Overview:
The 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 has made is difficult to understand. The importance of reconciliation and completed of not only the Form 941 but Schedule B is becoming increasingly important for employers to avoid costly disputes with the IRS resulting in penalty 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 the Form 941 once released.
Why you should Attend:
Areas Covered in the Session:
The 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 has made is difficult to understand. The importance of reconciliation and completed of not only the Form 941 but Schedule B is becoming increasingly important for employers to avoid costly disputes with the IRS resulting in penalty 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 the Form 941 once released.
Why you should Attend:
- Overview of Paid sick leave
- State by state requirements
- Local requirements
- COVID-19 Sick and Family Leave
- NJ State Disability
Areas Covered in the Session:
- 941 Basic Requirements
- Reporting Requirements
- 941 Due Dates
- Electronic Filing
- Signing Requirements
- Line by line review
- 2020 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
Speaker
Dayna Reum ,CPP, FPC is currently the Payroll Tax Manager at PetSmart Inc. She has been heavily involved in the payroll field over 15 years. Starting as a payroll clerk at a small Tucson company, She moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, international and Canadian payroll.Who Should Attend
- Payroll Professionals
