In this webinar, we’ll help ensure you’ve covered every detail of your year-end processing—and set you up with a proven method for maintaining compliance throughout next year. This session covers everything from reconciling, completing, and submitting Forms W-2 to complying with the latest changes from the IRS, SSA, DOL, and state regulators.

Learning Objectives:-

Join us for this timely and important session that covers:

• Latest update on the “All-New” Form W-4 for 2021
• 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 checklists 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
• Update to Form 668-W
• Status review of Publication 1494 for 2020 and 2021
• Changes to Form W-2 for 2020
• Possible changes to Form 941 for 2021
• 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 the tax year 2020
• Verifying employee names and SSN’s
• Review of filing deadlines
• Third-Party Sick Pay reporting

Why Should You Attend?

In payroll, the last thing you want at year’s end is to be left scrambling to meet deadlines. That’s how mistakes get made. And with the IRS now increasing its emphasis on year-end compliance issues, those mistakes have very costly consequences.

In this fast-paced and information-packed webinar, payroll and compliance expert Vicki Lambert will help ensure you’ve covered every detail of your year-end processing—and set you up with a proven method for maintaining compliance throughout 2021.

This session will walk you through both compliance updates and process best practices. Plus, participants will receive a comprehensive checklist to ensure you've covered all your bases, and sample forms and memos that will save you hours of valuable time.