This webinar is designed to help the participant to know updates for 2023 necessary to stay in compliance with the IRS. Did you know that penalties for information returns have been updated and can cost your company money if W-2’s and the required ACA forms are still required? Or that the IRS has implemented the requirement that employers report the Sick and Family leave wages paid to employees and taken as a credit on the Form 941 be reported on the Form W-2. These kinds of items and many more will be reviewed. We also will review the most updated information available on tax reform and the potential impact on payroll. Review of the COVID-19 legislation will be discussed and challenges that employer are experiencing, along with best practices to overcome those challenges.

Key Areas –

· To understand where we are in current legislation

· Understanding all the COVID-19 legislation and how it impacted reporting

· Review of American Rescue Plan Act of 2021 and how it impacts prior legislation

· To understand the possible impacts of tax reform

· Update on where legislation is with Tax reform and what the IRS is saying.

· Annual updates you need to be aware of

· Form updates and how to handle them for 2023 (W-2, W-4, 941, etc)

Why You Should Attend –

To better understand the do’s and don’t’ s of critical compliance forms
How to process the 941 and avoid audits
Processing W-2’s correctly
Proper reporting of COVID credits on the 2023 941 form
Understanding the new Electronic W-4 requirements

· How employers should support employees when completing the W-4 and what employers shouldn’t be doing.

Who Should Attend –

· Payroll professionals

· Tax Professionals

· Compensation Professionals

Instructor

Dayna Reum

Payroll Expert

Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. 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 including 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. Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

Credits

Frequently Asked Questions

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