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Approach to Handling Taxation of Multistate Employees After COVID-19

Recorded Webinar | Vicki M. Lambert | From: Mar 02, 2023 - To: Dec 31, 2023

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Recording     $179
DVD     $189
Recording + DVD     $359
Transcript (Pdf)     $179
Recording & Transcript (Pdf)     $349
DVD & Transcript (Pdf)     $359


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Description

The speaker will discuss the administration of state taxes, wage, hour law, and garnishments when an employee lives in one state, work in another, or works in two or more states simultaneously.

This session will provide information on liability as an employer, reciprocal agreements, resident and nonresident taxation, Form W-4 equivalents, state unemployment insurance, wage and hour law requirements, garnishment withholding, and effects of COVID-19.

Areas Covered:-

  • The session will explain how to determine state withholding liability and Who is a resident.
  • Explanation of how reciprocal agreements affect the taxation of wages and resident and nonresident taxation policies.
  • There will be a discussion on the four-factor test for state unemployment insurance and income and unemployment taxation of Fringe benefits.
  • Knowledge about wage and hour laws and how to handle income and unemployment insurance taxation for employees working in multiple states.
  • Effects of working in different states and withholding requirements for temporary worker conditions.
  • Which states require the use of their own Withholding Allowance Certificate, which allows either theirs or the Form W-4, and which states do not have a form?
  • Reporting wages for multistate employees on Form W-2 and how COVID-19 affects teleworkers in different states.

Learning Objectives:-

  • By the end of this webinar, the attendee will have the following:
  • Gained knowledge of the requirements under wage and hour laws for employees working in two or more states.
  • Learn how to determine state withholding liability and how it affects the employee's residency.
  • Understanding of reciprocal agreements and the difference between taxing residents on their worldwide income and non-residents on the income earned within the state.
  • A better knowledge of the three calculation methods permitted determining taxable wages for state income tax, including the volume of business ratio method and the time basis method.
  • A clear understanding of the basics of the four-factor test is used to determine the payment of state unemployment insurance.

Who Will Benefit:-

  • Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
  • Human Resources Executives/Managers/Administrators
  • Accounting Personnel
  • Business Owners/Executive Officers/Operations and Departmental Managers
  • Lawmakers
  • Attorneys/Legal Professionals
  • Any individual or entity must deal with the complexities and requirements of paying employees in multiple states.