Unemployment for 2020 and filing for 2019 (This Lecture Contains 1 SHRM Credit)
Dayna Reum ,CPP, FPC is a Keynote Speaker at Compliance Key. She is currently the Director of Payroll Operations at Ann & Robert H. Lurie Children's Hospital of Chicago . She has been heavily involved in the payroll field over 18+ years. Starting as a payroll clerk at a small Tucson company, She 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 ........
Overview
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 into the future.
For years the only changes payroll professionals had to worry about was 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 on payroll unemployment taxes.
Why should you attend this webinar?
- Understanding who and what earnings are subject to unemployment taxes
- A review of 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
- What is the SIDES program and what its impact will be
- How to reduce and maintain your SUI rates
Areas Covered in the Session:
- 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 can Benefit:
All Levels of Payroll Professionals
Past Webinar of Dayna Reum
