Read this now
Payroll Taxes 101: Withholding, Depositing & Reporting Requirements
On-Demand Recording
Summary
Accurate payroll tax withholding is just the beginning - they must also be paid, reported, and reconciled. Failing to comply with the complex employment tax rules can result in severe penalties for employers.
In our compliance-based, 60-minute program, payroll-expert Vicki Lambert covers the essentials of withholding, depositing, paying, and reporting payroll taxes. She’ll provide a solid foundation for the payroll beginner, plus an excellent refresher for the seasoned professional. Join us as we address key factors impacting accurate withholding including:
- Types of payroll frequency used by employers
- Ensuring correct information is provided on W-4s
- Taxable wage base and rate in effect for OASDI/social security taxes
- Medicare tax rate and when the Additional Medicare Tax applies
- Status of the employees such as nonresident alien or expatriate
- The wage base and rate for federal unemployment insurance/ FUTA
- And much more!
Understanding the Federal Tax System
- Introduction to the federal tax system
- Steps for obtaining an EIN and why you need it
- Special tax rules for nonresident aliens on visa
Payroll Reporting Requirements
- Critical reporting requirements for payroll
- Guidelines for withholding federal income tax
- Keys to handling tricky supplemental wage issues
Taxes and Calculations Guidelines
- Understanding FICA Taxes: OASDI and Medicare
- The Additional Medicare Tax and when it applies
- Who is subject to FUTA tax – and how to calculate it
- FUTA tax: current rate and wage base
Ensuring Accuracy & Compliance
- Definition of Successor Employers and who it impacts
- Clear explanation of rules for Common Paymaster
- Penalties and cost for noncompliance
Question & Answer Session – Have your specific question answered!
Program Benefits
Every payroll professional from the seasoned veteran to the novice beginner must have a good working knowledge of the requirements to process payroll efficiently and accurately to stay in compliance. Join our 60-minute event as we cover the basics of withholding, depositing and reporting federal taxes.
If you'd like this program customized for your organization, call us at 1-800-964-6033.
We're certain we can fulfill your training needs, while making it fit in your budget!
ABOUT THE SPEAKER
Register Now
FOR ONLY $99
Receive all the valuable tools, guidance, and materials as if you attended live!
Get access to all of our workshops plus much more with a subscription to Resourceful Pro Insider.
Get
Guaranteed to be Good
All training experiences include a 7-day 100% money-back guarantee.
HRCI CREDITS
This program has been approved for 1 (HR (General)) recertification credit hour toward aPHRTM, aPHRiTM, PHR®, PHRca®, SPHR®, GPHR®, PHRiTM and SPHRiTM recertification through the HR Certification Institute. Learn more at hrci.org
SHRM CREDITS
Resourceful Finance Pro is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®. This program is valid for 1 PDCs for the SHRM-CP® or SHRM-SCP®. For more information about certification or recertification, please visit www.shrmcertification.org.
