Introduction

• This webinar will give you the tools to better be able to understand line by line of the Form 941.
• Details around 2023 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
• Filing the Form 941 when taking the COVID-19 credits in 2023

Areas Covered In The Webinar

1. 941 Basic Requirements

• Reporting Requirements
• 941 Due Dates
• Electronic Filing
• Signing Requirements

2. Line by line review including new tax credit lines

3. 2023 Q1 and Beyond Updates

4. COVID-19 updates and tax credits

5. Schedule B requirements and tips

6. Reconciliation of Form 941 and W-2’s at year end

Why should you attend?

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. The COVID-19 pandemic has also caused additional legislation to be passed that impacts the Form 941 these will be reviewed as well along with what has stopped and what are we continuing to report into 2023. Review of the latest updates and review of all the legislation that has changed the COVID credits that impact the Form 941 till current.

Who Will Benefit

• Payroll Professionals