IRS Form 1099 Reporting Update

Don’t expose yourself to compliance violations – find out everything you need to know about Form 1099.

 

Learn best practices for managing 1099 form compliance including the rules for issuing various types of 1099 forms to various types of vendors. Gain confidence in the decisions and distinguish between an employee and a true subcontractor to whom you issue a 1099 form.

 

Learning Objectives

  • You will be able to define reasons for issuing 1099 forms.
  • You will be able to explain the necessity of compliance with 1099 processing.
  • You will be able to identify the unique situations where a 1099 form other than Form 1099-MISC is applicable.
  • You will be able to recognize opportunities to enhance your company’s compliance.

IRS Form 1099 Reporting Update

Don’t expose yourself to compliance violations – find out everything you need to know about Form 1099.

 

Learn best practices for managing 1099 form compliance including the rules for issuing various types of 1099 forms to various types of vendors. Gain confidence in the decisions and distinguish between an employee and a true subcontractor to whom you issue a 1099 form.

 

Learning Objectives

  • You will be able to define reasons for issuing 1099 forms.
  • You will be able to explain the necessity of compliance with 1099 processing.
  • You will be able to identify the unique situations where a 1099 form other than Form 1099-MISC is applicable.
  • You will be able to recognize opportunities to enhance your company’s compliance.

Reading Candidate Body Language in an Interview

Understand common interview body language signals that you can learn to read and avoid misinterpretation.

 

This topic will teach you the importance of reading candidate body language in an interview. The information provided will leave you with tools and techniques that you can apply during candidate interviewing not only for the candidate but also for yourself.

 

Learning Objectives

  • You will be able to define elements of effective candidate interviewing.
  • You will be able to describe different types of interviewing.
  • You will be able to discuss the importance of understanding cultural differences and candidate interviewing.
  • You will be able to explain types of body language.

Federal Income Taxation of Key Employee Fringe Benefits After the Tax Cuts and Jobs Act

Understand the important changes in this area under the Tax Cuts and Jobs Act as well as the latest regulations.

 

While competitive salaries often attract top employees to join an employer, employers often provide competitive and attractive prizes, bonuses, awards and other benefits as well, to boost their employees’ morale and reward employees for going the extra mile. However, employers must be aware of federal tax laws when providing these benefits, or else employers may find that these benefits are more expensive than they originally thought. This topic will help you learn the different ways that employees may be rewarded for exceptional performance, without incurring additional tax expense, or at least avoiding penalties. Important reporting and withholding requirements to ensure that employers fully comply with their federal tax obligations will also be discussed. This topic will also keep you abreast of important changes in this area under the Tax Cuts and Jobs Act and update you on the latest regulations.

 

Learning Objectives

  • You will be able to identify the tax implications of fringe benefits for both employers and employees.
  • You will be able to review how to determine your fringe benefit policies.
  • You will be able to describe ways employees can be rewarded for performance.
  • You will be able to identify important changes in this area under the Tax Cuts and Jobs Act.

IRS Form 1099 Reporting Update

Don’t expose yourself to compliance violations – find out everything you need to know about Form 1099.

 

Learn best practices for managing 1099 form compliance including the rules for issuing various types of 1099 forms to various types of vendors. Gain confidence in the decisions and distinguish between an employee and a true subcontractor to whom you issue a 1099 form.

 

Learning Objectives

  • You will be able to define reasons for issuing 1099 forms.
  • You will be able to explain the necessity of compliance with 1099 processing.
  • You will be able to identify the unique situations where a 1099 form other than Form 1099-MISC is applicable.
  • You will be able to recognize opportunities to enhance your company’s compliance.

IRS Form 1099 Reporting Update

Don’t expose yourself to compliance violations – find out everything you need to know about Form 1099.

 

Learn best practices for managing 1099 form compliance including the rules for issuing various types of 1099 forms to various types of vendors. Gain confidence in the decisions and distinguish between an employee and a true subcontractor to whom you issue a 1099 form.

 

Learning Objectives

  • You will be able to define reasons for issuing 1099 forms.
  • You will be able to explain the necessity of compliance with 1099 processing.
  • You will be able to identify the unique situations where a 1099 form other than Form 1099-MISC is applicable.
  • You will be able to recognize opportunities to enhance your company’s compliance.

