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Wednesday, August 31, 2022 Live Webcast

The Complete Guide to Payroll Taxes and 1099 Issues (E2208093)

9:00 AM - 4:30 PM EDT

Registration: 8:30 AM EDT

webcast

Vendor Platform

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.

This course features a live instructor and has been specifically designed for the NJCPA.

DESIGNED FOR

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

BENEFITS

  • Payroll tax requirements for wages, including wages subject to the .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?
  • Expenses and gross-up calculations
  • 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, 1099-NEC, SS-8, and Form 940
  • Understanding payroll tax responsibilities in the gig economy

HIGHLIGHTS

  • 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
  • Understand the gig economy and the payroll tax responsibilities associated with it

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

William Taylor

William F. Taylor, CPA

Surgent Professional Education

William F. (Bill) Taylor, CPA is President of Lifetime Financial Solutions, LLC, a financial coaching firm, and a CPA in private practice. Since retiring as Community Bank President of Renasant Bank in Water Valley, MS, he has served as an adjunct assistant professor in the MBA program at the University of Mississippi. Bill has worked in the employee benefit and investment fields for over 25 years, beginning his career as the Employee Benefits Coordinator in the Jackson, MS, office of KPMG Peat Marwick and managing his own firm since 1999. A nationally known consultant and speaker, Bill has conducted seminars for the American Institute of Certified Public Accountants, the American Society of Pension Professionals & Actuaries, CPA and bar associations in 45 states, and many private organizations. He has been awarded both the AICPA Outstanding Discussion Leader award and the James L. McCoy Discussion Leader of the Year Award from Surgent CPE. Bill is the author of Taxation of Employee Benefits Volume I and Volume II, and his articles have appeared in numerous publications.

PRICING

$289.00 - Member

$439.00 - Nonmember

Register Today


Note: Online pre-registration will close on August 31 at 8:30 AM.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent

AREAS OF INTEREST