Join us for a study of best practices guidelines for payroll tax compliance. Learn the processes, controls, and procedures to follow and keep your tax obligations paid on a timely basis. Learn the process of setting up new hires properly. Identify the steps to ensure all workers are properly classified as either employees or independent contractors and employees are properly classified as either FLSA exempt or nonexempt.

Learn about form I-9 and why it must be prepared and evaluated within 3 days of employment. Learn the best timing to leverage this step to protect the employer from hiring illegal aliens. Review the processes for gathering withholding information from employees on Form W-4 and the substantial revisions to this form due to H.R. 1 the newest tax reform act. Evaluate best practices and related internal controls for processing your payrolls to ensure accurate payment of employees and computing all tax liabilities.

Review Form 941 and proper filing guidelines. Finally, review the processes for preparing and filing Forms W-2 and W-3. Learn about the reconciliation process applied to the W-2's by the IRS and the Social Security Administration.

Areas Covered in the Session:-

• Best practices guidelines for payroll tax compliance
• Processes, controls, and procedures to follow and keep your tax obligations paid on a timely basis
• Process for setting up new hires properly
• Steps to ensure all workers are properly classified as either employees or independent contractors and employees are properly classified as either FLSA exempt or nonexempt
• Form I-9 and why it must be prepared and evaluated within 3 days of employment
• Best timing to leverage this step to protect the employer from hiring illegal aliens
• Review the processes for gathering withholding information from employees on Form W-4 and the substantial revisions to this form due to H.R. 1 the newest tax reform act
• Best practices and related internal controls for processing your payrolls to ensure accurate payment of employees and computing all tax liabilities
• Review Form 941 and proper filing guidelines
• The reconciliation process applied to the W-2's by the IRS and the Social Security Administration.

Why should you attend this webinar?

• Recognize the funding sources for the federal government. 
• Recognize an employer's income and employment tax withholding and reporting requirements. 
• Recognize the consequences and penalties for non-compliance with requirements. 
• Identify whether internal controls are adequate to ensure compliance with tax withholding and reporting requirements. 
• Recognize improper employment tax evasion schemes. 
• Recognize the potential penalties and implications of willful evasion of employment tax requirements.

Who can Benefit:-

• Payroll processors
• Payroll Managers
• HR Managers
• CFO's
• Controllers
• Compliance Managers
• Compliance Officers
• Accounting Managers
• Information Reporting Officers
• Tax Managers
• Risk Managers
• Internal Auditors