Instructor Profile

The tax reform act made the most significant change to Form W-4 since it was originally created back in the 1940’s Since then employers want to understand better how to advise employees and how to properly process the form. Dec of 2022 The Tax Cuts and Jobs Act was passed and it was one of the most significant tax changes in some time to the Form W-4.

The new form has also impacted payroll and the calculation of payroll tax withholding employees still is not clear how it functions.

Form W-4 is the baseline payroll tax form that as payroll professionals we are constantly dealing with. Every day changes are occurring that affect how we handle these forms. It is critical to stay on top of current rules and regulations regarding these critical forms.

Besides payroll tax, garnishments in general can be the most compliance-rich area for companies to maintain. Understanding all the laws in regard to garnishments such as child support orders, Federal and state levies, student loans and credit garnishments can be overwhelming. It is important for companies to understand these laws and how to apply them to avoid costly penalties.

A better understanding of the employer's responsibilities Defines how to properly calculate Garnishment deductions. According to the law or the order or a little bit of both? Understanding lump sum reporting requirements and how to comply with Proper order of garnishment priority when an employer receives multiple orders. How to determine which law to follow state or federal? Understanding the CARES Act and how it affects student loan garnishments What is the IRS saying about federal tax levies during the COVID-19 national emergency?

Parting ways can be a difficult experience, particularly in the case of an employee. Crafting a termination letter for an employee is an even tougher task, especially if the person in question is a valued employee who has chosen to depart voluntarily. Matters become further complicated when it comes to disbursing payments to an employee who has been let go, as different states have different regulations on the matter. To ensure compliance with the relevant laws, payroll teams must be well-versed in the intricacies of employee termination.

Paying an ex-employee involves not just distributing the ex-employees final paycheck, but knowing how to properly handle and tax any severance or other benefits due, then integrating these payments with compliance regulations under COBRA or the Stimulus Act.

In this webinar, speaker “Dayna Reum” will go into detail about what employers face when paying terminated associates. The presentation will thoroughly examine all facets of compensating terminated employees while ensuring that your business remains in compliance throughout and after the termination procedure.   

The form 941 is an essential form for all employers that pay employees and withhold federal and FICA (social security and Medicare) taxation. In recent years several changes to the 941 forms have made is difficult to understand. The importance of reconciliation and completed of not only the Form 941 but Schedule B is becoming increasingly important for employers to avoid costly disputes with the IRS resulting in penalty and interest. 

The COVID-19 pandemic has also caused additional legislation to be passed that impacts the Form 941 these will be reviewed as well along with what has stopped and what are we continuing to report into 2023. Review of the latest updates and review of all the legislation that has changed the COVID credits that impact the Form 941 till current. 

IRS has an updated Form W-2 with key changes payroll professionals and employers need to know for timely and accurate filing. You must furnish Copies B, C, and 2 of Form W-2 to your employees by January 31, 2023.

If you believe you will miss the deadline, you can request a 30-day extension from IRS. However, the extension is not automatic and will only be granted in "extraordinary circumstances or disaster."

This important, 60-minute program will provide the seasoned professional with information on new legislation that needs to be addressed. We’ll also assist those new to filing Form W-2 with a box-by-box look at what must be reported and how.  

Join the webinar to discover:

• An in-depth look at the new W-2 reporting deadlines for 2022
• Updates to how employers electronically report the W-2 forms
• Reporting of FFCRA qualified leave and extension of credits in 2022
• Latest SSN truncation rules from the IRS for Form W-2s

The IRS provides updated tax rates and changes how taxable income is calculated each year. This year changes will more significant than in the past several due to Tax Reform and the continued changes that affect the new form W-4 and tax calculations in 2023.

Garnishments are a requirement of doing business and having employees but juggling the requirements of different types of garnishments and federal and state laws can be exhausting. This webinar will give you the tips and tools to learn how to stay compliant and process garnishments Will talk about all the recent updates to Garnishment legislation due to the COVID-19 pandemic, including what garnishments should be stopped, what should continue, etc. Along with challenges and risks employers hold when not properly handling garnishments. Accordingly, we will review the impact of garnishments due to the recent tax reform.

For years the only changes payroll professionals had to worry about was normal rate changes for state unemployment each year.  But in recent years the IRS has made updates to the federal Form 940 and states are in a much different position financially regarding unemployment benefits.  Because several states are faced with depleted funds, changes are occurring on payroll unemployment taxes.  With COVIS-19 legislation and all the extension FUTA and SUTA taxation has been an area that has become more complicated for both employees and employers.

Learn to create and write complete process documentation and identify areas of improvement.

Payroll has always been complicated due to compliance issues, and with the addition of technology, payroll processes have become more involved. This has put payroll professionals in a position to get stuck in the 'get the payroll out' each week rut. This topic will help you create and write complete process documentation that would allow any associate in your department to do all processes if necessary. During this course, we will also review ways to identify process improvement while documenting your processes.

Payroll is one thing that all businesses have in common. Along with processing payroll come many different payroll records required to process the payroll. Each type of record has different requirements for how long you must retain those records.

Payroll departments receive and submit hundreds of thousands of bits of data every year. Employee master file data such as name and social security number, employee forms such the Form W-4, report to the IRS such as Form 941, state unemployment insurance quarterly returns, termination dates for employees, and even child support withholding orders.

In this online webinar speaker, Dayna Reum will review record retention requirements by the agency.

Special record retention concerns will be reviewed such as how to handle records during a merger or acquisition. Legislative updates will be reviewed along with common errors employers make that can cause your company money regarding record retention policies.

This webinar will have a basic overview of the Fair Labor Standards Act and what employers are applicable and what laws the FLSA maintain. A review of current exempt versus nonexempt requirements will be reviewed along with activity in the current legislation around changes to the exempt categories.

Classifying employees correctly and adhering to the applicable federal, state, and local laws and regulations can feel overwhelming and frustrating. But employee misclassification can be a common mistake that many business owners make. Putting the right process in place may help you avoid time-consuming and costly penalties.