Form 940 and 2019 Unemployment Update (HRM119B)

1.0 CPE

1.0 PDC - AudioSolutionz is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM

1.0 HRCI Credit

Beware of Civil and Criminal Penalties

Many employers who fail to pay federal employment taxes (FICA & FUTA) do not do it wilfully, but often due to cash flow problems. Regardless of that, the government can impose a recovery penalty on "responsible persons" who controlled the funds that should have been deposited. And you might already be aware as an employer that wilful evasion of your federal employment taxes is a felony, and can get you fined heavily and jailed, too.

In this webinar, payroll and accounting expert Dayna J. Reum will bring you up to speed with your FUTA (Federal Unemployment Tax Act) tax liabilities in 2019, and show you how to properly fill Form 940 to avoid any conflict with a federal or state law. Reum will provide a complete view of unemployment from impact of claims to tax rates in this webinar. She will walk you through how payroll calculates the FUTA and SUTA (State Unemployment Tax Authority) tax each pay period, and guide you on how the states calculate the employer’s experience rating.

After attending this webinar, you will learn how to properly calculate, report, and remit FUTA and SUTA taxes. This webinar will also help you understand the current state of unemployment in the United States. Plus, you will have the tools to properly calculate tax and understand experience ratings, and know how to reduce the cost associated with unemployment claims and processing.

Session Highlights

Sign up for this webinar to:

• Understand who and what earnings are subject to unemployment taxes
• Learn about FUTA tax rate and tax depositing
• Know about Form 940 changes and common mistakes made
• Understand how FUTA & SUTA interact and why it is important to understand
• Understand the status of the state unemployment system and how it will affect your job in the coming years
• Learn about FUTA credit reduction details
• Know about the SIDES program and its impact
• Learn how to reduce and maintain your SUI rates

Who Should Attend

• All Payroll Professionals
• Accounting professionals in charge of payroll reporting
• Compensation/Benefits professionals in charge of unemployment