HR & Payroll

Overview:

The American Rescue Plan Act (ARPA) provide tax credits for Employers who provide voluntary Emergency Paid Leave the ARPA extends availability of the tax credits to those employers who qualify and voluntarily provide employees with EPSL and/or EFML through September 30, 2021. Now that Employers can receive tax credits for these benefits, many are looking on how to calculate these tax credits to ensure they receive the amount of tax credits and ensure accuracy.

Completing the IRS 941 form and the 941-X is the necessary process to collect the tax credits. Many Employers are familiar with the form 941 but not all are able to complete it with confidence with the so many steps. Add the fact that there have been many reported errors, it is an additional concern to complete the 941-X corrections appropriately to ensure compliance and avoid fines, penalties and criminal sanctions.

Why Should You Attend:

Employers need to complete the 941 and make corrections by completing form 941-X. Compliance best practice is for Employers to learn how to mitigate the processes that impact their company. From payroll employees to payroll providers, it is critical that Employers utilize all resources to ensure they follow the necessary protocols to complete these IRS forms. This training will provide Employers and professionals insight into how to complete the forms to ensure you maximize the tax credits offered by the ARPA and give the employees the confidence and transparency.

Session Highlight:

·       What are the changes from the Family First Coronavirus Response Act (FFCRA)

·       What has the American Rescue Plan Act (ARPA) removed and added for Employers during COVID-19

·       What other tax credits are available under the ARPA

·       How are the Employee Retention tax credits a benefit for Employers and employees

·       How Can Employers communicate the necessary changes to their employees

·       Why is it important for Employers to understand how to complete the 941 form and if necessary, the 941-X

·       What are the steps to completing form 941 effectively and error free

·       What are the steps to take when completing the 941 form and the 941-X form

·       What mistakes can be corrected by form 941-X

·       How should Employers coordinate with their payroll provider to ensure accuracy and compliance

Benefits For Attending:

This training will provide you clarity on completing the IRS 941 form and the 941-X to collect the tax credits and best practices to avoid fines, penalties, and criminal sanctions. In addition, each training I offer free customized compliance tools for all attendees. Also get:

·       SHRM Recertification PDU Credits

·       Free customized compliance tools in the form of guides, templates, policies, and toolkits

·       Additional HR Compliance Supplemental Slides

·       Free answer to all questions even after the training ends

Who Should Attend:

·       All Employers

·       Business Owners

·       Company Leadership

·       Compliance professionals

·       Payroll Administrators

·       HR Professionals

·       Managers/Supervisors

·       Employers in all industries

·       Small Business Owners

·       Large Business Owners