February 20, 2025

Webinar

2 CPE

Webinar (CPA Crossings): Payroll Essentials: Getting to Know Payroll Taxes 🗓️

February 20, 2025
Webinar
2 CPE

Webinar (CPA Crossings): Payroll Essentials: Getting to Know Payroll Taxes 🗓️

  • View Bio

    Instructor

    Elizabeth
    Bystrom

    View Bio

    Elizabeth Bystrom

    Bio

    Elizabeth Bystrom, CPA possesses the unique talent of explaining the Internal Revenue Code to people in such a way that they actually understand what she is saying.

    Licensed in the State of Minnesota as a CPA, Elizabeth has been in public practice for over twenty years.  She spent the first ten years of her career working in accounting, business and individual tax departments at a mid-size regional accounting firm just north of Minneapolis, Minnesota before leaving to pursue her own dream of entrepreneurship.

    In 2010, she opened Elizabeth Bystrom CPA, Ltd., a boutique tax and accounting firm located in her hometown, White Bear Lake, Minnesota.

    Her natural approachability combined with her direct and honest style have served to produce a successful practice that serves her clients by unraveling the mysterious world of taxes one tax question at a time.  

    In recent years, Elizabeth created Expansion Consulting Service LLC as a way to spread the wealth of knowledge she has gained over the course of her career.  As a Subject Matter Expert for payroll CPE classes, Elizabeth creates and shares original content and relevant real-life examples, and offers insight into payroll related topics that impact small business and individual taxpayers alike.

🗓️ View additional dates for this course

Payroll is among the most common tasks an employer undertakes in the course of running their business. At its most basic level, payroll consists of an agreement between an employer and employee related to compensation for services. Once you look under the hood, there is so much more to payroll, including various kinds of compensation, payroll taxes and required reporting on government forms. This course will provide a general introduction to the inner workings of payroll and payroll taxes. We will introduce you to the various types of payroll statutory and withholding taxes, under what conditions and which employees these various types of taxes apply, how to calculate, withhold and deposit those taxes and the related due dates requirements that apply to payroll taxes. This course will include real-life examples of how to process payroll, the withholding and payroll tax deposit regime, familiar payroll forms, and tips and tricks for tying it all together. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives

After attending this presentation you will be able to...

  • Indicate the types of payroll taxes related to a typical payroll check
  • Distinguish between federal and state payroll taxes
  • Recall what makes up the components of a payroll tax deposit
  • Recall payroll tax deposit filing frequency rules, and requirements
  • Identify the various types of payroll tax returns employers need to file and the due dates of these forms
  • Examine the interplay between payroll tax deposits and payroll tax returns
  • Select correct payroll tax form for use in reporting employer payroll taxes
  • Identify IRS publications that are useful resources on payroll topics for employers

Major Topics

The major topics covered in this class include:

  • The various types of payroll taxes related to compensation
  • Payroll calculations related to the various of payroll taxes
  • Introduction to common payroll forms
  • Resources, recommendations, and guidance on compensation and payroll related topics

CPE Credits Available

2 CPE
2
Taxes

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Payroll Tax

Prerequisites

None

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

Appropriate for professionals at all organization levels, including seasoned professionals. This includes CPAs in public practice, as well as tax professionals working in industry, including those in Controller and CFO roles with limited exposure to payroll.

Provider

CPA Crossings, LLC

This event has ended.