This course 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. It also shows 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 or your clients are in compliance and not subject to IRS penalties. E-materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law.
DESIGNED FOR
CPAs in industry and public accounting responsible for the payroll tax function or those CPAs advising clients on payroll tax issues.
BENEFITS
- Prepare timely and accurate wage and tax reports
- Make timely and accurate payroll tax deposits and payments
- Correctly classify employees and independent contractors for payroll tax purposes
- Address payroll tax issues involving fringe benefits and their valuation
- Identify and properly withhold for statutory employees and statutory non-employees
- Comply with information reporting, including the various 1099 Forms and Form W-2
- Properly report required information for new hires and obtain required information on work eligibility and identity
- Properly report back employee wages and back-up reporting of independent contractors
- Properly determine taxable versus tax free compensation
HIGHLIGHTS
- Prepare timely and accurate wage and tax reports
- Make timely and accurate payroll tax deposits and payments
- Correctly classify employees and independent contractors for payroll tax purposes
- Address payroll tax issues involving fringe benefits and their valuation
- Identify and properly withhold for statutory employees and statutory non-employees
- Comply with information reporting, including the various 1099 Forms and Form W-2
- Properly report required information for new hires and obtain required information on work eligibility and identity
- Properly report back employee wages and back-up reporting of independent contractors
- Properly determine taxable versus tax free compensation
COURSE LEVEL
Intermediate
PREREQUISITES
Working knowledge of payroll tax issues or payroll type functions.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- *AICPA members deduct an additional $30 from applicable price.
Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.