CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Payroll Taxes and IRS Form Update for 2020 and 2021

4.4 (13)

Dayna Reum

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

Tuesday, May 25, 2021 | 01:00 PM EDT

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • SHRM
  • CTEC

1 Credit

$10

Subject Area

Taxes

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-00478-21-O)

1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0479)

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

1 PDC credit for SHRM Certified Professionals (Approval No. 21-7FCX7)

1 CE credit of Federal Tax Update for Oregon Tax Preparers (Approval No. GEHNZ-U-00478-21-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-U-00478-21-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

tgif: transform grow innovate in finance

Jul 30, 2021 | 09:00 AM EDT View Details

excel accountant: printing and page layout

(1)

Jul 30, 2021 | 09:30 AM EDT View Details

gaap update

(4)

Jul 30, 2021 | 09:30 AM EDT View Details

comprehensive tax strategies & insights on real estate

(3)

Jul 30, 2021 | 10:00 AM EDT View Details

yellow book boot camp - nfp and governmental accounting & auditing update

(1)

Jul 30, 2021 | 10:00 AM EDT View Details

money laundering risks and countermeasures for accountants and other professionals

Jul 30, 2021 | 10:00 AM EDT View Details

talking through our differences – generational diversities impact on leadership and engagement

(1)

Jul 30, 2021 | 10:00 AM EDT View Details

foreign asset reporting rules

(90)

Jul 30, 2021 | 10:00 AM EDT View Details

taming the e-mail beast: key strategies for managing your e-mail overload

Jul 30, 2021 | 10:00 AM EDT View Details

new form 941, form 7200, erc, tax credits under ffcra, & other payroll updates in covid-19

(177)

Jul 30, 2021 | 10:30 AM EDT View Details

partnership preparation, basis calculations & distributions–form 1065 schedule k & k-1 analysis

Jul 30, 2021 | 11:00 AM EDT View Details

employment law in a nutshell – guidance for your business

(1)

Jul 30, 2021 | 11:00 AM EDT View Details

internal controls for businesses

(2)

Jul 30, 2021 | 11:00 AM EDT View Details

crucial tax insights on real estate: like kind exchange, dispositions of real property

(2)

Jul 30, 2021 | 11:30 AM EDT View Details

retirement plan governance best practices: essential documents

Jul 30, 2021 | 11:30 AM EDT View Details

Course Description

This CE Payroll Tax webinar is designed to help the participant to know updates for 2020 and 2021 necessary to stay in compliance with the IRS.  Did you know that penalties for information returns have been updated and can cost your company money if W-2’s and the required ACA forms are still required?  Or that the IRS now requested employers to report the Sick and Family Leave wages for the credit on the employee form W-2.  These kinds of items and many more will be reviewed.  We also will review the most updated information available on tax reform and the potential impact on payroll.  

Topics covered in this continuing education (CE) webinar: 

  • Form 941 & Form W-2
  • Changes to the Form 941 for 2020 and 2021
  • COVID-19 updates
  • Sick and Family Leave wages
  • Employer Retention Credit
  • Annual Taxation Updates
  • Deferred Comp
  • IRS Limits (Mileage, transportation, etc)
  • Taxation of Fringe Benefits

Learning Objectives

  • To understand where we are in current legislation
  • To understand the possible impacts of tax reform
  • Update on where legislation is with Tax reform and what the IRS is saying.
  • Annual updates you need to be aware of
  • Form updates and how to handle them for 2020 & 2021
  • COVID-19 legislation and how it has impacted employers
  • Tax Reform and how it will continue to impact how payroll functions

Who Should Attend?

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

Testimonial

Array
(
    [no_of_record] => 13
    [average] => 4.3846
)
 

4.4

(13)
54%
31%
15%
0%
0%

JS

Instructor was very knowlegeable

JC

I thought that is was a good idea to skip over the fundamentals that I'm sure most people have already had experience with and focus on the new and changed items.

TM

While the instructor seemed knowledgeable, for the visuals that she provided, she went over very basic information. A lot of businesses use payroll providers, so they wouldn't need so much basic information. More detailed knowledge of the specific updates on the forms and what the Acts actually provided would have been much appreciated. I don't know why there was a fee for this course.