Guide to Payroll Taxes and 1099 Issues - VIRTUAL
Webcast Only
4.00 Credits
Member Price $175.00
Price will increase by $25 after 10/17
Non-Member Price $225.00
Price will increase by $25 after 10/17
Overview
VIRTUAL OPTION
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. As a result, they have also been subject to employer incentives. The Service hs announced that uncovering noncompliance by employers ranks high on its audit list. This course presents an overview of employee versus independent contractor criteria, the federal payroll taxes form, Form 1099, and related compliance issues.
Highlights
Review key payroll tax rules, including worker classification, §530 relief, SS-8 determinations, responsible person penalties, reporting requirements, filing deadlines, and payroll tax considerations in today's gig economy.
Prerequisites
None
Designed For
CPAs in public accounting and industry with responsibility for payroll tax compliance
Objectives
After attending this presentation, participants will be able to . . .
- Distinguish an employee from an independent contractor and understand the relief available to employers who misclassify employees
- Understand the withholding requirements for FICA and federal income taxes for Forms W-2 and 1099, including back-up withholding
- Examine employer requirements regarding Form W-4
- Understand the gig economy and the payroll tax responsibilities associated with it
Preparation
None
Leader(s):
Leader Bios
William Taylor, AICPA
William (Bill) F. Taylor, CPA is a professional speaker and a CPA with a small tax and consulting practice. Bill is also an Adjunct Assistant Professor in the Masters of Business Administration program at the University of Mississippi. He recently retired as President of Renasant Bank in Water Valley, MS.
Bill has worked in the Accounting, employee benefit and investment fiels for over 25 years, beginning his career as the Employee Benefits Coordinator in the Jackson, MS office of KPMG Peat Marwick and managing his own firm since 1999. A nationally known consultant and speaker, Bill has conducted seminars for the American Institute of Certified Public Accountants, the American Society of Professionals and Actuaries, more than 40 state CPA and Bar associations and other organizations. He was awarded the AICPA Outstanding Discussion Leader award multiple times and the James L. McCoy Discussion Leader of the Year Award from Surgent CPE. Bill is the author of Taxation of Employee Benefits Volume I and Volume II, and his articles have appeared in numerous publications.
Non-Member Price $225.00
Member Price $175.00