Year end Legislative Update

Recorded Webinar | Dayna Reum | From: Nov 14, 2022 - To: Dec 31, 2022

Training Options & Pricing

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Recording     $229
DVD     $249
Recording + DVD     $389
Transcript (Pdf)     $229
Recording & Transcript (Pdf)     $379
DVD & Transcript (Pdf)     $389

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The IRS provides updated tax rates and changes how taxable income is calculated each year. This year's 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 2019. This webinar will assist the seasoned payroll professional with new legislation that needs to be considered. This webinar will also assist the beginner with 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.

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

Learning Objectives:-

  • W-2 Requirements
  • W-2 box by Box review
  • Updated legislation to consider for W-2 and 2020
  • State by State discussion of special W-2 considerations
  • Year End and W-2 best Practices
  • Taxation in 2020 and 2021
  • New year legislation for 2021
  • Details of how to close the 2020 year to make sure your W-2s are correct and the 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 tax in 2021 and how the new W-4 has affected us
  • State-specific W-2 reporting and what you need to know