Form 941 Changes and COVID-19 Tax Provisions
Duration : 90 Minutes
This course, 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®).
Jason Dinesen,
Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert and a well-known presenter of continuing education courses.
Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance Read more
Congress has passed special provisions relating to COVID-19, including the ability to defer payment on employer-side Social Security tax, a tax credit for qualifying businesses called the "Employee Retention Credit," and a tax credit for mandatory sick leave paid under the Families First Coronavirus Response Act. In response to these provisions, the IRS has released a new version of Form 941 for quarterly payroll filings, and a new form called Form 7200 for getting refunds of the tax credits. Learn about these changes and more in this webinar.
Course Objectives:
This webinar will cover payroll-related COVID-19 changes. These changes include: the ability to defer payment on employer-side Social Security taxes; a tax credit for employers who meet the requirements for the Employee Retention Credit; and a tax credit for paying mandatory sick leave under the Families First Coronavirus Response Act. In response, the IRS has released a new version of the Form 941 quarterly payroll report, to account for these deferrals and credits. The IRS has also released a new form called Form 7200 which can be used for claiming advance payments on the tax credits. We will talk about how all of these provisions and forms tie together. We will also discuss how Payroll Protection Program (PPP) loans enter into the mix on this.
Course Outline:
• Overview of payroll-related COVID-19 relief provisions
• How deferral of employer-side Social Security tax works
• How the Employee Retention Credit Works
• How the Families First Coronavirus Response Act credit works
• How a Payroll Protection Program (PPP) loan ties into all of this
• How the deferral and credits tie together
• The new Form 7200 for advance payment of the tax credits
• The re-designed Form 941 and how to fill it out
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
• 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
• Business Owners
• Managers
• Office Managers
• Bookkeepers
• CFO's
• Controllers
• Accountants
• Any individual or entity that must file the New Form 941 for the remainder of 2020
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
100% MONEY BACK GUARANTEED
Refund / Cancellation policyGet In Touch
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