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IRS Form 941 for 2021 The Changes You Need to Know

Wednesday,
May 26, 2021
Time:
11:00 AM PDT | 02:00 PM EDT
Duration:
60 Minutes
Webinar Id:
703781
Register Now

Live Version

$145. One Participant
$295. Group Attendees

Recorded Version

$195. One Participant
$395 Group Attendees

Combo Offers

Live + Recorded
$289 $340   One Participant

Live + Recorded
$599 $690   Group Attendees

Group Attendees: Any number of participants

Recorded Version: Unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)

Overview:

The COVID-19 pandemic has significantly affected our lives. It has always brought a lot of special legislation that impacts employers and how to complete the quarter 941 form.

A lot of the COVID-19 tax credits have been extended into 2021. This webinar will give you the tools to understand how to properly handle the credits specific to the legislation in 2021.
  • This webinar will give you the tools to better be able to understand line by line of the Form 941
  • Details around 2020 and 2021 updates to the form 941 and review of common errors as reported by the IRS
  • Review of Schedule B and the importance of completing correctly
  • Review of who should sign the Form 941
  • Employer Retention Tax credit and the new form 7200
  • Details around which 7200 form should be processed
  • Social Security employer tax deferral

Why you should Attend: 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.

Areas Covered in the Session:
  • 941 Basic Requirements
  • Reporting Requirements
  • 941 Due Dates
  • Electronic Filing
  • Signing Requirements
  • Line by line review
  • 2020 and 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

Who Will Benefit:
  • Payroll Professionals
Instructor:

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.

Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the national Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.


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