DESCRIPTION
Dreaded year-end is approaching; the busiest time for the Payroll Department!
Now is the time to start planning and getting yourself organized so that the entire process will be smooth and stress free, and this training session will help!
The IRS provides updated tax rates and changes how taxable income is calculated each year. This year changes will more significant than in the past several due to Tax Reform and the continued changes that affect the new form W-4 and tax calculations in 2022. This webinar will assist the seasoned payroll professional on new legislation that needs to be considered. This webinar will also assist the beginner around W-2 processing W-2 to understand all the boxes on the Form W-2 and what should be reported. A brief overview of year-end and W-2 best practices will also be discussed.
We will review the new W-2 reporting deadlines, penalties, and updates on how we process the W-2 and W-4.
Learning Objectives:
During this session we will discuss the year end process from start to finish, including:
- What information should you start gathering now
- The reconciliations you can do prior to year end
- The common items forgotten prior to W-2 issuance
- Tips to better manage your time once W-2 processing has started
- How to use a year-end checklist to determine that all processes have been performed
- We'll also cover typical year end questions from employees - and how to head the common ones off at the pass to save time for your staff and yourself.
- W-2 Requirements
- W-2 box by Box review
- Updated legislation to consider for W-2 and 2022
- State by State discussion of special W-2 considerations
- Year-End and W-2 best Practices
- Taxation in 2022 and the new form W-4
- New year legislation
Session Highlights:
- Details of how to close the 2021 year to make sure your W-2’s are correct and 941 reconciliation happens correctly.
- Review box by box of the W-2 and how tax reform has changed W-2 reporting.
- Most up to date legislation releases
- Calculating tax in 2022 and what the new form W-4 tells us.
- State specific W-2 reporting and what you need to know
Who Will Benefit:
- Payroll professionals
- HR Professionals
- Accounting Professionals
- Tax Professionals
- Benefits Professionals
*Ask your question directly from our expert during the Q&A session following the live event.
Pioneer Educator is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
