For years the only changes payroll professionals had to worry about were 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 in 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 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 in the future.

Key Topics:-

• 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 your SUI rates
• What are 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 the FUTA tax rate and tax deposition
• To discuss Form 940 changes and common errors made
• To examine how FUTA & SUTA interact and their 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?

• Accountant
• California Registered Tax Professional
• CPA (Industry)
• CPA - Mid Size Firm
• CPA - Small Firm
• CPA in Business
• HR Professionals
• Human Resources Manager
• Maryland Tax Preparers
• Oregon Tax Preparers
• Tax Accountant (Industry)
• Tax Attorney
• Tax Director (Industry)
• Tax Firm
• Tax Managers
• Tax Practitioners
• Tax Preparer
• Tax Professionals
• Young CPA