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IRS Form 940 and Unemployment

  • AFSP
  • CPA (US)
  • EA
  • HRCI
  • Tax Preparer
  • SHRM
  • CRTP

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

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  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

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

Recommended For

The IRS-Approved CE course is recommended for CPAs, EAs, AFSPs, and other tax professionals desiring to learn about IRS forms.

Who Should Attend?

  • Accountant
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • HR Professionals
  • Human Resources Manager
  • 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

Course Qualification

Webinar Qualifies For

  • 1 PDC Credit of Business Acumen for SHRM Professionals (Approval No. 21-3RWHQ)
  • 1 RCH Credit of Human Resources for HRCI Professional (Approval No. 583554)
  • 1 CE Credit of Federal Tax Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-00479-21-O)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit of Federal Tax Law Update for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0478)
  • 1 CE Credit of Taxes for Annual Filing Season Program (AFSP)
  • 1 CE Credit of Federal Tax Update for Tax Professionals (Approval No. GEHNZ-U-00479-21-O)
  • 1 CE Credit of Taxes for Tax Professionals (Approval No. GEHNZ-U-00479-21-O)

Presenter

About Presenter

Dayna Reum

Director of Payroll Operations Ann & Robert H. Lurie Children's Hospital of Chicago

Dayna currently is the director of payroll operations at a major medical center in Chicago and has been heavily involved in the payroll field for more than 20 years.

She started as a payroll clerk at a small Tucson company but moved on to be a payroll team leader at Honeywell Inc. 

During her time at Honeywell Inc., she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. Dayna has also received several merit awards for customer service and acquisitions, and divestiture.

She also serves on the National American Payroll Association on the national Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee), and received a citation of merit for her service along with being a gold pin member of the APA.

Dayna is also a CPP (Certified Payroll Professional) through the APA and certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.


About Company

Ann & Robert H. Lurie Children's Hospital of Chicago

www.luriechildrens.org/

Ann & Robert H. Lurie Children's Hospital of Chicago is the largest pediatric healthcare provider in the region with a 130 year legacy of excellence. We are proud to serve as the pediatric teaching and research partner of Northwestern University Feinberg School of Medicine, and are ranked nationally in all 10 pediatric specialties by U.S. News & World Report.

Faq

FAQs content

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IRS Form 940 and Unemployment

$10

1 Credit

Subject Area

Taxes

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