Payroll Taxes in 2014: HR's Guide to W-2s, Healthcare Reporting, and More - on CD
It may be tempting to let a same-as-last-year mentality drive payroll tax processes, but doing so can create large liabilities. Legislation, regulations, and deadlines are constantly evolving while government agencies are increasing enforcement efforts.
One of the biggest drivers of payroll tax changes in 2014 is the implementation of the Affordable Care Act. The ACA will affect certain kinds of group plans, such as health reimbursement arrangements and health flexible spending arrangements. Also, 2014 has many payroll tax changes taking effect, including a changing Medicare tax rate and adjustments to Federal Unemployment Tax Act credits. These developments underscore the importance of taking time now to get a handle on your payroll tax obligations.
Don't wait for a payroll tax mishap to learn that you've overlooked emerging compliance obligations. Take the time now to learn how to comply with new requirements by attending our upcoming webinar led by two seasoned taxation professionals with more than 30 years of combined experience.
- The latest updates on employee withholding, FICA rates, and wage bases
- Tips for reporting employer-provided healthcare coverage on form W-2, including which employers must report and which ones are exempt from reporting
- How to properly calculate and report the amounts for FSAs and healthcare reporting
- Form W-2 reporting requirements for multi-state employees
- How to report health insurance for nondependent children
- The difference between independent contractors and employees and the importance of Form SS-8.
- A summary of VCSP (Voluntary Classification Settlement Program), including which employers are eligible to use the program, the application process, and the practical impact of the program.
- An overview of the taxation of fringe benefits such as prizes, awards, gift cards, personal use of company vehicles, moving expenses, and more.
- A cautionary tale for S corporations because the taxation of fringe benefits has changed
- And more
In just 90 minutes, you'll learn how to identify and repair common payroll and policy issues in your workplace. Register now risk-free for this must-attend event.
About your presenters:
Judy Vorndran of Eide Bailey LLP has more than 18 years public accounting experience, specializing in state and local taxation with a federal background. She provides state and local services for clients in a variety of industries to help ensure state and local tax burdens are met and minimized where possible. Her areas of expertise include nexus studies, sales/use tax taxability analysis, multi-state tax filings, mergers and acquisitions, due diligence, restructuring, audit assistance, tax controversy, voluntary disclosure negotiations, annual reports, business licenses, registration preparation and sales and use tax outsourcing.
Prior to joining Eide Bailly, Ms. Vorndran gained extensive experience serving large- to middle-market clients as a senior tax manager for two international "Big Four" firms.
Angie Ziegler, CPP, accounting services manager at Eide Bailey LLP, has more than 13 years payroll experience with clients ranging from corporate multi-state payrolls to sole proprietors. She provides payroll processing and compliance reporting services, prepares financial statements and files sales and use tax returns. Angie has prepared and filed payroll tax returns in almost all 50 states and assists with federal and state new business registrations while providing guidance for businesses on day-to-day payroll activities, federal and state notices, garnishments and tax updates.