Description
RECORDED TRAINING COURSE
1 CEU HRCI 1 PDC SHRM APPROVED| 1 CPE NASBA APPROVED
The IRS Form 941 is an essential form for all employers that pay employees and withhold federal and FICA (Social Security and Medicare) taxation. In recent years several changes to the 941 forms have made it difficult to understand. IRS Form 941 is a quarterly return used to report and pay federal taxes withheld from employee wages. An IRS transcript can be a valuable asset for employers and employees alike. They can be used to verify your tax history and resolve any discrepancies. The importance of reconciliation and completion of not only the IRS Form 941 but Schedule B is becoming increasingly important for employers to avoid costly disputes with the IRS resulting in penalties and interest. An IRS transcript is a record of your tax return information, including your tax liability, payments made, and credits claimed. It can be used to verify your tax history and resolve any discrepancies. With the COVID-19 credits no longer on the 941 forms in 2024 there is question what changes does that mean. Having a grasp of many different tax credit can help you in managing your payroll tax and Form 941 well.
Additionally, knowing how tax credit helps businesses to bring down the amount is something payroll professionals need to be aware of.
Session Highlights:
- 941 Basic Requirements
- Reporting Requirements
- 941 Due Dates
- Electronic Filing
- Signing Requirements
- Line by line review
- 2024 Updates
- Schedule B requirements and tips
- Reconciliation of IRS Form 941 and W-2’s at year end
Why You Should Attend:
This webinar will give you the tools to be able to better understand each and everything about the IRS Form 941. This webinar will also work as a payroll tax guide for your organization. Our speaker will also share what role the IRS transcript plays to ensure the details around 2024 updates to Form 941 and other payroll taxes. A review of common errors as reported by the IRS. Additionally, get a Review of Schedule B and the importance of completing correctly and the review of who should sign the IRS Form 941. Employer Retention Tax credit and the new form 7200 with Social Security employer tax deferral will also be covered in this session. At the end of the session feel free to resolve all your queries about Form 941, and payroll taxes. These different tax credit such as ERC tax credit, research tax credit, paid family sick leave credit, and work opportunity credit help businesses in various ways.
Who Should Attend:
- Payroll Professionals
- Accounting Professionals
- Tax Professionals
- Finance Professionals
- Compensation Professionals
- Benefits Professionals
- Senior HR Professionals,
- HR Managers & Directors,
- HR Personnel,
- CEOs
Note: You will get access to the Recording link and E-Transcript; in your account and at your registered email address.
