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.
Why should you 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
Speaker Profile
Dayna Reum ,CPP, FPC is currently the Director of Payroll Operations at a major medical center in Chicago. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna 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, Pennsylvania and Illinois 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.