Form 941 Update for 2025
Speaker: Dayna J Reum
Speaker Designation: Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago
Speaker: Dayna J Reum
Speaker Designation: Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago
The form 941 is an essential form for all employers that pay employees and withhold federal and FICA (Social Security and Medicare) taxation. In recent years several changes to the 941 forms have made it difficult to understand. The importance of reconciliation and completion of not only Form 941 but Schedule B is becoming increasingly important for employers to avoid costly disputes with the IRS resulting in penalties and interest.
Staying compliant with quarterly payroll tax reporting is crucial to avoiding costly penalties.
This webinar offers a line-by-line walkthrough of Form 941, covering the latest updates, common IRS errors, and filing best practices. Learn the importance of Schedule B, authorized signers, and proper filing procedures, including claiming COVID-19 credits in 2025.
Ensure your organization remains compliant and up to date with the latest federal tax rules!
IRS Form 941 is a critical payroll tax document used to report federal income tax, Social Security, and Medicare tax withheld from employees' wages each quarter. The IRS frequently updates requirements, and employers must stay informed to ensure proper payroll tax compliance. With potential regulatory changes in 2025, understanding the latest filing rules, credits, and deposit schedules is essential for businesses to avoid audits and fines.
Dayna currently is the director of payroll operations at a major medical center in Chicago and has been heavily involved in the payroll field for more than 20 years. She started as a payroll clerk at a small Tucson company but moved on to be a payroll team leader at Honeywell Inc. During her time at Honeywell Inc., she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. Dayna has also received several merit awards for customer service acquisitions, and divestiture.
Dayna is no stranger to teaching; she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics include Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, and international and Canadian payroll.
She also serves on the National American Payroll Association the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee), and received a citation of merit for her service along with being a gold pin member of the APA. Dayna is also a CPP (Certified Payroll Professional) through the APA certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.
