The Complete Guide to Payroll Taxes and 1099 Issues Webcast
Dec 14 8:00 - 4:00 p.m.
Online
8-Tax CPE Credits
Employment taxes are often overlooked as an area where more planning may be effective. Payroll taxes have become an increasing burden for the average business, and IRS penalties for noncompliance have risen dramatically in recent years. They have also been subject to employer incentives. The Service has announced that uncovering noncompliance by employers ranks high on its audit list. This course presents a comprehensive overview of federal payroll taxes, Form 1099, and related compliance issues. Highlights
Payroll tax requirements for wages, including wages subject to the .9 percent tax, employee benefits and reimbursements, nonqualified deferred compensation, stock options, and tips
Fringe benefits issues, such as health insurance, life insurance, cafeteria plan benefits, accountable and non-accountable plans, standard mileage rates, and per diem rates
Special issues -- Using a common paymaster, how to file W-2s after a takeover, merger, or acquisition, and state and local tax withholding
Statutory employees, independent contractors, and possible changes to §530 relief
Penalties -- Who is a responsible person?
Expenses and gross-up calculations
Pension issues and payroll taxes including SIMPLE plans, and §401(k) and pension distributions
The Electronic Federal Tax Payment System (EFTPS)
Forms I-9, W-9, W-2, 1099, SS-8, and Form 940
Understanding payroll tax responsibilities in the gig economy
Registration
PICPA Member: $259 Nonmember: $359
More Information
Course No.
552800
Level:
Intermediate
Prerequisites:
None
Notes
This is a 8 credit webcast
Speaker(s)
Susan Smith
Smith & Associates
Susan Smith, CPA
Susan Smith manages her own firm specializing in tax planning for individuals
and business owners and is also a frequent speaker at tax conferences.
Smith spent 14 years as a Senior Manager in the tax departments of Price
Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price
Waterhouse, she also held the national specialist designation for the real
estate and partnership tax practices locally. During her time at Peat Marwick,
Smith led the real estate and tax practices locally. She has been an associate
adjunct professor at Widener University in the master’s in taxation program. Her
ratings have consistently exceeded 4.7 on a scale of 5.0. Also, she recently
received the James L. McCoy 2008 Discussion Leader of the Year Award for
excellence in teaching.
Smith earned her Bachelor of Business Administration degree, with an
accounting concentration, in 1978.