Payroll Taxes and IRS form update for 2020 and 2021

Course Description
Course Qualification
Presenter
FAQ

Course Description

This CE Payroll Tax webinar is designed to help the participant to know the 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-2s 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

Click here for more webinars on PDC/RCH | Taxes.

Learning Objectives

To analyze where we are in current legislation
To study the possible impacts of tax reform
To update on where legislation is with Tax reform and what the IRS is saying.
To be aware of annual updates.
To evaluate form updates and how to handle them for 2020 & 2021

Recommended For

This payroll tax update webinar is recommended for tax professionals, CPAs as well as HR professionals who want to stay updated with their Payroll Tax-related changes.

Who Should Attend?

California Registered Tax Professional
Certified Payroll Manager
Compliance Managers
Compliance Officers
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
CPA in Business
Enrolled Agent
Entrepreneurial CPA
HR Professionals
Human Resources Manager
Maryland Tax Preparers
Oregon Tax Preparers
Payroll Compliance Practitioner
Tax Accountant (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. 22-D5HT2)
1 CE Credit of Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-00478-21-O)
1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
1 CE Credit of Federal Tax Law Update for Annual Filing Season Program (AFSP)
1 CE Credit of Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-00478-21-O)
1 CE Credit of Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-00478-21-O)
1 RCH Credit of HR (General) for Human Resource Certification Institute (HRCI) (Approval No. 583539)
1 CE Credit of Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0479)
1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
1 CE Credit for Certified Wealth Strategist (CWS)
1 General Credit for Accountant/Bookeeper

Additional details

Course Level :

Intermediate
Credits :

1
Instructional Method :

Group Internet Based
Pre-requisites :

Basic Knowledge Of Payroll Taxes And Related Forms
Advance Preparation :

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Dayna Reum

Specialist, 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

To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
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Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.4

40 Ratings

Excellent

Very Good

Average

Poor

Terrible

Lori Buis, Accountant

Dec 22nd, 2021

I would like to have this in an Hour and a half session. Overall, I enjoyed it.

Amanda Carter, EA

May 29th, 2022

Could have used more hands on examples. Went more in depth on a 101 learns level.

Cheryl Ladson, Accountant

Oct 27th, 2021

This was very informative. I understand there was a lot of material that the instructor was not able to go over. It was a lot to take in, considering the limited amount of time allowed.

Lynda Taxlady4u@att.net, EA

Dec 22nd, 2021

Instead of explaining certain issues she would say ‘be mindful of this or that’. I felt the issues were at best ambiguous.

Tina Muswieck, Accountant, EA

Jul 15th, 2021

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.