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.
Areas will be covered during the Session
Why You should 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.
Who Should Attend
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.
Areas will be covered during the Session
Why You should 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.
Who Should Attend
Margie Faulk is a senior level human resources professional with over 15 years of HR management and compliance experience. A current Compliance Advisor for HR Compliance Solutions, LLC, Margie, has worked as an HR Compliance advisor for major corporations and small businesses in the small, large, private, public and Non-profit sectors. Margie has provided small to large businesses with risk management strategies that protect companies and reduces potential workplace fines and penalties from violation of employment regulations. Margie is bilingual (Spanish) fluent and Bi-cultural.
Margie’s area of expertise includes Criminal Background Screening Policies and auditing, I-9 document correction and storage compliance, Immigration compliance, employee handbook development, policy development, sexual harassment investigations/certified training, SOX regulations, payroll compliance, compliance consulting, monitoring US-based federal, state and local regulations, employee relations issues, internal investigations, HR management, compliance consulting, internal/external audits, and performance management.
