ABOUT THE EVENT
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.
We will review the new W-2 reporting deadlines, penalties and updates on how we process the W-2 form. Dayna will also review the latest released for W-4 for 2020.
Areas Covered
- 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 the new form W-4
- New year legislation
Learning Objectives
- 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 how tax reform has changed W-2 reporting.
- Most up to date legislation releases
- Calculating tax in 2020 and what the new form W-4 tells us.
- State specific W-2 reporting and what you need to know
Who Should Attend
- Payroll professionals
- HR Professionals
- Accounting Professionals
- Tax Professionals
- Benefits Professionals