Form 941 updates for 2021

Date: July 16, 2021
Time: 02:00 PM ET
Duration: 60 Minutes
Speaker: Dayna Reum
CPE Credits : 1 (Taxes)

$0.00

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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.  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.

A lot of the COVID-19 tax credits have been extended into 2021. Review of the updated form and COBRA credit instructions from the IRS will be included.  This webinar will give you the tools to understand how to properly handle the credits specific to the legislation in 2021.

 

Session Highlights:

  • Review of Q2 2021 941 update along with the COBRA premium assistance credits
  • 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
  • COBRA Credit Guidance from the IRS
  • Schedule B requirements and tips
  • Reconciliation of Form 941 and W-2’s at year end

 

Who Should Attend:

  • Business Owners
  • Payroll Professionals
  • HR Professionals
  • Compliance Professionals
  • Managers/Supervisors
  • Company Leadership

 

NASBA CPE Credits: 1

Level: Beginner

Program Prerequisites: None

Advance Preparation: None

 

This program has been approved for 1 CPE credits under NASBA.

Speaker

Dayna 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 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.

Certification

This program has been approved for 1 CPE credits under NASBA.

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