2024 Payroll Tax Update: New Forms and Requirements Explained
This webinar is designed to help the participant to know updates for 2024 necessary to stay in compliance with the IRS. Did you know that penalties for information returns have been updated and can cost your company money if W-2s and the required ACA forms are still required? Or that the IRS has implemented the requirement that employers report the Sick and Family leave wages paid to employees and taken as a credit on the Form 941 be reported on the Form W-2. These kinds of items and many more will be reviewed. We also will review the most updated information available on tax reform and the potential impact on payroll. Areas Covered To understand where we are in current legislationReview of the American Rescue Plan Act of 2021 and how it impacts prior legislationTo understand the possible impacts of tax reformUpdate on where legislation is with Tax reform and what the IRS is sayingAnnual updates you need to be aware Form updates and how to handle them for 2023 (W-2, W-4, 941, etc)Who Should AttendPayroll, HR, Compensation Professionals.
Single
This webinar is designed to help the participant to know updates for
2024 necessary to stay in compliance with the IRS. Did you know that
penalties for information returns have been updated and can cost your
company money if W-2s and the required ACA forms are still required? Or
that the IRS has implemented the requirement that employers report the
Sick and Family leave wages paid to employees and taken as a credit on
the Form 941 be reported on the Form W-2. These kinds of items and many
more will be reviewed. We also will review the most updated information
available on tax reform and the potential impact on payroll.
Areas Covered
- To understand where we are in current legislation
- Review of the American Rescue Plan Act of 2021 and how it impacts prior legislation
- To understand the possible impacts of tax reform
- Update on where legislation is with Tax reform and what the IRS is saying
- Annual updates you need to be aware
- Form updates and how to handle them for 2023 (W-2, W-4, 941, etc)
Who Should Attend
Payroll, HR, Compensation Professionals.