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Small Business Adviser - Planning Strategies in the Current Environment
CPE Self-study

Small Business Adviser - Planning Strategies in the Current Environment

Small Business Adviser -- Planning Strategies in the Current Environment course discusses applicable legislation, government programs, IRS guidance, including credits, deductions and limitations, to support small business clients during this time. This course deep dives into payroll continuity and the Payroll Protection Program, select tax provisions of the CARES Act and state tax considerations.

$351.20 - $489
Do you have an AICPA membership? Log in to apply your member discount.



NASBA Field of Study




CPE Credits



Christopher Hesse, David Randall Peters, Bethany Jones-Worner, Michael Krajcer


1 year

 Business & partner 
Learning Outcomes
  • Analyze the Tax Cuts and Jobs Act provision limiting excess business losses (EBLs) under Section 461(l).
  • Determine the significance of the change in the EBL provision for wages.
  • Determine when an individual taxpayer has a net operating loss.
  • Differentiate between qualified improvement property and other depreciable improvements.
  • Identify the key components of the CARES Act.
  • Apply the requirements for PPP loan forgiveness.
  • Identify recent developments related to PPP loans.
  • Identify the key issues currently being debated regarding payroll tax deferral.
  • Analyze the implications of the CARES Act on payroll taxes
  • Determine the eligibility requirements for payroll tax deferral.
  • Determine the key tax implications for companies that have employees working from home.
  • Identify the tax implications of selling an owned office space and keeping an owned office space.
  • Calculate the tax implications of a Section 467 lease with different payment structures.
  • Analyze the current issues at the state level with regard to conformity with the CARES Act.
  • Calculate the benefit a client could expect to receive from applying R&D credit provisions
  • Identify COVID-19 impact on R&D credit availability and future benefit.
Key Topics
  • Paycheck Protection Program
  • Selected Tax Provisions of the CARES Act
  • R&D Credits
  • Evolving Workplace
  • State and Local Considerations
Product Details

Be the expert on small business planning strategies for today’s environment

This course is part of the Small Business Adviser program course. Earn a badge when you complete both courses.

Planning Strategies discusses applicable legislation, government programs, IRS guidance, including credits, deductions, and limitations to support small business clients during this time. This course dives deeply into payroll continuity and the Paycheck Protection Program, select tax provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act and state tax considerations.

The content is designed to assist current CPAs who are working with small- to mid-tier business clients in making themselves invaluable beyond tax and accounting related matters. This will then help them become overall business advisers to their clients in these challenging times.

Through this course, you will gain invaluable knowledge to create a well-rounded understanding of most major client concerns and propel you to become an overall business adviser for your clients.

Along with a general discussion of important topics, this course is littered with signposts that will point you in the direction of further research and ultimately make you even more valuable to both new and existing clients.

Who Will Benefit
  • CPAs in private practice
  • Tax professionals
  • Other qualified professionals
  • Sole practitioners
  • Small business owners
Do you have an AICPA membership? Log in to apply your member discount.
AICPA Members
PFP Section Members
Tax Section Members
PFS Credential Holders

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We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at

Contact us
Credit Info
CPE Credits
NASBA Field of Study
This is a digital product. You will have access to the content for 1 year after purchase date.
Christopher Hesse
Mr. Hesse is a principal in the National Tax Office of CliftonLarsonAllen LLP (CLA) focusing on domestic federal income tax issues. He has 40 years of tax experience in public accounting and more than 35 years of speaking and training experience. His career includes extensive writing and analysis services, instructing at numerous seminars and conferences throughout the country, and testifying before Congressional and legislative committees on tax policy matters. Mr. Hesse currently serves as the chair of the AICPA Tax Executive Committee. He is a former chair of the AICPA S corporation technical resource panel and former member of the AICPA Accounting Methods and Periods technical resource panel. He is also on the AICPA National Tax Conference planning committee, instructing breakout sessions on Section 199A and other developments from the Tax Cuts and Jobs Act. Chris is an author and instructor of CLA’s Tax Advisors Update, an annual compilation of court cases, rulings and other authorities created by practitioners for practitioners. In addition, Mr. Hesse is an author and instructor of CLA’s Farm Tax Seminar, providing guidance on the unique accounting methods and planning opportunities available for agricultural producers.
David Randall Peters
David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fifteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Kaplan, and Surgent, and was a recipient of Surgent’s Outstanding Discussion Leader award for 2019. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He is the advisor for Business & Industry topics for the SC Association of CPA’s and was a recipient of The American College’s 2019 NextGen Financial Services Professional Award. He holds four Masters degrees, including a Masters of Science in Taxation from the University of Illinois. He contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018, 2019, and 2020 versions of the Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.
Bethany Jones-Worner
Bethany is passionate about helping U.S. businesses stay competitive in today’s global economy. She has extensive experience in specialized Research and Development Tax Credit consulting, and has managed R&D Tax Credit studies for companies in a diverse range of industries including banking, software development and manufacturing. Bethany has helped generate millions in R&D tax refunds for dozens of clients at the state and federal level, including two top 20 national banks. She also has extensive experience helping her clients navigate through IRS and state taxing authority controversy, including the IRS fast track settlement program, the IRS CAP program and the IRS appeals process. Additionally, Bethany is an experienced sales, marketing and public relations professional. She has led presentations on the topic of the research credit, including a panel at the 58th annual Cleveland Tax Institute, and works with many business associations such as the Ohio Manufacturing Association to provide education about the R&D tax credit. Outside of TCG, she also serves a volunteer production coordinator for TEDxCLE. Bethany holds her bachelor’s from Kent State University.
Michael Krajcer
Mike Krajcer is the President of Tax Credits Group and has more than twenty five years of experience in Research Tax Credit consulting and related IRS/State tax controversy resolution. Previously, Mike was the leader of Ernst & Young’s IRS practice and procedure group in Cleveland and a member of E&Y’s national tax practice. During his tenure at E&Y, Mike conducted/managed/and resolved before the IRS some of the largest studies performed in the area. Mr. Krajcer also spent 13 years with the IRS, where he was responsible for federal income tax examinations and research tax credit audit positions of the Fortune 500 companies headquartered in the region. He was Vice President at National City Bank where he was responsible for managing the bank’s own research tax credit study, like-kind exchange program, cost segregation studies and other specialty projects. Following his career with NCB, Mr. Krajcer was the Managing Technical Director for a national tax advisory firm specializing in R&D Tax Credit Studies. Mike managed a team of professionals working on hundreds of credit studies, and personally resolved dozens of IRS and State audits of credit claims. And most recently, Mr. Krajcer was the founder and past President of Global Tax Consulting, LLC, where he was the firm’s expert in Research Tax Credit issues and studies. Mr. Krajcer is an attorney and a certified public accountant in the state of Ohio. He holds a B.B.A. degree in accounting from the Kent State University and a J.D. degree from the Cleveland-Marshall College of Law, where he also instructs as an adjunct professor. He is also currently an adjunct professor at the Cleveland State University College of Business, instructing in the Master of Taxation Program. Mike is a frequent speaker on research credit topics at accounting shows and OSCPA events, and has published several articles on current issues relating to the credit. Mr. Krajcer is a current member of the Ohio Society of CPAs, the American Bar Association and the Tax Club of Cleveland.
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Small Business Adviser - Planning Strategies in the Current Environment
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