Video instructions and help with filling out and completing How Form 944 Pr Payer

Instructions and Help about How Form 944 Pr Payer

Hello there everyone I know you're probably happy to think that a tax times over its april twenty second I mean you know I file on my federal return if you have a state one let's do a little later so this data or do after April just a 38 this year well you think everything is great well there's nine forty ones to be filed are you a business owner do you have small business Carol via what I'm going to help you out right now this is a 20-17 payroll and Excel version your bi-weekly version we're going to go over i'm going to show you how we automatically generate the numbers for a 941 so that you can fill it out here send it off be done with it and so let's go so this is the Beast that you have to deal with you have to deal with your 941 we're in 2021 probably q1 you're looking at right now because that's due when yeah that's do probably may first usually do about 30 days at the end of the quarter is talking about so you fill out this information but look worried about the details of your personal company but let's talk about the numbers so their numbers how many employees work what were their wages and what's the difference between this number and what the taxable Social Security reads what's taxable Medicare wage is there this money that's additional medicare withholding if they make over 200 grand a year they get over two hundred thousand dollars there's this I believe that's still there and you're on 2074 my faith beds or Republicans want to get rid of it and it might be gone eventually when they do text from but it's still there right now and donors are no to do that we mess around thank you change them it has happened to that so what are your trackers where you're just as what I or what did you pay you've got a thoughtful thing if you pay every month they had the total up a number here if you pay sending weekly there's some scapel be Dennis where you're going to find today and you visa payment so how do you make it easy and not an Oracle and make sure you did it right well here the solution so the table scraps and parallel self alpha guy for all types of different businesses in different states in sac situations i'm going to show you one of somebody who digs bi-weekly so every two weeks and it's in ohio and they have situations where they have non residents this case these non-residents rj1 holders which are not subject security and medicare so that changes the way this covers you can really do anything with these files and i have Dave Chappelle and Omarosa because they're both from Ohio and I have there with their various tests pretty sure I'll process variable say she's not we're messing her you can add a lot other personal information in here keep track all right don't worry about it now their unemployment rates their workers concrete this isn't really shifted follow much as it is to show you high 39 41 so assuming that Dave Chappelle work 40 hours at 100 bucks an hour and maybe he got a one-million-dollar bebes from netflix inward and he said for having the like highest watch specials ever he's great I don't know when I'm erosive starting for the champion illustration and she's probably making more than 15 buck bucks an hour so you can do things like pay stubs and let's talk about the 941 so this file we have on this 941 sheet is a way that you can fresh this and choose the corner and just active employed and this thing is going to fill itself out automatically and you look at what you're looking at it right here we're saying where the number of active employees right there too its counting up the number vacuum employees what are their wages Poquette so what goes on on the other scopes like a 941 sheet what goes on here is these are is the pivot table that's summing up all the information from this year and in here there are many many many formulas that do all these equations to figure out exactly what taxable wages are for certain people and how much federal tax calculator and all this nonsense so that takes a long time to do and you don't have to do that and we have artificial intelligence and luckily we have people who recorded out one of them to how to do this stuff and so we formulate it and this just becomes automatic what you're going 41 going to be for q2 bucher these two things are connected this slicer right here for quarter is going to this to the table ringer and also connected this to the table right here so that something of what your monthly payments are and then QQ to pay four thousand dollars for you know here your wages looks like Dave's tell them have any like a basin you more force us to do that we would for Medicare because over 127,000 dollars why because what happened because in q1 the main a building and so he you know this is the max that your Social Security come out of its one hundred twenty seven thousand two hundred dollars with this system and with this way of altering things to take away that mountain dollars and show you what's more reasonable you just refresh and everything changes in your all your vacation changes so this is how you would do them for like you want to copy this file there are many different versions of the file for pay period airs weekly bi-weekly send me more clear that I have available and then there's different states and.