🎤 Dayna Reum | 📅 August 07, 2023 | 🕒 11 AM Eastern Time US
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DESCRIPTION: 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. The COVID-19 pandemic has also caused additional legislation to be passed that impacts the Form 941 these will be reviewed as well along with what has stopped and what are we continuing to report into 2023. Review of the latest updates and review of all the legislation that has changed the COVID credits that impact the Form 941 till current.
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Areas Covered in the Session:
- 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
Who Should Attend:
- Payroll Professionals
- Tax Professionals
- Accountants
- Controllers
