form-941-and-schedule-b-for-2021-latest-updates-for-q3

Form 941 and Schedule B for 2021: Latest updates for Q3

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Live Webinar | CEU Approved

  • 60 minutes
  • 0 Day Left
     Oct 18, 2021
  •   01:00 PM - 02:00 PM ET
    10:00 AM - 11:00 AM PT

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 941form have made it difficult to understand. The importance of reconciliation and completion of not only Form 941 bus schedule B is becoming increasingly important for employers to avoid costly disputes with the IRS resulting in penalties and interest.  The COVID-19 pandemic has also caused additional legislation to be passed that impacts Form 941 these will be reviewed as well.  Review of the latest updates and review of all the legislation that has changed the COVID credits that impact the Form 941 till current.

Session Highlights:

  • Line by line review of the 2021 Form 941 3rd quarter
  • 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 the 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 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
  • 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.

Dayna Reum

Dayna Reum

Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures.

Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

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This webinar has been approved for 1 HR (General) re-certification 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 re-certification credit.

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