W-2 and W-4 Update and Best Practices For 2018
Duration: 90 minutes
Speaker: Miles Hutchinson
Webinar Description
Learn the latest updates on Form W-2 and Form W-4 wage and withholding reporting. This webinar will prepare you for the 2017 filing year, improve your employee reporting set-up and maintenance practices, and reduce your risk of complaints from the IRS. Experienced businessman Miles Hutchinson will review the current law and regulations regarding the filing of Forms W-2 and W-4 and will provide practical guidance in these areas that have become the subject of increasing IRS scrutiny.
Agenda
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Review legal and regulatory changes for the 2017 reporting year
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Extension/expiration of the lower 4.2% Social Security tax rate
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Other benefits/credits about to expire
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Forms Update
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Impact of the VOW to Hire Heroes Act of 2011-taking your credits
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Reporting the cost of employer sponsored health coverage-which employers are affected, when employers must begin reporting, valuation methods, etc.
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Retirement funding 45 how to report
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How to handle expense reimbursements made to employees-reportable/taxable?
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How to efficiently execute an electronic W-4 program
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Verifying employee social security numbers online
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Electronic filing with the SSA using Business Services Online (BSO)-the requirements and benefits
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Transmission of employee copies of W-2's electronically
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What your company can do to minimize resource consumption when complying with this regulatory reporting requirement
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Corrections - When multiple W-2c's may be necessary to correct mistakes for a single "employee"
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Penalties - Know the new amounts and maximums and use them to encourage compliance
Logistics
- 90 minutes (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.