Form 941 is the link between your payroll records and the IRS tax records. Proper administration of
this vital form is critical if you want to avoid IRS Notices and the penalties and interest that
accompany them. The Schedule B is also a crucial form for many employers. The IRS demands that
the Form 941 and the Schedule B match to the penny…every single time…without fail!
It has always been a requirement that the Forms 941 be reconciled with the Forms W-2 prior to
submitting each form. If the employer fails in this reconciliation, the IRS and Social Security
Administration can both assess penalties! This reconciliation has become even more critical these
past few years.
-For the attendee to understand the requirements for completing the latest version of the
2023 Form 941 correctly line by line.
-To ensure that the attendee has the basic knowledge to complete the Form Schedule B
according to the IRS regulations and to ensure that it reconciles down to the penny with the
Form 941 prior to submission.
-To ensure the attendee knows when a Form 941-X is required and provide the attendee with
the basic knowledge of how to complete Form 941-X.
-To demonstrate to the attendee the reconciliations needed under IRS and Social Security
This Presentation will cover:
-Line by line review of the 2023 Form 941 first quarter(Q1)
-Pending changes to the last and current quarter
-Tips for completing the Schedule B—liability dates vs. deposit dates
-Tips to balance Form 941 and Schedule B to the penny—as required by the IRS
-Form due dates
-Who should sign the Form 941
-Reporting third party sick pay, group term life insurance and tips correctly
-How to reconcile the Forms 941 with the Forms W-2
-What to do if you discover an error in deposits for the quarter when completing the Form
-Using the 941X form to correct the Form 941
Why Attend this Training-
This webinar covers the IRS Form 941 and its accompanying Form Schedule B for the first quarter of
2023. It discusses what is new for this version as well as the requirements for completing each form
line by line. It includes the filing requirements and tips on reconciling and balancing the two forms.
The webinar also covers the Forms used to amend or correct the returns.
-Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level
-Human Resources Executives/Managers/Administrators
-Business Owners/Executive Officers/Operations and Departmental Managers
-Any individual or entity that must deal with the complexities and requirements of Payroll
Vicki M. Lambert, CPP,
is President and Academic Director of The Payroll Advisor™, a firm specializing
in payroll education and training.
With nearly 40 years of hands-on experience in all facets of payroll
functions as well as over three decades as a trainer and author, Ms. Lambert
has become the most sought-after and respected voice in the practice and
management of payroll issues. She has
conducted open market training seminars on payroll issues across the United
States that have been attended by executives and professionals from some of the
most prestigious firms in business today.
A pioneer in electronic and online education, Ms.
Lambert produces and presents payroll-related audio seminars, webinars, and
webcasts for clients, APA chapters, and business groups throughout the country.
Ms. Lambert is an adjunct faculty member at Brandman University in Southern
California and is the creator of and instructor for their Practical Payroll
Online program, which is approved for recertification hours by the APA. She is
also the instructor for the American Payroll Association’s “PayTrain” online program
also offered by Brandman University.
Clatid is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please portal.shrm.org.
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