Year End Best Practices: How to make sure W-2’s go out correctly

Duration 60 Mins
Level Basic & Intermediate & Advanced
Webinar ID IQW19K1146

  • Details of how to close the 2019 year to make sure your W-2’s are correct and 941 reconciliation happens correctly
  • Review box by box of the W-2 and details around the two new Box 12 codes and how to know when to use them
  • Most up to date legislation releases
  • Calculating Federal Withholding tax in 2020
  • State specific W-2 reporting and what you need to know
  • W-2 Requirements
  • W-2 box by Box review
  • Updated legislation to consider for W-2 2019
  • State by State discussion of special W-2 considerations
  • Year End and W-2 best Practices
  • Taxation in 2020 and the new form W-4
  • New year legislation

Overview of the webinar

Review of new W-2 reporting deadlines and penalties and updates to how we process the W-2 form.  Review of the new Form W-4.

Who should attend?

  • Payroll Professionals
  • Tax Professionals 
  • Accountants
  • Controllers
  • Human Resource Professionals

Why should you attend?

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 2020.This webinar will assist the seasoned payroll professional on new legislation that need to be considered.This webinar will also assist the beginner around W-2 processing W-2 to understand all the boxes on the form W-2 and what should be reported.A brief overview of year end and W-2 best practices will also be discussed.

Faculty - Ms.Dayna J. Reum

Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago.Dayna has been heavily involved in the payroll field over 17 years.Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc.During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association.She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference.Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll.Dayna has her CPP (Certified Payroll Professional) through the APA.She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee).Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA.Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

Credits

ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.

HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org

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