Description
The passage of the Families First and Cares Acts have caused massive changes to IRS Form 941 that affect the final three quarters in 2020! 16 new lines now appear on this form along with changes to two others! Are you ready to meet these changes and handle them correctly? Here are just some of the new items you must now know and understand:
· What has changed in Line 11?
· Where do you enter your total non-refundable credits?
· Where do you enter the deferred amount of the employer share of social security tax?
· Where do you enter total deposits, deferrals, and refundable credits?
· What is entered on Line 22?
Join this webinar by expert speaker Vicki M. Lambert, CPP to review all the changes in detail and how the employer can deal with them.
This presentation will cover:
· What’s New for Q2-Q4 2020
· Handling Credits for Paid Sick Leave and Paid Family Leave
· How to defer Employer’s Social Security
· IRS Form 7200: Purpose for the form and how it applies to you
· Line by line review of the massive changes of the Revised Form 941
· Correcting the Revised Form 941: Form 941X Covid-19 edition
And more!
Who Should Attend:
· Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
· Human Resources Executives/Managers/Administrators
· Accounting Personnel
· Business Owners/Executive Officers/Operations and Departmental Managers
· Lawmakers
· Attorneys/Legal Professionals
· Any individual or entity that must file the New Form 941 for the remainder of 2020
This webinar has been approved for 1.5 HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®,SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®).