ComplianceOnline

Preparing for Year End 2016 and Year Beginning 2017

Instructor: Vicki M. Lambert
Product ID: 704943
  • Duration: 90 Min
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This webinar concentrates on preparing the department for the end of the calendar tax year and the New Year processing. Topics include reconciling, completing and submitting Form W-2, 941 federal and state; update to annual changes from the IRS, SSA, DOL and on the state level; and best practices that will help make the year-end and year beginning go smoother.


Course "Preparing for Year End 2016 and Year Beginning 2017" has been pre-approved by HRCI as eligible for 1.5 credits towards a participant's recertification upon full completion.
“The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program”.

Why Should You Attend:

Preparing for year-end should not begin in October or November as it may have in the past. Preparation should begin in January and be conducted throughout the calendar year. This is especially important now as the IRS is looking at year-end compliance issues. In this webinar we will give the latest best practices to help your payroll department transition from a year end crunch to a smooth and compliant year end process.

This training provide example of check lists that should be prepared for each year end to assist in a smooth transition. The instructor will share significant information as listed below:

  • Updates to for the calendar year 2017 on such items as social security wage base, deferred compensation limits, mileage rates and Forms W-2 and 941
  • Sample of a form to request a duplicate Form W-2 that can be used by the attendee in their own department as well as information on setting up the procedures for requesting the form
  • How to work throughout the year to collect information from accounts payable for year-end instead of trying to obtain all of the information in December
  • How to smooth out the year end processing and relieve year end stress for both departments.
  • Basis for a year end memo to help payroll departments inform the company’s employees of what lies ahead for the upcoming year to help curtail questions during this hectic time for payroll
  • Law governing items considered benefits by Internal Revenue Code and why and how they must be taxed by the employer

Areas Covered in the Webinar:

  • Reconciliation of Form W-2 to Form 941 and why it must be done
  • Update on year-beginning annual changes for social security wage base, fringe benefit limitations, federal per diem allowance, standard mileage rate, qualified transportation fringe benefits, and more.
  • How to use the required year-end notice to update your employees for the coming year
  • Best practices on organizing the payroll department for year-end including action item check lists for Form W-2, Year end and Year beginning to ensure a smooth process
  • How to handle duplicate requests for Form W-2 including charging fees
  • Best practices for gathering, calculating and reconciling W-2 data all year long as is now expected by the IRS
  • Taxation of fringe benefits for year-end including awards and prizes, moving expenses, personal use of company cars and gift certificates
  • Latest update on white-collar exemptions
  • Electronic delivery of W-2s to employees
  • When to use the Form W-2c and when to correct the W-2 itself
  • State regulatory changes affecting payroll including SUI wage bases, minimum wage increases and more
  • Review of EFW-2 record changes for tax year 2016
  • Verifying employee names and SSN’s
  • Review of filing deadlines
  • Third Party Sick Pay reporting

Who Will Benefit:

  • Payroll professionals
  • Human Resources
  • Accounting Personnel
  • Business Owners
  • Lawmakers
  • Attorneys
  • Tax Professional
Instructor Profile:
Vicki M. Lambert

Vicki M. Lambert
Payroll Authority and Instructor, The Payroll Advisor

Vicki M. Lambert, CPP, is president and academic director of The Payroll Advisor™ a firm specializing in training payroll professionals. With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert is a sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today.

Ms. Lambert has lectured extensively on payroll administration and compliance issues for clients that have included Automatic Data Processing, CCH Incorporated, Ceridian Employer Services, and The Employer Group. Ms. Lambert has also served as a consultant and in-house trainer for businesses such as Sun Microsystems, Paychex, Fox Studios, Disney, County of Riverside, and City of Hesperia.

Ms. Lambert is an adjunct faculty member at Brandman University in Southern California. She is the creator of and the instructor for the Practical Payroll Online program offered through the School of Extended Education. Ms. Lambert currently produces and presents audio seminars and webcasts for clients and business groups throughout the country.

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