Overview of Federal Payroll Taxes and Information Reporting

Take the mystery out of payroll filing and reporting as well as the items you need to keep things tracked, organized, and timely.

 

This topic will provide you with an understanding of how to properly classify service providers, the federal (and some state) tax distinction between independent contractors and employees, appropriate tax information reporting and payments, and the punitive consequences for noncompliance with the applicable law.

 

Learning Objectives

  • You will be able to define common law and statutory employer.
  • You will be able to review Section 530 Relief from IRS examination.
  • You will be able to discuss the requirements for wage withholding.
  • You will be able to explain compliance issues and consequences.

Corporate Tax Updates for 2022

Gain an understanding of planning strategies and deadlines that will create tax benefits and manage tax reporting issues.

 

This topic will provide you with an overview of the current 2021 corporate tax issues reported for businesses, including reconciling the differences between book and tax income and expenses. The range of topics will include tax elections and methods, changes in income tax rates, and changes in historical income tax deductions and benefits created by the recent tax changes during 2020. With changes in the Congress and White House beginning in 2021, the content will consider changes in corporate tax policy based on current updates for COVID-19 relief and corporate tax increases.

 

Learning Objectives

  • You will be able to identify accounting and tax rules which create differences in reporting corporate tax.
  • You will be able to review U.S. tax compliance issues and requirements for recent changes in tax forms.
  • You will be able to discuss U.S. benefits and alternatives for choosing a C corporation as a business entity.
  • You will be able to recognize planning strategies and deadlines that will create tax benefits and manage tax reporting issues.

Paperless Payroll: Essentials to a Seamless Transition

Understand the pitfalls you should avoid when streamlining payroll processes and the potential consequences of missteps.

 

Many companies, especially due to the COVID-19 pandemic, are realizing the economic benefits and increased efficiency of using technology to modernize corporate payroll processes. Companies can run into legal trouble, however, by failing to recognize that wage payment laws have not kept up pace with technological banking advancements. No overarching federal law regulates electronic forms of wage payment. As a result, companies must research and follow applicable state laws and administrative guidance when transitioning to electronic payroll processes. Employers with regional or national locations face hurdles in completely transitioning to a paperless payroll process due to the variation in state laws and administrative guidance. This topic will educate in-house counsel, human resource and payroll managers, and business managers about the variations among state laws and administrative guidance regarding electronic forms of wage payment. Specifically, this material will discuss direct deposit, pay cards, final pay, and electronic wage statements. It will also explain pitfalls companies should avoid when streamlining payroll processes and the potential consequences of missteps. This information is critical for employers who are trying to leverage payroll technologies while simultaneously insulating their companies from wage and hour liability.

 

Learning Objectives

  • You will be able to identify variances among state wage laws and administrative guidance that make it difficult, if not impossible, for companies to completely transition to a paperless payroll process.
  • You will be able to discuss ways to insulate your employer from wage and hour liability while modernizing the company’s payroll practices.
  • You will be able to describe the real cost of noncompliance with wage and hour laws.
  • You will be able to explain common pitfalls to avoid.

Amending Forms W-2 and 941

Avoid errors and costly penalties on incorrect tax forms by collecting the pertinent information needed and how to amend them.

 

No one wants to have to amend tax forms but no matter how many precautions you take to avoid it, there will always be a time that you will need to do an amendment. This material will teach you how to collect the information needed to complete W-2 corrections as well as file the amended 941 forms and any additional state and local tax filings. The content will discuss specific types of errors found on Form W-2 and provide guidance on how to make the necessary corrections. The topic will provide information on amending both current year and prior year corrections. Failure to properly amend corrected forms and payroll tax filings may result in additional tax, penalties and interest. This topic will help payroll departments avoid penalties and time-consuming responses to follow up questions from the IRS and other taxing jurisdictions.

 

Learning Objectives

  • You will be able to determine when an amendment needs to be filed.
  • You will be able to recognize which fields to complete for the amendments.
  • You will be able to identify what other amendment forms need to be filed.
  • You will be able to review your documentation to properly file your amendments.