Updated Form 941 and how to handle with the New COVID-19 Credits
Duration : 60 Minutes
This course, has been approved for 1 HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®).
Dayna J. Reum,
Dayna Reum ,CPP, FPC is currently the Director of Payroll Operations at Ann & Robert H. Lurie Children's Hospital of Chicago . She has been heavily involved in the payroll field over 18+ years. Starting as a payroll clerk at a small Tucson company, She moved on to be a Payroll Team Leader at H Read more
This webinar will give you the tools to better be able to understand line by line of Form 941
• Details around 2020 updates to the 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
Course Objectives:
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.
Course Outline:
• 941 Basic Requirements
• Reporting Requirements
• 941 Due Dates
• Electronic Filing
• Signing Requirements
• Line by line review
• 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
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
• Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
• Human Resources Executives/Managers/Administrators
• Accounting Personnel
• Business Owners/Executive Officers/Operations and Departmental Managers
• Lawmakers
• Attorneys/Legal Professionals
• Business Owners
• Managers
• Office Managers
• Bookkeepers
• CFO's
• Controllers
• Accountants
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
100% MONEY BACK GUARANTEED
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