Description
RECORDED TRAINING COURSE
1 CEU HRCI | 1 PDC SHRM APPROVED
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 form have made it difficult to understand. The importance of reconciliation and completion of not only Form 941 but Schedule B is becoming increasingly important for employers to avoid costly disputes with the IRS resulting in penalties and interest.
With the several COVID-19 legislation being passed that includes tax credits for employers the form 941 will be a key form to claim these credits. This webinar will review the tax credits along with how to claim them on Form 941 once released.
Session Highlights:
- This webinar will give you the tools to better be able to understand line by line of Form 941
- Details around 2021 updates to form 941 and review of common errors as reported by the IRS
- Review of Schedule B and the importance of completing it correctly
- Review of who should sign Form 941
- Employer Retention Tax credit and the new form 7200
- Social Security employer tax deferral
Why You Should Attend:
- 941 Basic Requirements
- Reporting Requirements
- 941 Due Dates
- Electronic Filing
- Signing Requirements
- Line by line review
- 2020 & 2021 Updates
- COVID-19 Tax credits and Form 941
- Schedule B requirements and tips
- Reconciliation of Form 941 and W-2’s at year end
- 941-x forms and how to deal with them
Who Should Attend:
- HR Professionals
- Payroll Professionals
- Office managers
- CFOs and controllers
- Tax preparers
- Accountants
- Employers and Business owners
- Accounts payable processing professionals
- Purchasing managers and professionals
- Public accountants, CPAs and Enrolled Agents
- Accounts payable and accounting managers
**Recorded Version: Unlimited viewing for 365 days ( Access information will be emailed 36 hours after the completion of live webinar).
Dayna is currently the Director of Payroll Operations at a major medical center in Chicago. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc.
