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Navigating the Complexities of Payroll Taxes - 08-14-26
$29.95 $29.95
| Navigating the Complexities of Payroll Taxes |
Date: 8-14-26
Time: 3:00 PM – 4:00 PM EST
CPE Credit: 1 hour
This webinar will review the complete cycle from determining taxable income to final quarterly reporting to the IRS. Participants will learn how to review taxable income according to the IRS standards. Details about the form W-4 and how is a critical part of the employee tax withholding calculation. Review of the draft form W-4 for 2020 that includes the tax reform updates will be reviewed. The participant will better understand the changes and how it will impact payroll. A full review of the withholding depositing schedule and why completing deposits and reporting the deposits properly are critical to avoid IRS notices. Finally, a discussion about year-end best practices that will also avoid timely and challenging disputes with the IRS.
What you will gain:
You will be able to define the proper payroll withholding deposit schedule based on your business along with how to properly report the deposits to comply with the Internal Revenue Service.
You will be able to describe basic requirements of the Form W-4 and how it impacts the payroll tax calculation
You will be able to explain how to properly complete a Form 941 correctly
You will be able to identify proper taxable income methods
What will be covered:
- Withholding Taxes
- Calculating Taxable Earnings
- IRS definition of taxable earnings
- Fair Market Value
- Fringe Benefit Taxation
- Form W-4
- Basic W-4 Requirements
- Social Security and Medicare Taxes
- Tax Calculations
- Tax Calculation examples
- Calculating Taxable Earnings
- Depositing and Reporting Taxes
- 941 Basic Requirements
- Reporting Requirements
- 941 Due Dates
- Electronic Filing
- Signing Requirements
- Form 941 Line by line review
- Schedule B and Payroll Depositing requirements Reconciliation of Form 941 and W-2’s at year end
- 941 Basic Requirements
- Year-end Best Practices
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