Correcting W-2's & 941's - Best Practices for 2014
Duration: 90 minutes
Speaker: Miles Hutchinson
Webinar Description
Have you ever had an employee surprise you on April 14 with an error in their W-2? Everyone is stressed out and in a hurry to fix the problem. Claims of errors need to be taken seriously, reviewed and corrected timely. The risk of errors on Form W-2 continues to increase as the tax code becomes more complex (ACA, MSRRA, reconciliation acts, etc.). It is very important for you to keep current with these changes to reduce the risk of errors and be able to better communicate proper reporting to your staff and your employees.
Learn how to quickly and properly make corrections to Form W-2 and Form 941. This webinar will prepare your staff for the 2013 filing year, and reduce your risk of complaints from the IRS. Experienced CPA and businessman Miles Hutchinson will review the current law and regulations regarding the filing of corrections to Forms W-2 and 941 and will provide practical guidance for efficiently handling errors and corrections using Forms W-2c, W-3c and 941-X.
Agenda
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Review legal and regulatory changes for the 2013 reporting year that increase your risk of errors
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Best practices for gathering, calculating and reconciling W-2 data
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Reconciliation of Form W-2 to Form 941 - best practices on when and why it must be done
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Latest information on reporting employer provided healthcare coverage
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How to prepare Form W-2c efficiently
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When to use the Form W-2c and when to correct the W-2 itself
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Use of Form W-3c
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Using SSA’s BSO to file Forms W-2c electronically
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Penalties for incorrect information have doubled and how that makes it imperative to verify employee names and social security numbers with the SSA data base
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How to prepare Form 941-X correctly
In addition, you will have the chance to ask Miles your most pressing questions in the live Q&A session following the presentation.
Logistics
- 90-minute webinar (Travel-Free) delivered over the Internet.
- Unlimited listeners per connection - bring the entire department.
- Q&A session with the expert.
This event will be presented live with a PowerPoint presentation to be viewed on your computer. You may listen to the audio of the webinar by telephone or through your computer. The PowerPoint slides will be provided shortly before the event. Once you register, you will receive an email which is your receipt and which includes your instructions for dialing in and logging on. You will also receive an email reminder 24 hours before the webinar.
What is a webinar?
A webinar is a live Internet based seminar. Webinars are a way for participants in many different locations to see and hear a presentation and view PowerPoint slides. You can also have your colleagues attend the webinar using one connection.
What kind of equipment do I need?
You will need a computer with an Internet connection (high speed service such as DSL or cable works best) and a telephone. You may listen to the webinar through your computer speakers, in which case you will not need to use a telephone connection. Internet access is not required for phone-only participants, but you will not be able to see the speaker’s slides.
How can I share the webinar with my colleagues who may not be able to attend the event?
CDs of each program will be available for sale and can be shared with your business associates.
Can I get a copy of the PowerPoint slides used in the webinar?
The PowerPoint slides will be available on the materials page link in the confirmation email that will be sent to you no later than the morning of the day a webinar is presented.
How do I ask a question during the webinar? Will my question be answered during the presentation?
A question and answer session will be scheduled at the end of each webinar. You can then ask a question by typing it into the question box that will be provided to you duringthe webinar. You may also ask a question through the telephone connection. As many questions as possible will be answered during the Question and Answer period.