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Tuesday, November 12, 2019 Iselin

The Complete Guide to Payroll Taxes and 1099 Issues (E1911113)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

APA Hotel Woodbridge

120 Wood Avenue South
Iselin, NJ 08830

8.0 CPE Credits in TX

OVERVIEW

Employment taxes are often overlooked as an area where more planning may be effective. Payroll taxes have become an increasing burden for the average business and IRS penalties for noncompliance have risen dramatically in recent years. They have also been subject to employer incentives. The Service has announced that uncovering noncompliance by employers ranks high on its audit list. This course presents a comprehensive overview of federal payroll taxes, Form 1099, and related compliance issues.

DESIGNED FOR

CPAs in public accounting and industry with responsibility for payroll tax compliance.

BENEFITS

  • Distinguish an employee from an independent contractor and understand the relief available to employees who misclassify
  • Understand how to complete Forms W-2, 1099-MISC, 1099-R, and SS-8
  • Comply with the quarterly and annual reporting for employment tax deposits

HIGHLIGHTS

  • Payroll tax requirements for wages, including wages subject to the new .9 percent tax, employee benefits and reimbursements, nonqualified deferred compensation, stock options, and tips
  • Fringe benefits issues, such as health insurance, life insurance, cafeteria plan benefits, accountable and non-accountable plans, standard mileage rates, and per diem rates
  • Special issues – using a common paymaster, how to file W-2s after a takeover, merger, or acquisition, and state and local tax withholding
  • Statutory employees, independent contractors, and possible changes to §530 relief
  • Penalties – who is a responsible person?
  • Moving expenses and gross-up calculations
  • Form 941 issues and problems, such as disability benefits, tip income, and deceased employees
  • Pension issues and payroll taxes including SIMPLE plans, and §401(k) and pension distributions
  • The Electronic Federal Tax Payment System (EFTPS)
  • Forms I-9, W-9, W-2, 1099, SS-8, and Form 940
  • Understanding payroll tax responsibilities in the gig economy

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

ADDITIONAL NOTES

Course materials are distributed electronically. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Robert Herman

Robert P. Herman, CPA, CITP, CGMA, MCP

Owner

RPH Consulting

Robert P. Herman is a Certified Public Accountant (NJ) holding the Certified Information Technology Professional (CITP) and Chartered Global Management Accountant (CGMA) designations. In addition, he holds a Microsoft Certified Professional (MCP) designation. Prior to becoming an instructor for continuing professional education seminars, he was a partner in a large CPA firm where he practiced tax and serviced the firm’s SMB market. Robert then became vice president for a large Sage Software reseller, where he supervised six consultants and led large client ERP installations and analysis. He most recently worked as the Director of Accounting for one of the largest Sage Software resellers. There his responsibilities included payroll preparation and oversight for over 230 employees in 25 states and Canada. He was also responsible for compliance of all tax filing (payroll and sales tax) in those states and in assisting the CFO in monthly financial preparation and analysis. Due to his technical knowledge he was also responsible for implementing, upgrading, and maintaining the company’s internal financial and payroll based software systems. Robert’s professional affiliations include: membership in the AICPA, New Jersey Society of Certified Public Accountants; past President, Passaic County Chapter of the New Jersey Society of Certified Public Accountants; past chairperson of the Information Technology Committee of the New Jersey Society of Certified Public Accountants; and past member of the Board of Trustees of the New Jersey Society of Certified Public Accountants. Robert served in the US Army as an officer in the MPs and spent time in many countries, including Vietnam.

PRICING

$379.00 - Non Member

$279.00 - Member

Event Cancelled

This event has been cancelled.

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COURSE DEVELOPER

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