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Payroll Best Practices: 2011 Year End and 2012 Preparation

Duration:
90 Minutes
Access:
6 months
Webinar Id:
700054
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Recorded Version

$165. One Participant

Recorded Version: Unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)

Overview:

Year end is fast approaching, so once again it is time for the payroll department to close out and update information for the past year and prepare for the new one. 2011 brought many changes in payroll related issues. And the performance and success of 2012 will rely heavily on how well 2011 is updated and closed.

In this busiest time of year for payroll professionals, information and help in navigating the complex compliance issues that affect year end and year beginning are invaluable. Join renowned payroll expert Vicki M. Lambert in this information packed recap of compliance issues and requirements for 2011 Year End closing and information for preparing the payroll department for a successful 2012!

Areas Covered in the Session:
  • Why you cannot use "magnetic media" in 2011 to submit to SSA but may have to use to submit to the state
  • Reconciliation of Form W-2 to Form 941 and why it must be done
  • Update on year-beginning annual changes for social security wage base, fringe benefit limitations, federal per diem allowance, standard mileage rate, qualified transportation fringe benefits and more.
  • How to use the required year-end notice to update your employees for the coming year
  • Best practices on organizing the payroll department for year end including action item check lists for Form W-2, Year end and Year beginning to ensure a smooth process
  • How to handle duplicate requests for Form W-2 including charging fees
  • Best practices for gathering, calculating and reconciling W-2 data
  • Taxation of fringe benefits at year end including awards and prizes, moving expenses, personal use of company cars and gift certificates
  • Electronic delivery of W-2s to employees
  • When to use the Form W-2c and when to correct the W-2 itself
  • State regulatory changes affecting payroll including SUI wage bases, minimum wage increases and more
  • Review of EFW-2 record changes for tax year 2011
  • Review of filing deadlines
  • 2012 changes to Form W-2 including the Affordable Health Care Act
Who Will Benefit:
  • Payroll Professionals
  • Human Resources
  • Accounting Personnel
  • Business Owners
  • Lawmakers
  • Attorneys, or any individual or entity that must deal with the complexities and technicalities overtime calculation within the payroll process.
Instructor:

Vicki M. Lambert, CPP is president and academic director of The Payroll Advisor™ a firm specialized in the training of payroll professionals. With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today.

Ms. Lambert has lectured extensively on payroll administration and compliance issues for clients that have included Automatic Data Processing, CCH Incorporated, Ceridian Employer Services, and The Employer Group. Ms. Lambert has also served as a consultant and in-house trainer for businesses such as Sun Microsystems, Paychex, Fox Studios, Disney, County of Riverside, and City of Hesperia. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California. She is the creator of and the instructor for the Practical Payroll Online program offered through the School of Extended Education.


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