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OVERVIEW
The IRS provides updated tax rates and changes how taxable income is calculated each year. This year’s changes will be more significant than in the past several due to Tax Reform and the continued changes that affect the new form W-4 and tax calculations in 2023.
This webinar will assist the seasoned payroll professional with new legislation that need to be considered. This webinar will also assist the beginner with W-2 processing W-2 to understand all the boxes on the form W-2 and what should be reported. A brief overview of year-end and W-2 best practices will also be discussed.
WHY SHOULD YOU ATTEND?
Payroll tax compliance is a federal and state issue, so you have to be aware of not only the changes made on the federal level but also the legislative changes that affect payroll in each state you do business in.
For instance: Does your state comply with all federal regulations? Do they set their own rules? Where do they differ? Do you have access to a resource that reports changes to employment taxation to ensure that you are in compliance with any year-end legislation?
LEARNING OBJECTIVES
During this training session, we will address:
- The legislative changes to employment taxation for the current year at both the federal and state level
- The resources available to payroll professionals to ensure that they are kept abreast of any changes to payroll taxation as they occur
- Recent statistics on the status of the unemployment insurance funds by state
- The recent trends in state unemployment insurance, the solvency of the funds, and how FUTA will be affected in coming years
AREAS COVERED
- W-2 Requirements
- W-2 box by Box review
- Updated legislation to consider for W-2 and 2024
- State by State discussion of special W-2 considerations
- Year End and W-2 Best Practices
- Taxation in 2023 and 2024
- New year legislation for 2024
WHO WILL BENEFIT
- Payroll Professionals
- Accounting Professionals
- Tax Professionals
- Finance Professionals
- Compensation Professionals
- Benefits Professionals
- Senior HR Professionals,
- HR Managers & Directors,
- HR Personnel,
- CEOs
- Managers, Team Leaders
About speaker
Dayna currently is the director of payroll operations at a major medical center in Chicago and has been heavily involved in the payroll field for more than 20 years.She started as a payroll clerk at a small Tucson company but moved on to be a payroll team leader at Honeywell Inc. During her time at Honeywell Inc., she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. Dayna has also received several merit awards for customer service and acquisitions, and divestiture.
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 include 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.
She also serves on the National American Payroll Association on the national Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee), and received a citation of merit for her service along with being a gold pin member of the APA. Dayna is also a CPP (Certified Payroll Professional) through the APA and certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.
