Employment tax returns have been hammered by a flood of Congressional pandemic relief over and over again. Dripping with change after change, how do we push through and go on? This course will wash your employment tax clean.

First, it was the deferral of employer OASDI until 2021 and 2022. Next, sick pay and family leave were granted to employees under FFCRA, offset by all federal employment taxes (ET). Then, PPP blitzed America with an intricate employment tax interplay. Then, the president allowed the deferral of employee OASDI. Next, the employee retention credit (ERC) burst on the scene to retroactively co-exist alongside PPP loans and forgiveness—but not on the same wages. Finally, Congress changed the ERC/ET interplay prospectively. After all of that, the IRS weighed in (well, sort of).

How do all of the above compete for the same wages and soak against the other? Do you jump for joy over payroll tax credits? You will when you see how much money they can save you.

Learning Objectives: 

• Summarize how amended return mania can put serious cash right back into your pocket


• Identify how Form 941 and 941-X doubled overnight in size and scope


• Determine the employee retention credit (ERC)—the ET credit masquerading as a tax credit


• Evaluate planning cash flow involving employment tax deposits and refunds


• Recognize examples of various scenarios, filled out forms, and backup records


• Identify the ERC and FFCRA (and veteran’s employment, WOTC, R&D, and §45S) credits and PPP forgiveness wage absorption all on display


• Determine if you should do it yourself or manage the outside payroll vendor? (How to prevent being slain)


• Identify how ERC employment tax credits interact with income tax returns (Let the M-1 adjustment good times roll) 


• Plan to get every dollar you can get

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222