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Payroll and Form W-4 Update
- Overview of the new Form W-4
- How the employee fills out the new W-4
- What the employer does with the new W-4
- How payroll calculations work with the new (and old) W-4
- Key numbers for 2021
- E-filing mandate is dropping
- Other payroll changes for 2021
Overview of the webinar
This webinar will cover the new Form W-4 that employees are to use for withholding starting in 2021. The new W-4 is different from the old W-4, in that there are no more dependency exemptions. The way employers calculate withholding has also changed. Another layer of complexity involves employees who have an “old” W-4 on file. Employers are to continue using that old W-4, meaning two different ways of calculating withholding are used, depending on which version of the W-4 is on file. The webinar will also cover other payroll changes for 2021, including new key dollar amounts, the e-filing mandate and more. This webinar will cover the new Form W-4 that employees are to use for withholding starting in 2021. The new W-4 is different from the old W-4, in that there are no more dependency exemptions. The way employers calculate withholding has also changed. Another layer of complexity involves employees who have an “old” W-4 on file. Employers are to continue using that old W-4, meaning two different ways of calculating withholding are used, depending on which version of the W-4 is on file. The webinar will also cover other payroll changes for 2021, including new key dollar amounts, the e-filing mandate and more.
Who should attend?
- Payroll Professional
- Public Accountants
- Tax Compliance Officers
- Enrolled Agents
- Employee Benefits Administrators
- Officers and Managers with Payroll or Tax Compliance Oversight
- Company / Business Owners
- Managers/ Supervisors
- Public Agency Managers
- Audit and Compliance Personnel
Why should you attend?
The IRS has released a new Form W-4 and payroll withholding tables for 2021. Employees who have an “old” W-4 on file can continue using that old form, which means employers have two different ways withholdings can be calculated. This webinar will cover the ins and outs of the new W-4 so you understand what has changed, and we will cover the new withholding methods. In addition, we will cover other payroll changes for 2021, including the new key dollar amounts, the e-filing mandate, and more.
Faculty - Mr.Jason Dinesen
Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on tax and accounting services for small businesses and individuals. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College. He started his practice in 2009.
Credits
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
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.