This webinar will start with a review of payroll changes for 2023. This includes COVID-19-related tax credits such as the employee retention credit, the credit under the Families First Coronavirus Response Act, and the credit for COBRA payments. We will cover how to claim these credits and how to report them. We’ll also cover 1099 changes relating to reporting contract labor. We will close the webinar with a discussion about Form W-4 and other withholding updates.
Why you should Attend
COVID-19 has led to changes in payroll reporting and plenty of confusion. And before COVID-19 came changes to the Form W-4 and withholding tables. This webinar will demystify these changes and lead to you having more confidence in meeting your payroll-reporting obligations and taking advantage of tax credits your business might be entitled to.Areas Covered in the Session
- The employee retention credit
- Families First Coronavirus Response Act
- COBRA credits
- How to use the 941 to claim these credits
- How do report these credits on business tax returns and employee W-2s
- 1099 changes to be aware of
- Form W-4
