Friday, 2 December 2016

Understanding Payroll Tax Forms: 2016

Speaker: Patrick A Haggerty - Tax & Payroll Consultant
Date: December 6th Tuesday
Time: 01:00 PM EST | 10:00 AM PST
Duration: 90 Minutes
Product Code: 300181
Level: Intermediate

This webinar has been approved for 1.50 HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HRCI.
“The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.”

“This program is valid for 1.5 PDCs for the SHRM-CPSM or SHRM-SCPSM.”

Key Take Away

This payroll tax forms webinar will review the latest versions of the various payroll forms and changes to year end 2016 forms and new or draft versions of forms for 2017 & make you understand critical aspects of the forms in order to prepare and file them correctly and timely.

Overview

This webinar will cover the purpose and basic details related to the preparation and filing of common federal forms used to communicate payroll information between the employer and employee and between the employer and the IRS and the Social Security Administration. 
It will highlight the changes for various payroll tax forms as well as common errors and how to avoid them, reporting tips and traps, and penalty avoidance.

Why Should You Attend

Familiarity with payroll tax forms is essential for payroll professionals. The task is made more complicated when the IRS creates new forms or updates prior forms in response to changes in the laws and regulations. 

Notably, for 2016, the employer reporting requirements take full effect for employee health care coverage under the Affordable Care Act and the filing deadlines for W-2 Forms have changed.  

It is vital that payroll professionals are aware of the changes and use the latest version of the forms. Errors in preparing or filing payroll tax forms can result in costly penalties and interest charges.

This webinar will highlight the changes for various payroll tax forms as well as common errors and how to avoid them, reporting tips and traps, and penalty avoidance.

Areas Covered In This Webinar

·                  Key reconciliations for Forms W2 and 941
·                  Avoidance of late filing or late deposit penalties
·                  How to make interest free adjustments using Form 941X
·                  When an employer must use Forms 943, 944, and 945 

Learning Objectives

·                  Form I9 compliance including avoidance of document abuse
·                  Problems with Form W4 and how to avoid them
·                  Reporting tips and allocated tips on Form 8027
·                  Methods for filing and correcting Forms W2
·                  Preparing Form 940 
·                  2016 Reporting requirements under the Affordable Care Act
·                  Recordkeeping requirements

Who Will Benefit

·                  Payroll Supervisors and Personnel
·                  Payroll Consultants
·                  Payroll Service Providers
·                  Public Accountants
·                  Internal Auditors
·                  Tax Compliance Officers
·                  Enrolled Agents
·                  Employee Benefits Administrators
·                  Officers and Managers with Payroll or Tax Compliance Oversight
·                  Company/ Business Owners
·                  Managers/ Supervisors
·                  Public Agency Managers
·                  Audit and Compliance Personnel/ Risk Managers

Speakers Profile

Patrick A Haggerty

Pat Haggerty is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice. He began teaching accounting at the college level in 1988.  He is licensed as an Enrolled Agent by the U. S. Treasury to represent taxpayers at all administrative levels of the IRS and is a Certified Management Accountant.  He has written numerous articles and a monthly question and answer column for payroll publications. In addition, he regularly develops and presents webinars and presentations on a variety of topics including Payroll tax issues, FLSA compliance, and information return reporting.

Source Link: https://www.atozcompliance.com/trainings-webinar/banking-financial-services/accounting-taxation/understanding-payroll-tax-forms-2016/patrick-a-haggerty/300181

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