IRS Releases 2021 Form 941, Instructions For Form and Schedules B and R
About this Webinar
About Webinar
1 CEU HRCI | 1 PDC SHRM APPROVED
Form 941 is an essential form for all employers that pay employees and withhold FICA (Social Security and Medicare) taxation. In recent years several changes to the 941 form have made it difficult to understand.
The importance of reconciliation and completion 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.
Session Highlights
- 941 Basic Requirements
- Reporting Requirements
- 941 Due Dates
- Electronic Filing
- Signing Requirements
- Line by line review
- 2021 and 2022 Updates
- COVID-19 Tax credits and Form 941
- Schedule B requirements and tips
- Reconciliation of Form 941 and W-2’s at year end
Why You Should Attend
This webinar will review the tax credits along with how to claim them on the Form 941 once released.
Who Should Attend
- Payroll Professionals
- Accountants
- Tax preparers
- Human resources professionals
Note: You will get access to the Recording link and E-Transcript; in your account and at your registered email address.
Speaker(s)
Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of 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.
CEUs
The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.
Credits: 1.5
Supreme Trainer is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org
Credits: 1.5
Supreme Trainer is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org.
Credits: 1.5
Credits: 0
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