Call us: +1-855-202-3299
Email: [email protected]
Speaker: Debbie Cash, CPP
Speaker Designation: Manager TLM Implementation, G&A Partners
No one wants to have to amend tax forms but no matter how many precautions you take to avoid it, there will always be a time that you will need to do an amendment. The material in this webinar will teach you how to collect the information needed to complete W-2 corrections as well as file the amended 941 forms and any additional state and local tax filings.
Paying employees is one of the biggest expenses for a company. Any company that has employees is required to withhold and pay payroll taxes. In addition to what you withhold from an employee, there are tax forms that must be filed and given to the employee. The size of your business, where you are located, and where your employees live and work; all of these things factor into what you must withhold from employees’ wages and what you must pay as an employer. Understanding these things and knowing how much to withhold, how often to pay, what forms to file, and what information to include is sometimes overwhelming.
No matter how much we double-check figures and try to make sure everything is correct on these forms before they are sent out there is always a time when an error is made or something was left out. Debbie will discuss in detail how to amend the W-2 form and 941 forms. Details of how to make these amendments, and how quickly you must get them to the employees and the government agencies that are affected will be covered.
During the webinar, Debbie will discuss specific types of errors found on form W-2 and provide guidance on how to make the necessary corrections. She’ll provide information on amending both current year and prior year corrections. Failure to properly amend corrected forms and payroll tax filings may result in additional tax, penalties, and interest. She will also help payroll departments avoid penalties and time-consuming responses to follow-up questions from the IRS and other taxing jurisdictions.
These types of changes also affect other government agencies such as State and Local forms. Making sure you are in compliance and completing all the necessary corrections in a timely matter is key.
The IRS and State and Local Governments assess big fines and penalties if businesses do not record amendments properly and get them to employees timely. You want to avoid these liabilities as much as possible.
Attend the webinar to better understand all types of situations that can cause you to amend these forms and how to make these amendments.
Key Topics covering Amendment of W-2s and 941s included in the webinar:
Navigating the intricacies of tax compliance is a fundamental responsibility for businesses, and understanding the process of amending Forms W-2 and 941 is crucial in ensuring accurate financial reporting. Businesses may encounter scenarios that necessitate amendments due to errors, omissions, or changes in financial information. Professionals need to be well-versed in recognizing when amendments are required and understand the proper procedures for rectification. By empowering professionals with this knowledge, organizations can strengthen their capacity to maintain compliance with tax regulations, mitigate potential risks, and uphold financial transparency, all while avoiding the pitfalls of inaccurate reporting. This understanding ensures businesses are well-equipped to navigate the dynamic landscape of tax compliance with confidence and precision.
Debbie Cash, CPP is a Manager of TLM Implementation at G&A Partners. G&A Partners is a Professional Employer Organization (PEO) that offers payroll, human resources, benefits management, risk management, and accounting services for businesses. G&A Partners acquired Employer Advantage LLC (PEO) in February 2022. Debbie began working for the organization in 2006 as a Payroll Tax Specialist and Time and Attendance Specialist. She was promoted to Time/Labor Manager in 2021.
Debbie earned an associate's Degree in Accounting from MSSU in 1985 and a bachelor's Degree in General Business from MSSU in 2006. She obtained her Certified Payroll Professional Certification in October 2006. She has 30+ years of experience processing payroll and payroll taxes for various different companies and professions.
Debbie worked as a Payroll Specialist at Missouri Southern State University from 1993 to March 2006. She attended the International Tax Conference in Wisconsin in 2005 and specialized in International Tax for Student Visa. She also worked for Joplin R-8 School District processing payroll from 1990 to 1993.
