Best Practices for Payroll Taxes and 1099 Issues

Course Details

Date

Friday, January 12, 2018

7:00am – 3:00pm (Registration: 7:04pm)

Location

Facility Pending

Online

Field of Study

Taxation

CPE Credit

8 hours CPE credit

Level of Knowledge

Intermediate

Vendor

AICPA

Prerequisites

Working knowledge of payroll tax issues or payroll type functions

Description

This webcast 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. We will also discuss 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 and your clients are complying and not subject to IRS penalties!

Highlights

TOPICS DISCUSSED

 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

Objectives

When you complete this webcast, you will be able to:

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.

Designed For

CPAs in industry and public accounting responsible for the payroll tax function

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee

Applicable if you are a WYOCPA member in good standing.

$249.00
Non-Member Fee

Applicable if you are not a WYOCPA member.

$319.00
Your Price $319.00

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