BHT&D Certified Public Accountants Blog

New IRS Form 941: Employment Tax Credits And Other Tax Relief

Posted by Karly Morris on Thu, Jul 02, 2020 @ 12:00 PM

On June 19th, 2020 the IRS published the final revised Form 941 that will be used for the remainder of 2020. The purpose of filing this quarterly form is to report to the IRS the wages subject to social security, Medicare and federal income tax withholding. This new revised form takes into account changes made by the Families First Act and the CARES Act that provided various types of payroll tax relief for employers.

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Tags: Small Business, Employment Tax, Family First Legislation, CARES ACT

Employer's Annual Federal Tax Return Available For Liability Under $1000

Posted by Lori Shepard on Thu, Jan 28, 2016 @ 08:00 AM

Small employers who have been filing Form 941 - Employer’s Quarterly Federal Tax Return - and expect that their employment taxes for the 2016 calendar year will be $1,000 or less may contact the IRS to request  to file annually on Form 944.  

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Tags: Payroll Tax, Small Business, Employment Tax, Form 944