Payroll Preparation for Year End 2017 and Year Beginning 2018

Duration: 60 Minutes
Being prepared for 2018 means closing out 2017 properly, and making necessary updates to your automated payroll systems prior to the 1st pay period in 2018. Prior to preparing 4th qtr returns, yearend information returns, and accounting entries, you must reconcile the year's activity. In this webinar you will learn how to reconcile payroll, how to properly fill out yearend returns, and when to file them. We will go over all announced changes to tax rates, wage limits, and legislative announcements. We will highlight important State and Local changes, and inform you where to look for other updates. If done properly, you won't be asking to “stop the clock" in order to make last minute changes.
Payroll Preparation 2018
Instructor: Mark Schwartz
Product ID: 505782
Objectives of the Presentation
  • 2018 tax rates and wage limit changes
  • Recap of important 2017 changes (the ACA, New Overtime Rules, ETC)
  • New legislation announce by the IRS
  • Major state and local legislative changes
  • How to reconcile 2017 payroll returns and ledgers
  • How to properly process yearend bonuses, fringe benefits, travel pay, etc
  • Suggestions for preparing your payroll system for 2018 by the 1st pay period
Why Should you Attend
Pay period to pay period, payroll can be routine. Overreliance on automated systems leads to a variety of errors that, if not caught in time, can lead to penalties, interest and other negative consequences. While accounting departments "stop the clock" in order to reconcile, adjust and prepare financial statements; payroll does not have this luxury. Hence, being prepared well in advance of year end can help ensure a smooth year to year transition.

Areas Covered
  • Major updates for 2018 from the IRS and other agencies
  • Status of the affordable care act
  • New FICA Wage limits
  • Minimum wage updates
  • State unemployment insurance rates
  • Minimum salary requirements to be exempt from overtime
  • Specific steps on how to efficiently reconcile pay periods to quarterly returns, and quarterly returns to year end forms and information returns
  • What to keep an eye out for in 2018
  • And much more
Who will Benefit
  • Payroll staff and managers
  • Accounting staff
  • Accounts payable managers
  • HR staff and management
  • IT support staff
$300
Recorded Session for one participant
Get life time access with download option!
Book this course
Pay Now
  $450.00 Training CD
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
  $550.00 Training USB Flash Drive
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
For multiple location please contact our customer care team +1-510-857-5896.
How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of 20 ongoing audits, from small home-based businesses to large multi-national corporations. He is expert at defining regulatory and statutory requirements from local, State and Federal government agencies; and helping the average businessperson understand what that mean to their business. He has processed weekly and bi-weekly payroll checks plus tax forms for businesses with hourly as well as exempt workers, multistate operations and a wide variety of benefits.

Mr. Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. Markhas represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting your employees.

Mark prides himself on his outstanding customer service skills. He listens attentively to his clientele, helping them bridge the gap between the small business world and Government bureaucracy. He eagerly assists with clients needs, and feels that educating clients toward faster, accurate and more complete payroll processes provides the most value.

Mark is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. Mark is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.
View More