IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Payroll Tax Update (OnDemand Webinar)

$149.00

SKU: 410299EAU

Description

Gain a better understanding of the most pressing payroll tax issues you may face.Each year, the Internal Revenue Service (IRS) updates many tax threshold amounts and reporting requirements critical to payroll, accounting, and human resource professionals. Limits change, reporting requirements are updated, and new reporting forms are often introduced. This presentation will provide the information you need to be compliant with IRS tax limits, forms, and regulations. Verifying your system thresholds are set up correctly and benefit plans are updated is key to a more compliant 2023 tax year. You will be provided with the tools to confidently move into 2023, leaving 2022 in the rearview mirror.

Date: 2023-02-02 Start Time: End Time:

Learning Objectives

Forms W-2 and W-4 Updates
• Form W-2 Review
• Form W-2 Electronic Filing Requirements
• Form W-4 Review

Forms 1099
• Form 1099-K Reporting
• Form 1099-Misc and 1099-NEC – What Gets Reported Where

2023 Deduction Threshold Updates
• Section 125 2023 Update Limits
• Deferred Compensation 2023 Update Limits
• Taxable vs. Non-Taxable Fringe Benefits

Federal Unemployment (FUTA) and FICA Updates
• 2023 Social Security Thresholds
• FUTA Credit Reduction Update

AIPB ,HR Certification Institute ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Tricia Richardson, CPP, SPHR, SHRM-SCP-Purposed Payroll Professional

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Payroll Tax Update (OnDemand Webinar)

$209.00

SKU: 408045EAU

Description

Gain a better understanding of the most pressing payroll tax issues you may face.Understand state payroll tax requirements and proposal to modify the requirements at the federal level. Become familiar with remediation options and certain federal protections against state taxation. Update regarding recent developments, including Illinois payroll tax withholding requirements and new provisions as a result of COVID19 issues. Identify state payroll exposures and potential local tax benefits from employees working from home.

Date: 2020-09-21 Start Time: End Time:

Learning Objectives

Current State Rules

Mobile Workforce State Income Tax Simplification Act

Voluntary Compliance Programs

Federal Protections

Illinois Law Changes

COVID-19 Issues

Local Tax Sourcing

CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

William H. Gorrod-Baker Botts L.L.P., Cosimo A. Zavaglia – Morgan, Lewis & Bockius LLP

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Payroll Tax Update (OnDemand Webinar)

$209.00

SKU: 407503EAU

Description

Gain a better understanding of the most pressing payroll tax issues you may face.Understand state payroll tax requirements and proposal to modify the requirements at the federal level. Become familiar with remediation options and certain federal protections against state taxation. Update regarding recent developments, including Illinois payroll tax withholding requirements and new provisions as a result of COVID19 issues. Identify state payroll exposures and potential local tax benefits from employees working from home.

Date: 2020-07-14 Start Time: End Time:

Learning Objectives

Current State Rules

Mobile Workforce State Income Tax Simplification Act

Voluntary Compliance Programs

Federal Protections

Illinois Law Changes

COVID-19 Issues

Local Tax Sourcing

No Credit Available

William H. Gorrod-Baker Botts L.L.P., Cosimo A. Zavaglia – Morgan, Lewis & Bockius LLP

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Payroll Tax Update (OnDemand Webinar)

$209.00

SKU: 405713EAU

Description

Gain a better understanding of the most pressing payroll tax issues you may face this year.Companies must be diligent in deducting the proper amounts of payroll taxes from employee’s paychecks. This is why it is important to ensure you do not misclassify the employees versus the independent contractor. Not only does the employee pay on taxes, but the company must also pay for its employee through the company’s portion of taxes. This topic will show how much employees really cost the employer. You will learn about how the fringe benefits given to all level of employees affect the bottom line and which fringe benefits must be taxed and by how much. The material will cover the due dates on taxes and what happens when late payments are made. Lastly, you will learn how to avoid those dreaded tax notices by making deposits properly.

Employer Taxes: How Much Do Your Employees Really Cost?
• Misclassification of Employees vs. Independent Contractors
• Social Security/Medicare Tax • Employer Match
• Federal Unemployment Tax Calculation • State Loan Repayment
• State Unemployment Taxes
• Pre-Tax Medical Deductions

Fringe Benefits
• Sick or Vacation Pay
• Company Cars
• Employee Discounts
• Tuition Reimbursement
• Country Clubs
• Athletic Facilities
• Frequent Flyer Miles
• Moving Expenses
• Employee Parking
• Holiday Bonuses
• Deminimus Fringe Benefits

Determining the Due Dates on Taxes
• Frequency of Federal Tax Payments
• When Does the Payment Date Become More Frequent?
• Threshold Amounts to Watch
• Holidays and How They Affect Due Dates

Tips on Avoiding Tax Notices
• Steps to Ensure Accuracy
• Tax Deposit
• Quarterly Reconciling

Thresholds and Tax Frequencies

ASA ,SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

R. Shawn McBride-R. Shawn McBride Law Firm, PLLC