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 form have made is difficult to understand. The importance of reconciliation and completed of not only the Form 941 but Schedule B, is becoming increasingly important for employers to avoid costly disputes with the IRS resulting in penalty and interest
Dayna is currently the Senior Director of Payroll & HRIS at a major medical Center in Chicago. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc.