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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

E-File the Updated Form 941 for 2nd Quarter of 2021 with ExpressEfile

ROCK HILL, SC / ACCESSWIRE / July 6, 2021 / The IRS released an updated version of Form 941 for the second quarter of 2021. IRS changes include 23 updated fields and four new worksheets. Employers need to file the revised Form 941 for q2 by August 2, 2021 to meet their second quarter deadline.

Businesses use Form 941 to report amounts withheld from employee paychecks for income, Social Security, and Medicare taxes. Employers with one or more employees file Form 941 every quarter. Over the past few quarters, Form 941 has been updated multiple times to reflect provisions for COVID-19.

Following new developments in COVID-19 tax relief, the IRS updated Form 941 for Q2 once again. On March 11, 2021, congress signed the American Rescue Plan Act of 2021 (ARP) into law, rolling out expanded tax credits for businesses.

Under the ARP, sick and family leave wages have been extended to cover time off for COVID-19 tests, vaccination, and recovery, and employee retention credit now covers up to 70% of eligible employee wages. The ARP also introduced COBRA premium assistance. This 100% COBRA subsidy allows employers to recover premiums collected by eligible individuals between April 1, 2021 and September 30, 2021.

The revised fields on Form 941 let employers report necessary information about sick and family leave wages, employee retention credit, and the new COBRA premium assistance. Four additional Form 941 worksheets and an updated Worksheet 1 help employers calculate refundable and nonrefundable amounts for all three COVID-19 tax credits.

ExpressEfile, a SPAN Enterprises product, is supporting the most up-to-date version of Form 941 and Worksheets 1-5 for the second quarter of 2021. Employers can complete their forms easily, validate their information with built-in error checks, and transmit their returns directly to the IRS. Users receive U.S.-based email support and instant notifications on their return's status.

When asked about the upcoming Form 941 deadline, SPAN co-founder and CEO, Agie Sundaram, said, "We're excited to help employers adjust to IRS changes and file Form 941 easily for their second quarter. ExpressEfile is the safest and most efficient filing solution for business owners, and we're offering the lowest price in the industry."

Employers can visit ExpressEfile.com to e-file Form 941 for the second quarter of 2021.

About SPAN Enterprises:

Since 2009, SPAN Enterprises has served trucking industry professionals with innovative cloud-based software solutions including ExpressTruckTax, TruckLogics, and ExpressIFTA. Hundreds of thousands of truckers look to SPAN Enterprises for affordable prices and excellent customer support. Additional SPAN Enterprises products include PayWow, ACAWise, 123PayStubs, ExpressExtension, ExpressEFile, and ExpressTaxExempt. These simplified tax and payroll products have revitalized the process of paying contractors and employees, staying ACA compliant, and e-filing business-related taxes. From their Rock Hill, SC office, SPAN Enterprises works every day toward a better future full of possibilities for every one of their clients. For more information about SPAN Enterprises, visit https://www.spanenterprises.com/.

Contact

Gabrielle Girard | Marketing
gabrielle@spanenterprises.com

SOURCE: SPAN Enterprises



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https://www.accesswire.com/654387/E-File-the-Updated-Form-941-for-2nd-Quarter-of-2021-with-ExpressEfile

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