Payroll Legislative Update 2021
Tuesday, January 26, 2021 at 12:00 pm ET
Duration: 90 minutes
Speaker: Miles Hutchinson
Register for Live Webinar: $299
Register for Live Webinar Plus Recording Download: $349
Special Feature: If you register for this webinar and cannot attend, you will be able to access a one-time instant replay without charge for up to 90 days after the date of the webinar.
Bonus for Each Registrant: The webinar speaker will answer one written question that you may submit by email within one week after the webinar.
Webinar Description
Learn the latest updates from the Department of Labor on new minimum weekly standard salary level and the total annual compensation requirement for “highly compensated employees.” Get up-to-date information on IRS Form W-4 for 2021 and Form W-2 wage and withholding reporting. This webinar will prepare your staff for this filing year, improve your employee reporting set-up and maintenance practices, and reduce your risk of complaints from the IRS. Experienced CGMA and 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.
Why Should you Attend
If you are concerned about your company’s ability to comply with U.S. labor and payroll laws, join us for a quick update and help ensure your company pays your employees fairly and handles tax and other withholdings properly.
Agenda
- Review legal and regulatory changes for the year
- New Final Rule to update minimum salary amounts to be properly classified as Salaried Exempt
- New Final Rule re: Joint Employer Status under the FLSA
- Benefits/credits about to expire
- COVID-19 credits: correctly report qualified sick leave, employee retention and other credits on Form 941, and complete Form 7200 if needed
- Retirement funding – new thresholds
- Updated forms and instructions
- Reporting the cost of employer sponsored health coverage – which employers are affected, when employers must begin reporting, what to report, valuation methods, etc.
- How to handle expense reimbursements made to employees - reportable/taxable?
- How to efficiently execute an electronic W-4 program
- Step-by-step coverage of the new Form W-4
- How the Online Withholding Estimator can benefit you and your employees
- Verifying employee social security numbers online
- Electronic filing with the SSA using Business Services Online (BSO) – the requirements and benefits
- Where to turn when you want to transmit employee copies of W-2’s electronically
- What your company can do to minimize resource consumption when complying with this regulatory reporting requirement
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.