W-2 and W-4 Update and Best Practices

Event: Live Webinar
Event Date: December 7, 2023
Presenter: Miles Hutchinson
Event Time: 11:00 AM EST
Duration:90 Minutes


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.