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W-2 And W-4 Update And Best Practices
Human Resources
STA2023136
90 Minutes
Friday, November 10, 2023
- Sunday, December 31, 2023
Description
Overview
Learn the latest updates on Form W-4 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 businessman Miles Hutchinson will review the current law and regulations regarding the filing of Forms W-2 and will provide practical guidance in these areas that have become the subject of increasing IRS scrutiny.
Who should attend?
- Accountants
- CFOs
- Payroll personnel
- Human Resources
- Accounts Payable personnel
- Tax Managers
- Attorneys
Why should you attend?
The IRS is changing the rules in regulatory reporting once again. We will review the current Forms W-4 and W-2 and related issues to prepare you for a smooth reporting season.
What you'll learn?
- Review legal and regulatory changes for the reporting year including the electronic filing mandate changes.
- Benefits/credits about to expire.
- Retirement funding – new thresholds.
- Updated forms, including the new form W-4 (no longer based on exemption allowances).
- Updated form W-2.
- 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.
- 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.
- What if we make a mistake? Corrections and penalties.
Speaker
Mr. Miles Hutchinson
Mr. Miles Hutchinson is a CGMA and experienced businessman. He has been an auditor with Price Water house Coopers and the Chief Financial Officer of a $1 billion real estate development company. Miles is a highly sought after professional speaker and consultant who has presented over 1000 seminars and training sessions on a myriad of business and financial topics, such as financial analysis and modeling, accounting matters, strategic planning, and compliance with the Sarbanes-Oxley Act. His clients include Abbott Labs, Citicorp, the FBI, GE, Pfizer and the US Marine Corps.