This webinar will prepare your staff for this filing year, improve your employee reporting set-up and maintenance practices, and reduce your risk of complaints from the IRS. Learn the latest updates on Form W-4 and Form W-2 wage and withholding reporting.
Experienced businessman Miles Hutchinson will review the current law and regulations regarding the filing of Forms W-2 and will provide practical guidance in these areas that have become the subject of increasing IRS scrutiny.
Why Should You 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.Experienced businessman Miles Hutchinson will review the current law and regulations regarding the filing of Forms W-2 and will provide practical guidance in these areas that have become the subject of increasing IRS scrutiny.
Areas Covered in the Webinar:
- Review legal and regulatory changes for the reporting year
- Benefits/credits about to expire
- Retirement funding - new thresholds
- Updated forms, including the new form W-4 (no longer based on exemption allowances)
- Updated form W-2
- Reporting the cost of employer sponsored health coverage - which employers are affected, when 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
- 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
Who Will Benefit:
- Information Reporting Officers
- Tax Managers
- Accountants
- Financial Advisors
- Banking Audience
- Finance Audience
- Supervisors/Regulatory Bodies
- Bank Managers
- Banking Operations
- Compliance Officers
- Compliance Managers
- CFOs
- Controllers
- Payroll Managers
- HR Managers
- Accounting Managers
- Auditors
- IT Managers
- Attorneys
Course Content
- Review legal and regulatory changes for the reporting year
- Benefits/credits about to expire
- Retirement funding - new thresholds
- Updated forms, including the new form W-4 (no longer based on exemption allowances)
- Updated form W-2
- Reporting the cost of employer sponsored health coverage - which employers are affected, when 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
- 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
Speaker
Miles HutchinsonCourse Provider
Miles Hutchinson,
