Payroll Employment Tax Compliance

Why Should You Attend:

Payroll professionals are cut from the compliance cloth. But compliance is complicated; and cash flow is often very tight. Borrowing from the government without their permission almost always results in bankruptcy. The company’s life is in jeopardy and the employees’ tax withholdings are lost. Payroll professionals are caught in the middle. We are here to help. Join this webinars to learn how to walk on the right side of the line and ensure your tax obligations are met.

Upon completion of this course, you will be able to:

• Describe the funding sources for the federal government.
• Recognize an employer’s income and employment tax withholding and reporting requirements.
• Recognize the consequences and penalties for non-compliance with requirements.
• Identify whether internal controls are adequate to ensure compliance with tax withholding and reporting requirements.
• Differentiate improper employment tax evasion schemes.
• Recognize the potential penalties and implications of willful evasion of employment tax requirements.

Areas Covered in the Webinar:

• Best practices guidelines for payroll tax compliance
• Processes, controls and procedures to follow and keep your tax obligations paid on a timely basis
• Process for setting up new hires properly
• Steps to ensure all workers are properly classified as either employees or independent contractors and employees are properly classified as either FLSA exempt or nonexempt
• Form I-9 and why it must be prepared and evaluated within 3 days of employment
• Best timing to leverage this step to protect the employer from hiring illegal aliens
• Review the processes for gathering withholding information from employees on Form W-4 and the substantial revisions to this form due to H.R. 1 the newest tax reform act
• Best practices and related internal controls for processing your payrolls to ensure accurate payment of employees and computing all tax liabilities
• Review Form 941 and proper filing guidelines
• The reconciliation process applied to the W-2's by the IRS and the Social Security Administration

Who Will Benefit:

• Payroll processors
• Payroll Managers
• HR Managers
• CFOs
• Controllers
• Compliance Managers
• Compliance Officers
• Accounting Managers
• Information Reporting Officers
• Tax Managers
• Risk Managers
• Internal Auditors

Miles Hutchinson
President, Sales Tax Advisors Inc

Miles Hutchinson is a CGMA and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the chief financial officer of a $1 billion real estate development company. Mr. Hutchinson is a professional speaker and consultant who has presented over 2,000 seminars and training sessions on myriad business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act. He is recognized as an expert in payroll, and sales and use tax as well as financial modeling and analysis, business strategy and communications.

He is the author of several useful accounting and tax tools. His clients include Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army.

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