Form 941 Compliance: Tax credits due to COVID-19

This webinar will give you the tools to better be able to understand line by line of the Form 941. Details around 2022 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. Filing the Form 941 when taking the COVID-19 credits in 2022.

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 2022. Review of the latest updates and review of all the legislation that has changed the COVID credits that impact the Form 941 till current

Benefits:

• 941 Basic Requirements
  • Reporting Requirements
  • 941 Due Dates
  • Electronic Filing
  • Signing Requirements
• Line by line review including new tax credit lines
• COVID-19 updates and tax credits
• Schedule B requirements and tips
• Reconciliation of Form 941 and W-2’s at year end

Who Should Attend:

• Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
• Human Resources Executives/Managers/Administrators
• Accounting Personnel
• Tax Professionals
• Finance Professionals
• Compensation Professionals
• Benefits Professionals
• Senior HR Professionals,
• HR Managers & Directors,
• HR Personnel

Dayna J. Reum

Dayna 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 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.