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

IRS Form 940 and Unemployment

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 Law Update for California Tax Professionals (CTEC Approved-6273)

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

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

1 RCH credit for HRCI Certified Professionals (Approval No. 571285)

1 CE credit of Federal Tax Update for Oregon Tax Preparers

1 CE credit of Federal Tax for Maryland Tax Preparers

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

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Before starting this self study program, please go through the instructional document.

The topic is also scheduled as live webinar on the following dates

Oct 29, 2021 | 02:30 PM EDT Register


  • Who is subject to FUTA Tax?
    3 mins
  • FUTA Basic's
    6 mins
  • FUTA Taxable vs Reportable
    15 mins
  • Test your knowledge
    26 mins
  • SUI COVID-19 Impacts: Where we started?
    42 mins

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 live 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 you SUI rates
  • What is the SIDES program and its impact 

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?

  • 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 Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Young CPA