Form 941 is the connection between your financial records and the IRS charge records. Appropriate organization of this essential structure is basic on the off chance that you need to keep away from IRS Notices and the punishments and interest that go with them. Schedule B is likewise a pivotal structure for some businesses. The IRS requests that the Form 941 and the Schedule B match to the penny… each and every time… no matter what..!
It has consistently been a necessity that Forms 941 be accommodated with the Forms W-2 before presenting each structure. In the event that the business bombs in this compromise, the IRS and Social Security Administration can both evaluate punishments! This compromise has become considerably more basic these previous few years.
This online course covers IRS Form 941 and it's going with Form Schedule B for 2021. It talks about what's happening for the structure in 2021 including all progressions as of late made just as the necessities for finishing each structure line by line. It incorporates the recording prerequisites and tips on accommodating and adjusting the two structures. The online class additionally covers the structures used to alter or address the profits.
Session Highlights:
Line by line review of the 2021 Form 941
Tips for completing the Schedule B—liability dates vs. deposit dates
Tips to balance Form 941 and Schedule B to the penny—as required by the IRS
Form due dates
Who should sign Form 941
Reporting third-party sick pay, group term life insurance, and tips correctly
How to reconcile Forms 941 with the Forms W-2
What to do if you discover an error in deposits for the quarter when completing Form 941
Using the 941X form to correct Form 941
Why You Should Attend:
For the attendee to understand the requirements for completing the 2021 Form 941 correctly line by line.
To ensure that the attendee has the basic knowledge to complete the Form Schedule B according to the IRS regulations and to ensure that it reconciles down to the penny with the Form 941 prior to submission.
To ensure the attendee knows when a Form 941-X is required and provide the attendee with the basic knowledge of how to complete Form 941-X.
To demonstrate to the attendee the reconciliations needed under IRS and Social Security Administration regulations.
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 deal with the complexities and requirements of Payroll compliance issues
You may ask your Question directly to our expert during the Q&A session.
** You can buy On-Demand and view it at your convenience.
Vicki Lambert
Vicki M. Lambert, CPP,
is President and Academic Director of The Payroll Advisor™, a firm
specializing in payroll education and training. The company offers a
payroll news service which keeps payroll professionals up-to-date on the
latest rules and regulations. With
over 35 years of hands-on experience in all facets of payroll functions
as well as over 20 years as a trainer and author, Ms. Lambert has
become the most sought-after and respected voice in the practice and
management of payroll issues. She has conducted open market training
seminars on payroll issues across the United States that have been
attended by executives and professionals from some of the most
prestigious firms in business today.
A
pioneer in electronic and online education, Ms. Lambert produces and
presents payroll related audio seminars, webinars and webcasts for
clients, APA chapters and business groups throughout the country. Ms.
Lambert is an adjunct faculty member at Brandman University in Southern
California and is the creator of and instructor for their Practical
Payroll Online program, which is approved for recertification hours by
the APA. She is also the Program Developer, Subject Matter Expert (SME),
and Facilitator for the Certificate in Payroll Practice and Management
Program offered by Cengage Learning / Ed2Go through hundreds of colleges
and universities across the country.
This webinar has been approved for 1.5 HR (General) recertification credit hours toward California, GPHR, HRBP, HRMP, PHR, and SPHR recertification through the HR Certification Institute. The use of this seal is not an endorsement by the HR Certification Institute of the quality of the activity. It means that this activity has met the HR Certification Institute’s criteria to be pre-approved for recertification credit.
Edupliance is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org