Training Doyens

IRS audit is a much dreaded term even for many of the honest taxpayers. There have been instances where businesses have shut down after  IRS audits  and also the agency is quite meticulous about detecting questionable deductions or unreported income. This instills much fear among taxpayers, especially high-income taxpayers and self-employed individuals. However, it’s important to understand that instances of business shut down make up the worst case scenarios. IRS audits are, in fact, fairly routine and can be survived well. Although you are a diligent taxpayer, getting an audit notice from the IRS might make you nervous. Here are a few guidelines that would help you survive an  IRS audit  confidently: Respond to the Notice in Time Respond to an audit notice in time. When you get an audit notice, you usually have 30 days to respond to it. If you ignore it, the IRS may take action against you like adjusting your tax liability automatically which means you w...

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...

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 ...