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 COVID-19 credits no longer on the 941 form as of 2024 there is question what changes does that mean.
SESSION HIGHLIGHTS:
- This webinar will give you the tools to better be able to understand line by line of the Form 941.
- Details around 2024 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
- Employer Retention Tax credit and the new form 7200
- Social Security employer tax deferral
Why You Should Attend:
- 941 Basic Requirements
- Reporting Requirements
- 941 Due Dates
- Electronic Filing
- Signing Requirements
- Line by line review
- 2025 Updates
- Schedule B requirements and tips
- Reconciliation of Form 941 and W-2’s at year end
Who Should Attend:
- Payroll Professionals
- Human Resources
- Accounting Personnel
- Owners
- Employee Benefit Professionals
- Lawmakers
- CFO’s
- Attorneys who are Dealing with Payroll Process
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