Taxing & Reporting Supplemental Pay: How to Get it Right Every Time

Duration: 90 minutes

Managing supplemental pay is a complex challenge where mistakes are easy to make and costly to fix. Get something wrong, and your organization could face penalties for everything from failing to withhold the correct tax to wage theft. This webinar teaches payroll pros how to avoid the taxation and reporting mistakes so many payroll pros make when handling overtime, bonuses, severance, and fringe benefits. (more details below)

* Approved for 1.5 recertification credit hour through HRCI & SHRM.


WHY ATTEND

This webinar program will equip you with a step-by-step system for getting supplemental pay right every time.

You’ll learn how to quickly distinguish between supplemental wage payments, regular wage payments, and compensation that falls outside both categories. You’ll understand the methods used to compute withholding for each category and see the application of the rules and methods to specific payments and situations. And you’ll learn how to checklist all your compliance requirements to make sure your organization stays out of legal and regulatory hot water.

It’s a fast-paced and detailed session that delivers the information essential for effectively managing supplemental wage payments—for new payroll managers and seasoned pros alike.

LEARNING OBJECTIVES

Attend this webinar and learn how to:

  • Compute withholding using each of the methods specified for supplemental wages.
  • Apply critical options and exceptions to the general rules.
  • Identify and apply the rules to common and not so common examples of supplemental pay. 
  • Apply the rules apply to severance pay, deferred compensation, and other post termination payments.
  • Determine when the 25% flat rate may be used and when it is not allowed.
  • Determine when the 39.6 % flat rate must be used and how to apply it to supplemental wage payments.
  • Avoid failure to withhold penalties.
  • Determine the effect of Form W-4 claims and regular pay period on supplemental pay withholding.
  • Meet recordkeeping requirements for compliance with mandatory flat rate withholding rules.

                  ABOUT THE SPEAKER

                  Pat Haggerty is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice. He began teaching accounting at the college level in 1988. He is licensed as an Enrolled Agent by the U. S. Treasury to represent taxpayers at all administrative levels of the IRS and is a Certified Management Accountant. He has written numerous articles and a monthly question and answer column for payroll publications. In addition, he regularly develops and presents webinars and presentations on a variety of topics including Payroll tax issues, FLSA compliance, and information return reporting.

                  Certification

                  This program has been approved for 1.5 recertification credit hour(s) through the HR Certification Institute (HRCI) & Society for Human Resource Management (SHRM).

                  What You Get With Each Option

                  Live Recording

                  Live Only

                  Participation in the live upcoming webinar

                  Recording

                  Recording Only

                  Full MP4 recording of webinar, including Q&A. Choose digital download or CD-ROM by mail.

                  Live and Recording

                  Live + Recording

                  Participation in the live webinar + Full MP4 Recording. For recording, choose digital download or CD-ROM by mail.

                  Event Package

                  Event Value Pack

                  Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. For recordings, choose digital download or CD-ROM by mail.

                  What You Get With Each Option close

                  Live Recording

                  Live Only

                  Participation in the live upcoming webinar

                  Recording

                  Recording Only

                  Full MP4 recording of webinar, including Q&A. Choose digital download or CD-ROM by mail.

                  Live and Recording

                  Live + Recording

                  Participation in the live webinar + Full MP4 Recording. For recording, choose digital download or CD-ROM by mail.

                  Event Package

                  Event Value Pack

                  Participation in the live webinar + Full MP4 Recording + Audio-only MP3 recording. For recordings, choose digital download or CD-ROM by mail.

                  About Webinar Connections close

                  Each purchase is for ONE computer to access the session.
                  A group may participate in a room together as long as only 1 computer is logged in.
                  If you need more than one computer to access the webinar, please call customer service at 888-479-2777.
                  A charge will apply for each connection.