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Showing posts with the label IRS Form 941 Reporting Update

2019 updates on Form 941: basics, deposit schedules and IRS additional instructions

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OVERVIEW The IRS Form 941 is the quarterly reconciliation form that reconciles taxable wages with deposits made during the calendar quarter. Our upcoming webinar discusses the information you need to complete the form properly, and how to self-review before an official review happens. The webinar covers the following key areas: ·          IRS Form 941 basics, purpose, due dates and 2019 updates ·          How to determine if you are on the right deposit schedule ·          Consequences of late depositing and handling late deposits LEARNING OBJECTIVES The IRS Form 941 is the quarterly reconciliation form that reconciles taxable wages with deposits made during the calendar quarter. Simple, right? Depending on the complexity of your compensation structure, benefits, departmental decentralization and other factors, the 941 just might be a quarterl...

IRS Form 941: Simple Reconciliation Form or “Red Flag” for an Audit?

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OVERVIEW After attending this webinar you will be able to: Describe the IRS Form 941 , in detail, for your business needs. Discuss the efficiency of your payroll system vis-à-vis the information you need to complete Form 941 on time. Explain to your workforce the best practices for communicating to the payroll supervisors the information needed. Identify possible errors in your company that expose you to unnecessary liability. Review and modify your payroll system as necessary. WHY SHOULD YOU ATTEND The IRS Form 941 can be a forgotten item in today’s electronic filing environment. But its importance is greater now than ever. When it was manually prepared, payroll supervisors were more or less forced to consider what went into the calculations. If it is time to be reminded of what this form says to the IRS, why not use this webinar as an opportunity to do so? AREAS COVERED 941 basics Purpose of IRS Form 941 Due ...