Insight into COVID Related Federal Tax Issues

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The federal government has introduced several forms of tax relief for small businesses like yours. Join NADA and GNYADA for a discussion about the issues that will impact your dealership filings for 2020.

We’ll also be talking about how the pandemic and limitations on inventory allocation could impact dealer LIFO accounting options. Finally, this webinar will preview tax changes the Biden administration is likely to make.

Topics that will be discussed:

  • How PPP Forgiveness Could Impact Taxes and Financial Reporting

  • Guidance for PPP Loan Justification Form 3509

  • Benefits of Bonus Depreciation

  • LIFO Options During Pandemic

  • NADA’s ongoing Legislative Efforts for COVID Relief

  • Preview of Biden Administration’s Tax Plans

Presenter

  • Paul Ryan Dorsey
    Associate Director | Regulatory Affairs
    NADA

Moderator

  • Susan J. Bieber, Esq.
    Vice President - Dealer Services
    GNYADA