No matter how many measures you take, you cannot avoid amending your tax filings. You will learn how to make changes to quarterly 941 returns and employee W-2s in this course. Along with state and local tax return amendments, you will learn what information to collect in order to properly file these modifications.
The information will go over the many kinds of mistakes that can be discovered on form W-2 and offer instructions on how to fix them. Information about updating corrections from the previous year as well as those from the current year will be included in this article. Additional tax, fines, and interest may be incurred if revised documents and payroll tax filings are not appropriately amended. Payroll departments will benefit from this webinar by avoiding fines and having to spend time answering follow-up questions from the IRS and other taxing authorities.
The process for filing an amendment varies depending on the kind of tax return. You will learn more about the most typical payroll tax returns in this webinar.
Why should you attend?
One of the largest costs for a business is staff compensation. Payroll taxes must be paid and withheld by each business with employees. There are tax forms that need to be filled out and provided to the employee in addition to the amount that is withheld from them. What you must withhold from employees' earnings and what you must pay as an employer depends on a number of factors, including the size of your company, your location, and the residence and workplace of your employees. It can occasionally be overwhelming to comprehend these things, know how much to withhold, how frequently to pay, what forms to file, and what information to include.
There will always be instances where an error is made or something is omitted, regardless of how carefully we verify the numbers and make sure everything is accurate on these forms before they are sent. We will go over how to make changes to the W-2 and 941 forms in detail. We'll go over how to make these changes, how soon you need to give them to the employee, and which government entities are impacted.
State and local governments are among the numerous government bodies that are impacted by these kinds of developments. It's crucial to confirm that you are in compliance and make all required modifications on time. Businesses who fail to properly record modifications and provide them to employees on time risk significant fines and penalties from the IRS as well as state and local governments. You want to stay as far away from these liabilities as you can. You will gain a better understanding of the many circumstances that may require you to make changes to these forms as well as the process for doing so by attending this webinar.
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Who should attend this:
* There will be time allowed for questions at the end of the presentations. (Live Session)
*Not able to attend the live session? Choose an On-Demand session to watch the session later.
Debbie Cash, CPP is a Manager of TLM Implementation at G&A Partners. She was formerly a Payroll Tax/Time and Attendance Specialist at Employer Advantage LLC. G&A Partners is a Professional Employer Organization (PEO) that offers payroll, human resources, benefits management, risk management, and accounting services for businesses and they recently acquired Employer Advantage LLC a former PEO. She has been with the organization since 2006.
Debbie earned an Associates Degree in Accounting from MSSU in 1985 and a Bachelors Degree in General Business from MSSU in 2006. She obtained her Certified Payroll Professional Certification in October 2006. She has 30+ years of experience processing payroll and payroll taxes for various different companies and professions.
Debbie worked as a Payroll Specialist at Missouri Southern State University from 1993 to March 2006. She attended the International Tax Conference in Wisconsin in 2005 and specialized in International Tax for Student Visa’s. She also worked for Joplin R-8 School District from 1990 to 1993.
