2018 Payroll Legislative Update

Authored by Miles Hutchinson
About this Course
Topics covered include: Review legal and regulatory changes for the 2017 reporting year; Benefits/credits about to expire; Retirement funding — new thresholds; Updated forms; Reporting the cost of employer sponsored health coverage — which employers are affected, when employers must begin reporting, what to report, valuation methods, etc; 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; Where to turn when you want to transmit employee copies of W-2's electronically; What your company can do to minimize resource consumption when complying with this regulatory reporting requirement. Upon completing this course you should be able to: Identify the latest updates on Form W-2 and Form W-2 wage and withholding reporting; Recognize how to prepare your staff for this filing year, improve your employee reporting set-up and maintenance practices, and reduce your risk of complaints from the IRS; Differentiate 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; Identify regulatory changes which occurred during 2017 & 2018; Recognize allegations included under the loss of job category; Differentiate offenses results with respect to I-9 and employment verification penalties; Recognize state minimum wage rates; Identify components of the long test with respect to the professional employee test; Identify non-compensable travel time; Identify I-9 exclusions and characteristics; Differentiate the five special exceptions to the exempt salary basis; Recognize types of workers exempt from the overtime provisions paid on a salary basis; Identify leave entitlement based on FMLA; Describe which publication include certain information; Describe which publication include certain information.
$ 48.00
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NASBA Field of Study
Taxes
Level
Basic
CPE Credits
2.0
Prerequisites
None
Last Updated
08/30/2018
14352