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Guide to Payroll Taxes and 1099 Issues (Z1-GPT4-2022-01-SSDL)

200 Minutes
On demand - Audio

On Demand - Audio

4 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. As a result, 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 an overview of employee versus independent contractor criteria, the federal payroll taxes form, 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 the withholding requirements for FICA and federal income taxes for Forms W-2 and 1099, including back-up withholding
  • Examine employer requirements regarding Form W-4
  • Understand the gig economy and the payroll tax responsibilities associated with it

HIGHLIGHTS

  • Statutory employees, independent contractors, and possible changes to §530 relief
  • Using SS-8
  • Examine employer requirements regarding Form W-4
  • Payroll Tax Penalties -- Who is a responsible person?
  • Forms W-2, 1099, 1099-NEC, SS-8, W-4, 941, and Form 940 reporting/deposit requirements and due dates
  • Understanding payroll tax responsibilities in the gig economy

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

PRICING

$79.00 - Member

$99.00 - Nonmember

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

Surgent

AREAS OF INTEREST