Navigating the Complexities of Payroll Tax
May 27, 2026
10:00 AM PDT | 01:00 PM EDT
60 Minutes
712841
Group Attendees: Any number of participants
Recorded Version: Unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)
You will be able to define the proper payroll withholding deposit schedule based on your business along with how to properly report the deposits to comply with the Internal Revenue Service.
You will be able to describe basic requirements of the Form W-4 and how it impacts the payroll tax calculation.You will be able to explain how to properly complete a Form 941 correctly.
You will be able to identify proper taxable income methods.
Why should you Attend: This webinar will review the complete cycle from determining taxable income to final quarterly reporting to the IRS. Participants will learn how to review taxable income according to the IRS standards. Details about the form W-4 and how is a critical part of the employee tax withholding calculation. Review of the draft form W-4 for 2020 that includes the tax reform updates will be reviewed.
The participant will better understand the changes and how it will impact payroll. A full review of the withholding depositing schedule and why completing deposits and reporting the deposits properly are critical to avoid IRS notices. Finally, a discussion about year-end best practices that will also avoid timely and challenging disputes with the IRS.
Areas Covered in the Session:
- Withholding Taxes
- Calculating Taxable Earnings
- IRS definition of taxable earnings
- Fair Market Value
- Fringe Benefit Taxation
- Form W-4
- Basic W-4 Requirements
- Social Security and Medicare Taxes
- Tax Calculations
- Tax Calculation examples
- Depositing and Reporting Taxes
- 941 Basic Requirements
- Reporting Requirements
- 941 Due Dates
- Electronic Filing
- Signing Requirements
- Form 941 Line by line review
- Schedule B and Payroll Depositing requirements Reconciliation of Form 941 and W-2’s at year end
- Year-end Best Practices
Who Will Benefit:
- Payroll Professionals
Diane L. Dee, President of Advantage HR Consulting, has over 25 years of experience in the Human Resources arena. Diane's background includes experience in HR consulting and administration in corporate, government, consulting and pro bono environments. Diane founded Advantage HR Consulting in early 2016. Under Diane's leadership, Advantage HR provides comprehensive, cost-effective Human Resources solutions for small to mid-sized firms in the greater Chicagoland area. Additionally, Diane conducts webinars on a wide-variety of HR topics for various training firms across the country.
Diane holds a Master Certificate in Human Resources from Cornell University's School of Industrial and Labor Relations and has attained SPHR, SHRM-SCP, sHRBP and HRPM® certification.
Diane is a member of the National Association of Women Business Owners and the Society for Human Resource Management. Additionally, Diane performs pro bono work through the Taproot Foundation assisting non-profit clients by integrating their Human Resources goals with their corporate strategies.
