This webinar will give you the tools to better be able to understand line by line of the Form 941.
Details around 2018 updates to the form 941 and review of common errors as reported by the IRS.
Review of Schedule B and the importance of completing correctly.
Review of who should sign the Form 941.
To better understand proper W-2 filing requirement's with the SSA.
Details around new codes added for The tax cuts and jobs act.
Better understand of the laws around how employers should provide W-2 to employees.
Understanding special state W-2 requirements.
Understanding who and what earnings are subject to unemployment taxes.
A review of FUTA tax rate and tax depositing.
Discuss Form 940 changes and common mistakes made.
How FUTA & SUTA interact and why it is important to understand.
This Webinar will cover withholding rules, reciprocity and residency definitions.
With the tax cuts and jobs act of 2017 being one of the most significant changes in tax withholding rules in sometime, the IRS is working diligently to get changes out quickly as they are asking companies and payroll systems to make the changes as quickly as possible as well. This webinar will give the most up to date information to help the payroll professional understand the changes and how it impacts employers. Plus how to communicate the changes to employees as well.
Companies are providing more fringe benefits to employers more than ever before, thus reduces company cost but raises employee moral. Because of this the IRS has more to say on what Fringe Benefits are taxable and what are not. The IRS for non-taxable fringe benefits puts a lot of regulation around how the fringe benefit is given and when that also determines if a thought non-taxable item may end up being taxable.
Review tasks and requirements of year end processing along with the most current legislative updates. The IRS provides updated tax rates and changes how taxable income is calculated each year. This webinar will assist the seasoned payroll professional on new legislation that needs to be considered. This webinar will also assist the W-2 new comer to understand all the boxes on the form W-2 and what should be reported. A brief overview of year end and W-2 best practices will also be discussed.
Discussion on AP & Payroll Functions and who should own responsibility of each including paying and reporting. Certain payments that effect both departments will be discussed. Will review the importance of understanding the relationship of the people being paid with the company to determine which department should handle. Along with a Q & A session.
Taxation questions for all employers and companies are a continuous struggle. Companies are always looking for ways to promote and keep key talent in their organizations. To do this more companies are give their leadership/executive teams more fringe benefits versus just compensation. Because of the rise in such fringe benefits it is becoming more critical for payroll professionals to understand special payment and or deductions that executive teams could be receiving and the tax implications of such benefits.