Description:

Learn the latest updates on Form W-4 and Form W-2 wage and withholding reporting. This webinar will prepare your staff for this filing year, improve your employee reporting set-up and maintenance practices, and reduce your risk of complaints from the IRS. Experienced businessman Miles Hutchinson will review the current law and regulations regarding the filing of Forms W-2 and will provide practical guidance in these areas that have become the subject of increasing IRS scrutiny.

Session Highlights:

• Review legal and regulatory changes for the reporting year including the electronic filing mandate changes
• Benefits/credits about to expire
• Retirement funding – new thresholds
• Updated forms, including the latest form W-4 (no longer based on exemption allowances)
• Updated form W-2
• Reporting the cost of employer sponsored health coverage – which employers are affected, when employers must begin reporting, what to report, valuation methods, etc.
• How to handle expense reimbursements made to employees – reportable/taxable?
• How to efficiently execute an electronic W-4 program
• Verifying employee social security numbers online
• Electronic filing with the SSA using Business Services Online (BSO) – the requirements and benefits
• New threshold for electronic filing effective for the 2024 filing season – learn the new rules and prepare to comply
• Where to turn when you want to transmit employee copies of W-2’s electronically
• What your company can do to minimize resource consumption when complying with this regulatory reporting requirement
• What if we make a mistake? Corrections and penalties

Why You Should Attend

The IRS is changing the rules in regulatory reporting once again. We will review the current Forms W-4 and W-2 and related issues to prepare you for a smooth reporting season.

Who Should Attend:

• Accountants
• CFOs
• Payroll personnel
• Human Resources
• Accounts Payable personnel
• Tax Managers and Attorneys

Miles Hutchinson

Miles Hutchinson is a CGMA and an experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company. Miles is a highly sought after professional speaker and consultant who has presented over 3,000 seminars and training sessions on a myriad of business and financial topics, such as tax, financial analysis and modeling, accounting matters, strategic planning, and compliance with the Sarbanes-Oxley Act. His clients include, Abbott Labs, BASF, Citicorp, the FBI, GE, Pfizer, Siemens, and the US Marine Corps.