Staying on top of payroll tax changes

Date: September 14, 2021
Time: 01:00 PM ET
Duration: 60 Minutes
Speaker: Dayna Reum
HRCI credits - 1.0

$0.00

Categories: , ,

Description

Many employers are faced with changes in legislation that has evolved over the last two years  With Pandemic’s and world issues companies are trying to keep up with the most current and relevant laws that impact there compliance with the IRS.  Employers are also looking for eligible tax credits to assist them in obtained or holding on to valuable revenue. Beside the changes being challenging, the normal annual updates and understanding of fringe benefits that need to be properly processed.  This webinar will give the participant the most up to date legislation and how to apply them along with relevant annual updates.

 

Session highlights:

COVID-19 Legislation (Time Frame)

  • Paid Sick and Family Leave
  • Employer Retention Credit
  • COBRA Premium Credit

 

IRS Tax Forms (Time Frame)

  • Form 7200
  • Form 941
  • Form W-2
  • Form W-4

 

Fringe Benefits/Deferred Compensation (Time Frame)

  • Annual Updates
  • Basics about Fringe Benefits Taxable versus non taxable
  • Deferred Compensation overview

 

Benefits of attending session:

  • Review of the Fair Market value calculation for non-cash fringe benefits.
  • Review of COVID-19 credits from the beginning to current to better understand what applies to what time period.
  • Details of the IRS Form 7200 and when it should be used by employers
  • Form 941 overview, the 941 has changed significantly and several times over the last year
  • How does the IRS Define taxable fringe versus non taxable fringe

 

Who should attend?

  • Human Resources Professionals
  • Small Business Owners
  • Payroll Professionals
  • Attorneys
  • Accounting Professionals
  • Consultants

Speaker

Dayna Reum

Dayna Reum ,CPP, FPC is currently the Director of Payroll Operations at Ann & Robert H. Lurie Children’s Hospital of Chicago . She has been heavily involved in the payroll field over 18+ years. Starting as a payroll clerk at a small Tucson company, She moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, international and Canadian payroll.

Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the national Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

Certification

This webinar has been approved for 1 HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®,SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®).

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