15, 2021.

Limitation of Liability
After the presentation, official guidance and rules may be changed, improved, or updated without notice. Lurie, LLP is not responsible for any errors or omissions in the content of this presentation, or for damages arising from the use or performance of this presentation, under any circumstances.

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02/16/2021 - 12/03/2021, 11:00 am - 12:00 pm

On Demand Webinar | Get Ready to Apply for PPP Loan Forgiveness | How to Prep & What to Expect

To apply for Paycheck Protection Program (PPP) loan forgiveness, you will need to complete either the SBA Form 3508, 3508EZ, 3508S, 3509, 3510 or a Lender equivalent. But how do you know which form is correct, or the best/easiest path to take? Also, what do you need to do to prepare, so that you have everything ready, with the fewest delays and ultimately maximize your loan forgiveness chances?
On Thursday, December 3rd, Lurie’s Economic Relief Team (Kevin Besikof, Mike Mondelli and Chris Van Schooneveld) presented general answers to these questions, shared first-hand experiences and offered advice on how to effectively prepare PPP loan forgiveness applications.
  • Understanding the SBA forms & which one best applies to your situation
  • Our tips to get ready, including: documentation, lender requirements and timing
  • What steps in preparation take the longest or are most complex
  • Case studies of successful PPP loan forgiveness
  • Other valuable commentary and updates, such as the tax deductibility of PPP expenses, concerns for larger loans and what the future may hold for PPP.


Important Notice: Guidance and Final Rules May Change
The video recording reflects our current understanding of the considerations associated with PPP loan forgiveness requirements, as of December 3, 2020.

Disclaimer
By viewing the recorded presentation prepared by Lurie, LLP (clicking the link) you understand the content is for informational purposes only. You should not act upon this information without seeking advice from a Certified Public Accounting firm licensed in your own state.

Limitation of Liability
The materials and our commentary provided in this presentation may not reflect the most current SBA guidelines. Official guidance and rules may be changed, improved, or updated without notice. Lurie, LLP is not responsible for any errors or omissions in the content of this presentation, or for damages arising from the use or performance of this presentation, under any circumstances.

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02/16/2021 - 12/01/2021, 11:00 am - 12:00 pm

On Demand Webinar | Qualified Disaster Relief: Tax-Free Benefits for Your Business & Employees

The impact of the COVID-19 outbreak resulted in a declared nationwide disaster. The Internal Revenue Code (Section 139) may present a relief option that can ease some of the work-from-home strain on employee well-being and increase productivity. It may also reduce liability for employers as well.
Our team hosted a webinar explaining how qualifying employers can help mitigate the effects on their business and employees through tax-free qualified disaster payments. Lurie advisors Kevin Besikof, Chris Van Schooneveld and Mike Mondelli explained:
  • Why Qualified Disaster Relief Exists & Why It Makes Sense Now
  • What Is Section 139 & What Qualifies?
  • As an Employer, How Do I Plan & Track? Documentation & Best Practices
  • Putting Your Qualified Disaster Relief Plan into Action
Click the link button at the top to access an on-demand version of this webinar.

 

 

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02/17/2021 - 02/16/2022, 11:00 am - 12:00 pm

On Demand Webinar | Understanding New Form 1099-NEC (and changes to 1099-MISC)

Does your business pay freelance or nonemployee subcontractors – including vendors, independent contractors, and consultants? Starting in reporting year 2020, you will have to use a new Form 1099-NEC to report most nonemployee compensation. This changes how you also use Form 1099-MISC, which has been used by businesses for many years to report calendar-year payments exceeding $600 to individuals who performed business services.
On Friday, December 4th 2020, Becky Munson, Director of YourBooks, outlined how to make sure you are using each form correctly and are in complete compliance.
  • Understand the change to form 1099-NEC for 2020
  • Understand what hasn’t changed with the filing process
  • Familiarize you with the new forms and what will be needed to file
  • Review filing resources for the 2020 reporting cycle
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02/18/2021 - 12/01/2021, 11:00 am - 12:00 pm

On Demand Webinar | Telehealth: Paving the Way for Innovation in Your Medical Practice

In a matter of months, COVID-19 has radically changed how healthcare is practiced, managed and distributed. With the aid of technology and innovative applications in telehealth, there is great opportunity – but not without risk. While each medical practice’s vision of the future will be different; what is critical for all leaders to understand is how to create a solid security plan to protect your practice from costly mistakes. If you are looking to rapidly innovate or take advantage of new tech – you need an effective framework.
We hosted an informative webinar led by Lurie Technology Partner Kate Siegrist. In the presentation, Kate provided 3 take-aways to better understand:
  • The Unique Security Challenges and New Opportunities in 2020
  • How to Protect Yourself and Your Practice in Common Usage of Telehealth
  • What It Takes to Build a Solid HIPAA Security Plan for Telehealth
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02/19/2021 - 12/01/2021, 11:00 am - 12:00 pm

On Demand Webinar | Is Now the Right Time to Gift Your Company?

COVID-19 has upended every aspect of owning a business. But there may be one opportunity to make a smart business decision this year, if you are considering transferring your business to family or the next generation. In this webinar, we will answer the questions: Is now the right time to gift your company? And, how much time do you have to explore this option before the conditions change?
Lurie advisors Kevin Besikof, Matt Brown and Chris Van Schooneveld hosted a webinar providing context, fundamentals and examples that can help you understand:
  • The current and future state of the estate tax
  • How 2020 has affected valuation, and whether there is opportunity
  • Why these factors influence valuation
  • Assuming it makes sense, how gifting your business works – and the possible tax advantages
Click the link button at the top to access the on-demand version of this webinar.

 

 

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