This course is designed to provide you with practical pointers for managing the payroll tax and reporting function. Learn how to avoid the frequent penalties in payroll tax reporting and stay up-to-date with the latest information. It also shows how to handle reporting and withholding requirements for employee fringe benefits. Master the often confusing rules for Form 1099-MISC and other information reports including when and how much to report. Make sure you or your clients are in compliance and not subject to IRS penalties!
Update on new changes made to payroll tax legislation for the current year including changes in health care laws. Review of various websites, forms, publications and other payroll and benefit tax resources. Properly reporting payroll withholding for various types of compensation. Understanding the 20 Factor Test for employee classification, Section 530 relief for employers with worker classification issues. Reporting requirements on a quarterly and annual basis. Understanding New Hire Reporting and latest changes in I-9. Reporting to verify employee identity and work eligibility. Forms W-2 and W-3 Issues. How to properly classify employee benefit tax liabilities.
Working knowledge of payroll tax issues or payroll type functions
Recognize how to prepare timely and accurate wage and tax reports. Identify how to make timely and accurate payroll tax deposits and payments. Correctly classify employees and independent contractors for payroll tax purposes. Identify how to address payroll tax issues involving fringe benefits and their valuation. Identify and properly withhold for statutory employees and statutory non-employees. Recognize how to comply with information reporting including the various 1099 Forms and Form W-2. Identify how to properly report required information for new hires and obtain required information on work eligibility and identity. Recognize how to properly report back employee wages and back-up reporting of independent contractors. Determine taxable vs. tax free compensation.
This event features reduced virtual-event pricing. Find all events with virtual-event pricing here. For additional discounts, view our Value Programs
Pamela J. Davis-Vaughn is a general practitioner providing accounting, tax, and consulting services to clients across the United States from her office in Painted Post, New York. She has designed and taught undergraduate and graduate courses in state and local tax at Texas universities, including Baylor and Texas Tech, and has been a highly rated speaker at the Controller’s Roundtable, a sponsored event for controllers of automobile dealerships in Texas.
Pam holds a BS degree in Business and Accounting from the University of Kansas, an MBA from Wichita State University, and has completed post-graduate work in International Tax at New York University. She holds a license to practice in Kansas, Texas, and New York.
Non-Member Price $349.00
Member Price $249.00