Lorman offers professional resources regarding COVID-19 and the 2020 Election

Live Webinar

100-minute live streaming program
  • November 29
  • 1:00 - 2:40 pm EST

IRS Form 940 Update: Employer's Annual Federal Unemployment (FUTA) Tax Return

November 29

Learn how to properly complete and report the IRS Form 940 as per IRS requirements.

Federal and state unemployment taxes have always been difficult to understand, but within the last couple of years with the economic changes in the United States a lot has changed in relation to both state and federal unemployment. These changes have included not only rate changes, but additions to small repayment taxes to special state assessments. This topic will review the unemployment basics and then explain the new changes and how they affect how we do business and stay compliant. Also, trends over the last couple of years due to the COVID-19 pandemic will be covered so employers know when and how to handle SUI-related changes.

Learning Objectives

  • You will be able to define FUTA.
  • You will be able to recognize who and what is subject to FUTA tax.
  • You will be able to review the basics of Form 940.
  • You will be able to discuss FUTA and state unemployment taxes.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

FUTA Basics
  • Understanding Who and What Is Subject to FUTA Tax
  • Understanding the FUTA Tax Rate
  • Depositing FUTA Tax
Form 940
  • Basics of Form 940
  • Changes to Form 940
  • Common Mistakes
FUTA and State Unemployment Taxes
  • How FUTA and SUTA Interact and Why It Is so Important to Understand
  • Recent Changes and Trends Due to COVID-19 and SUTA
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • CAPP/CAPA
     
  • This is an IAPP qualifying continuing education activity.
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for accountants, CFOs, controllers, accounts payable professionals, tax managers, presidents, vice presidents, bookkeepers, and enrolled agents.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Dayna J. Reum, CPP, FPC

Dayna J. Reum, CPP, FPC

Dayna J. Reum

  • Currently the director of payroll operations at a major medical center in Chicago
  • Has been heavily involved in the payroll field for more than 17 years
  • Starting as a payroll clerk at a small Tucson company, she moved on to be a payroll team leader at Honeywell Inc.
  • During her time at Honeywell Inc. she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association
  • Received several merit awards for customer service and acquisitions, and divestiture
  • Taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference
  • CPP (Certified Payroll Professional) through the APA
  • Serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA local tax subcommittee)
  • Received a citation of merit for her service along with being a gold pin member of the APA
  • Certified in HR hiring and firing practices and is a Six-Sigma Greenbelt
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 409194
Published 2021
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