W-2 and W-4 Update and Best Practices For 2017

Duration: 90 Minutes
Learn the latest updates on Form W-2 and Form W-4 wage and withholding reporting. This webinar will prepare you for the 2017 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 W-4 and will provide practical guidance in these areas that have become the subject of increasing IRS scrutiny.
W-2 and W-4 Update
Instructor: Miles Hutchinson
Product ID: 501932
Objectives of the Presentation
  • Review legal and regulatory changes for the 2017 reporting year
  • Extension/expiration of the lower 4.2% Social Security tax rate
  • Other benefits/credits about to expire
  • Forms Update
  • Impact of the VOW to Hire Heroes Act of 2011-taking your credits
  • Reporting the cost of employer sponsored health coverage-which employers are affected, when employers must begin reporting, valuation methods, etc.
  • Retirement funding 45 how to report
  • 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
  • Transmission of employee copies of W-2's electronically
  • What your company can do to minimize resource consumption when complying with this regulatory reporting requirement
  • Corrections - When multiple W-2c's may be necessary to correct mistakes for a single "employee"
  • Penalties - Know the new amounts and maximums and use them to encourage compliance
Why should you Attend
Have you experienced the perplexed employee who correctly identifies a mistake on their W-2 on April 18? You sent the government copies off to the SSA in March. Now you have a challenge – how to quickly pacify the employee and how to correct the copy at the SSA. And what about the impact on your quarterly Forms 941? What is the practical procedure to help ensure this doesn't happen again? What are the rules and regulations addressing these concerns? Where can you find help with exactly how to handle this year-end challenge? Join us for this quick paced discussion of the 2017 changes, the issues and the helpful tools to help you maintain your sanity during the year-end reporting season.

It is far better to work from a tried and true plan in December/January than to waste time correcting a mess in April. The methods we share with you will help ensure matching between your quarterly forms 941 and your forms W-2/W-3. We will also review the key information every payroll professional needs to know about form W-4 before you hand one over for preparation by an employee or recruit and what to look for when they give it back.

Who will Benefit
  • Information Reporting Officers
  • Tax Managers
  • Compliance Officers
  • Compliance Managers
  • CFOs
  • Controllers
  • Payroll Managers
  • HR Managers
  • Accounting Managers
  • Bank Managers
  • Auditors
  • IT Managers
  • Risk Managers
$300
Recorded Session for one participant
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Live Session - How it works
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  • 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
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  • 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:
Miles Hutchinson is a CGMA (Chartered Global Management Accountant) and 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 professional speaker and consultant who has presented over 2,000 seminars and training sessions on a myriad of business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act.

He has over 35 years of practical experience in strategic planning, analysis and reporting. He is the author of several useful reporting and tax tools available at www.soxpolicies.com and www.salestaxadvisors.com. His clients include, Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army. Please visit his web sites to see how you can further benefit from his expertise.
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