Skip to main content

Recent Legislation and the Effect on Small Business Payroll Tax Filings

Course Price: $559.00
CPE Credits
5
Date
July 22, 2020
Course Time
8:00 AM
Advanced Preparation
None
Course Level
Introduction
Prerequisite
Knowledge of IRS Processes and Federal Tax Law
IRS CPE
5
NASBA CPE
5
CTEC CPE
5
Instructor(s)
Nina Tross MBA, EA

Course Description

IRS: Federal Tax Law Topics 2 CPE/Federal Tax Law Update 3 CPE

CTEC: Tax Law 2 CPE/Tax Update 3 CPE

NASBA: Taxes 5 CPE

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.

Administration Policies: NSTP follows strict administrative policies
Late Registration
  • Registrations must be received no later than 7 days prior to the seminar date.
  • Registrations received after this date will be subject to a $35 late fee.
Refunds
  • NSTP provides refunds to registrants up to 7 days prior to the date of the course. For those registrants canceling within 14 days prior to the date of the course NSTP will allow attendance at another seminar site. If there are extraordinary circumstances NSTP will allow the participant to attend a future education course. An administrative charge of $25 will be assessed if canceled. For more information regarding refund, cancellation and complaint policies, please contact our offices at 800-367-8130
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.
Walk-In
  • We do not accept walk-in attendees. Payment must be received in advance of the class. Classes may not be retaken without payment.
Disclaimer
  • Seminar materials and seminar presentations are intended to stimulate thought and discussion and to provide attendees the useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any particular tax procedure, tax planning technique or device or suggestion or any of the tax consequences associated with them.
  • 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.
Attendance Policy
  • Only paid registrants are able to attend seminars. In consideration of your fellow attendees, guests will need to depart before the session begins. The seminar lunch is for paid registrants only and is included in the registration fee.