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2J. Recent Legislation and the Effect on Small Business Payroll Tax Filings - 2 Part Series

Course Price: $229.00
CPE Credits
January 20, 2021
Course Time
10:00 AM
Advanced Preparation
Course Level
Knowledge of IRS Processes and Federal Tax Law
Nina Tross MBA, EA

Course Description

January 20, 2021

  • 10:00 am - 11:45 pm  Pacific Time Zone
  • 11:00 am - 12:45 pm  Mountain Time Zone
  • 12:00 pm - 1:45 pm  Central Time Zone
  • 1:00 pm - 2:45 pm  Eastern Time Zone

January 21, 2021

  • 10:00 am - 12:45 pm  Pacific Time Zone
  • 11:00 am - 1:45 pm  Mountain Time Zone
  • 12:00 pm - 2:45 pm  Central Time Zone
  • 1:00 pm - 3:45 pm  Eastern Time Zone

As a result of COVID-19 the tax professional will need to drill down into the most recent guidance and instructions regarding the preparation of the Form 941 and Form 7200 in compliance with the Families First Coronavirus Response Act (FFCRA), the Employee Retention Credit (ERC), and the postponement of depositing the employer portion of the Social Security taxes. In May, the SBA released the Payroll Paycheck Program (PPP) Loan Forgiveness Application. During this course we will provide a detailed explanation of how to complete the application and which documentation must be retained by the business owner.

We will also provide updated information regarding the new Form W-4, tips and supplemental wage payments, wages subject to non-payroll income tax withholding, and the filing requirements for independent contractors and the new Form 1099-NEC.

Learning Objectives

At the conclusion of this course the participant will be able to better understand the solutions to the complications involved in properly issuing payroll to employees and payments to independent contractors.

The participant will have a better understanding of the requirements for the COVID-19 reporting including the full time employee equivalent (FTEE), the difference in reporting payroll for shareholders and partners, and other expenses eligible for the PPP loans.

Webinar is an interactive visual and audio presentation course, hosted by a NSTP Instructor. A great way to interact, submit questions and post comments. The course includes a pre-recorded webinar and may include PowerPoints slides, a PDF textbook or both.
  • Each participant must answer the poll questions during the webinar in order to be awarded CE credits failure to do will result in no CE credits per National Association of State Boards of Accountancy (NASBA) CE program standards.
Administration Policies: NSTP follows strict administrative policies
Webinar Registration

It is vital that each individual taking the webinar register under their own name and email. The webinar link will be sent to the email of the registrant. Because the links are unique for each email address, they will not work if forwarded to another email address.

Cancellation: NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.

Refunds, Cancellations, Complaints

For more information regarding refund, cancellation and complaint policies, please contact our office at 800-367-8130.

Webinars are Interactive Visual and Audio Presentations

Each participant must answer the poll questions that appear on the screen during the webinar: failure to do so will result in no credits being awarded for that webinar.

There is no support to earn webinar CE by listening on a phone only.

Webinar Audio Troubleshooting

Keep all electronic handheld devices, such as Blackberries or cell phones, away from microphones and speakers.

A USB headset is recommended. If you are hearing an echo, try the following:

  • If using speakers for sound, reduce your speaker volume to a low level and keep your microphone away from your speakers
  • If you think the echo is from an attendee, see who is speaking and ask them to lower their speaker volume or alternately you can mute that attendee’s sound
  • If joining via telephone, make sure the audio setting on your Control Panel is not set to mic & speakers
  • Check to see if your built-in laptop microphone is turned off. If not, turn it off– built-in mics can cause echoes
  • If your webcam mic is on, turn it off – webcam mics can also cause echoes
  • If using a microphone, move it closer to you and away from sound-generating devices (computer fans, speakers, etc.)
  • Do not move or touch the microphone, especially when speaking

If there are delays, words are dropped or you hear robotic sounds:

  • This is often due to poor network performance, lack of memory or high CPU usage
  • Close all applications, tabs, programs you are not using for the presentation

VoIP users:

  • Dial-up Internet connections are inherently slow and can cause problems
  • Broadband Internet connections are recommended
  • If problem persists, switch to telephone and dial in to the meeting. You must select “Telephone” in the Audio pane to do this.

Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author,the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.