CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

IRS Form 940 and Unemployment

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • SHRM
  • CTEC
IRS Form 940 and Unemployment

1 Credit


Subject Area


Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00479-21-O)

1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0478)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 PDC credit for SHRM Certified Professionals (Approval No. 21-3RWHQ)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-U-00479-21-O)

1 CE credit of Federal Tax Update for Oregon Tax Preparers (Approval No. GEHNZ-U-00479-21-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

This Course is Also Available in Self Study (On-Demand)

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Course Description

For years the only changes payroll professionals had to worry about was normal rate changes for state unemployment each year.  But in recent years the IRS has made updates to the federal Form 940 and states are in a much different position financially regarding unemployment benefits.  Because several states are faced with depleted funds, changes are occurring on payroll unemployment taxes.  With COVID-19 legislation and all the extensions, FUTA and SUTA taxation has been an area that has become more complicated for both employees and employers.

This CE webinar for CPAs will review the necessary updates on where our unemployment system is and how this will affect the way payroll professionals will do their jobs now and into the future.

Key topics covered in this CE webinar for tax professionals: 

  • Updates to the Federal Form 940 and common errors committed
  • How the updates impact the jobs of payroll professionals
  • Extension of FUTA and SUTA taxation for both employees and employers
  • How to reduce and maintain your SUI rates
  • What is the SIDES program and its impact 

Click here to access CPE/CE courses on | Latest Tax Updates | SHRM and HRCI Approved Courses |

Learning Objectives

  • To discuss who and which earnings are subject to unemployment taxes
  • To summarize COVID-19 Legislative updates and how to manage them.
  • To review FUTA tax rate and tax deposition
  • To discuss Form 940 changes and common errors made
  • To examine how FUTA & SUTA interact and its importance
  • To discuss the status of the state unemployment system and how it will affect your job in the coming years
  • To summarize details of the FUTA Credit Reductions
  • To discuss what is the SIDES program and its impact
  • To discuss how to reduce and maintain your SUI rates

Who Should Attend?

  • Accountant
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Young CPA


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