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Form 941 - Line by Line descriptions on quarterly reconciliation for payroll

M. Swratz

MS Payroll

Monday, December 02, 2019 | 03:30 PM EDT

  • CPA
  • EA

1.5 Credits


Subject Area


Course Description

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 quarterly “red flag” for an IRS audit. Use this webinar as a basis to review your knowledge of what does and doesn’t belong on a 941, the information you need to complete it properly, and how to self-review before an official review happens.

Learning Objectives

  • Describe the 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 dept information needed.
  • Identify possible errors in your company that expose you to unnecessary liability.
  • Review and modify your payroll system as necessary.

Who Should Attend?

  • Business Owner
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Finance Director
  • Finance Pros
  • Young CPA