Form 940 Update: SUI Unemployment and FUTA filing
About this Webinar
About Webinar
This webinar 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. 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.
Session Highlights
- Understanding who and what earnings are subject to unemployment taxes
- A review of the FUTA tax rate and tax depositing
- Discuss Form 940 changes and common mistakes made
- How FUTA & SUTA interact and why it is important to understand
- Discussion on the status of the state unemployment system and how it will affect your job in the coming years
- Details of the FUTA Credit Reductions
- COVID-19 updates and SUI impacts
- How to reduce and maintain your SUI rates
Why You Should Attend
- Form 940 basics and how to properly complete
- Form 940 changes
- FUTA and how to properly calculate
- FUTA and SUTA and how they interact
- Experience Ratings and how they work
- SUI tips and tricks to keep cost down
Who Should Attend
- Payroll Professionals
- Accounting Professionals
- Tax Professionals
- Finance Professionals
- Compensation Professionals
- Benefits Professionals
- Senior HR Professionals,
- HR Managers & Directors,
- HR Personnel,
- CEOs
- Managers
- Team Leaders
Note: You will get access to the Recording link and E-Transcript; in your account and at your registered email address.
Speaker(s)
Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference.
Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.
CEUs
The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.
Credits: 1.5
Supreme Trainer is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org
Credits: 1.5
Supreme Trainer 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 website: https://www.nasbaregistry.org.
Credits: 1.5
Credits: 0
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