Updated Form 941 and How to Handle with the New COVID-19 Credits

  EVENT DATE

July 27, 2020

  PRESENTER(s)

Dayna J Reum

  1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 90 Minutes


* Not able to attend the live session? We can arrange an on-demand session for You. Please call 1-951-801-2324


This program has been approved for 1.5 PDCs toward SHRM certification hours.
The program is pre-approved for 1.5 credit hour under HRCI

DESCRIPTION



The IRS has recently released a new form 941 to be used for the rest of 2020.

The main changes?

Several lines have been added so employers can claim tax credits under the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Families First Coronavirus Response Act (FFCRA).

Because these mandatory changes have never been seen before, we’re going to take you step-by-step through the new form 941 on July 27th.

In this 90-minute workshop, our payroll expert will help explain each change to the new form and how to process, covering:

  • How to accurately complete the 941 with the new COVID-19 tax breaks – even if you’re working remotely
  • Form 7200 instructions and common errors to avoid when filing
  • How to reconcile the form 941 for year-end

Program Highlights

We’ll review the COVID-19 legislation and its full impact on your company, including:

  • Coronavirus-related tax credits and relief you need to know (Employee Retention Tax Credit, Credit for Sick and Family Leave, and more)
  • How to use 941-X forms to correct previously filed 941 forms
  • Requirements and tips to accurately file Schedule B
  • How to use form 7200 to get an advance payment of COVID-19 credits
  • Reconciliation of form 941 and W-2’s at year-end

The next form 941 deadline is July 31st. We’ll prepare you with a complete evaluation of the new form:

  • Interact with our speaker as she takes you line-by-line through the form’s updates
  • Learn common errors to avoid, according to the IRS
  • Details for remote workforces: Get electronic filing instructions and signing requirements

Who Will Benefit:

  • All Payroll Professionals
  • All Human Resources Professionals
  • All Accounting Professionals
  • Business Owners

Download Conference Material

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CERTIFICATION PARTNERS

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