Key Take Away:
This webinar will take you through year-end process training with planning and preparing systems for preparation of W-2 Forms and other required information returns, selecting preparation and filing methods, gathering and processing, verifying and reconciling data, and making sure that processing systems are in place and functioning properly.
Overview:
2016 year end may be particularly challenging due to the convergence of normal year end processing, the new filing deadline for W-2 Forms and certain 1099-MISC Forms, the expiration of temporary relief provisions and beginning of full enforcement of reporting requirements under the Affordable Care Act employer shared responsibility provisions, the effective date for changes to the white collar exemptions under the FLSA, and the increase in penalties for failure to file correct information returns timely.
Why Should You Attend:
Mistakes can be costly in terms of lost time as well as interest and penalty charges. Penalties for failure to furnish or file timely and correct information returns increased significantly.
Areas Covered In This Webinar:
• How to verify the name/number match of employee Social Security Numbers - Social Security Number Verification Service
• Key reconciliations that help prevent errors on information and tax returns
• Non-cash fringe benefit withholding and reporting for selected benefits
• Common errors and how to avoid them on Forms W-2 and W-3 – E-filing as a best practice
• Form 940 (FUTA) reporting – Taxable wages, SUTA credit, and credit reduction states
Learning Objectives:
• Know how to register for and use the Social Security Number Verification System
• Understand key reconciliations that facilitate error prevention and year end processing
• Know how to avoid or prevent common W-2 errors and how to correct and mitigate them to minimize penalties
• Understand the reporting and filing issues for Form 940 and how to report SUTA information to take advantage of the SUTA credit
Who Will Benefit:
• Payroll Supervisors and Personnel
• Payroll Consultants
• Payroll Service Providers
• Public Accountants
• Internal Auditors
• Tax Compliance Officers
• Enrolled Agents
• Employee Benefits Administrators
For more information, please visit : https://www.atozcompliance.com/trainings-webinar/banking-financial-services/accounting-taxation/year-end-process-last-minute-steps-and-verifying-name-ssns-for-w-2s/patrick-a-haggerty/300148
Email: support@atozcompliance.com
Toll Free: +1- 844-414-1400
Tel: +1-516-900-5509
Level:
Intermediate
Speakers Profile:
Patrick A Haggerty
Pat Haggerty is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice. He began teaching accounting at the college level in 1988. He is licensed as an Enrolled Agent by the U. S. Treasury to represent taxpayers at all administrative levels of the IRS and is a Certified Management Accountant. He has written numerous articles and a monthly question and answer column for payroll publications. In addition, he regularly develops and presents webinars and presentations on a variety of topics including Payroll tax issues, FLSA compliance, and information return reporting.
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