Description
Form W-4 & W-2 Regulatory Update
Learn the latest updates on Form W-4 and Form W-2 wage and
withholding reporting. This webinar will put together your group of
workers for this filing year, enhance your employee reporting set-up and
maintenance practices, and reduce your risk of complaints from the IRS.
Experienced CGMA and businessman Miles Hutchinson will review the modern day regulations
and regulations concerning the filing of
Forms W-2 and will provide practical guidance in these areas which has emerge
as the concern of growing IRS scrutiny.
Why You Should Attend
The IRS is changing the rules in regulatory reporting once
again. We will review the current Forms W-4 and W-2 and related issues to
prepare you for a smooth reporting season.
Learning Objectives:
- Review
legal and regulatory changes for the reporting year
- Summary
of the influences of the Tax Credits and Jobs Act
- Benefits/credits
about to expire
- Retirement
funding – new thresholds
- Updated
forms, including the new form W-4 (no longer based on exemption
allowances)
- Reporting
the cost of employer sponsored health coverage – which employers are
affected, whilst employers must begin reporting, what to report, valuation
methods, etc.
- How
to handle expense reimbursements made to employees - reportable/taxable?
- How
to efficiently execute an electronic W-4 program
- Verifying
employee social security numbers online
- Applying
for advance credits using Form 7200
- Electronic
filing with the SSA using Business Services Online (BSO) – the
requirements and benefits
- Where
to turn when you want to transmit employee copies of W-2’s electronically
- What
your company can do to minimize resource consumption when complying with
this regulatory reporting requirement
- What
if we make a mistake? Corrections and penalties
Credits and Other information:
- Recommended
CPE credit – 2.0
- Recommended
field of study – Taxes
- Session
Prerequisites and preparation: None
- Session
learning level: Basic
- Location: Virtual/Online
- Delivery
method: Group Internet Based
- Attendance
Requirement: Yes
- Session
Duration: 2 Hours
·
Case
Studies and Live Q&A session with speaker
·
PowerPoint
presentation for reference
Who Will Benefit:
- CPA's
- CFOs
- Tax
Managers/Tax Professionals
- Tax
Attorneys
- Accountants
- Tax
Compliance Managers/Compliance Officers
- Bank
Managers
- Information
Reporting Officers
- Controllers
- Auditors
- IT
Managers
- Risk
Managers