Year-End Payroll: Close Out 2020 With Confidence—And Prepare for 2021

WHY ATTEND

In payroll, the last thing you want at year’s end is to be left scrambling to meet deadlines. That’s how mistakes get made. And with the IRS now increasing its emphasis on year-end compliance issues, those mistakes have very costly consequences.

In this fast-paced and information-packed webinar, payroll and compliance expert Vicki Lambert will help ensure you’ve covered every detail of your year-end processing—and set you up with a proven method for maintaining compliance throughout 2021.

This session will walk you through both compliance updates and process best practices. Plus, participants will receive a comprehensive checklist to ensure you’re covered all your bases, and sample forms and memos that will save you hours of valuable time.

LEARNING OBJECTIVES

Get your team through the December crunch with confidence. Join us for this timely and important session that covers:

• Latest update on the “All-New” Form W-4 for 2021
  
• Reconciliation of Form W-2 to Form 941 and why it must be done
  
• Update on year-beginning annual changes for social security wage base, fringe benefit limitations, federal per diem allowance, standard mileage rate, qualified transportation fringe benefits, and more.
  
• How to use the required year-end notice to update your employees for the coming year
  
• Best practices on organizing the payroll department for year-end including action item check lists for Form W-2, Year end and Year beginning to ensure a smooth process
  
• How to handle duplicate requests for Form W-2 including charging fees
  
• Update to Form 668-W
  
• Status review of Publication 1494 for 2020 and 2021
  
• Changes to Form W-2 for 2020
  
• Possible changes to Form 941 for 2021
  
• Best practices for gathering, calculating and reconciling W-2 data all year long as is now expected by the IRS
  
• Taxation of fringe benefits for year-end including awards and prizes, moving expenses, personal use of company cars and gift certificates
  
• Latest update on white-collar exemptions
  
• Electronic delivery of W-2s to employees
  
• When to use the Form W-2c and when to correct the W-2 itself
  
• State regulatory changes affecting payroll including SUI wage bases, minimum wage increases and more
  
• Review of EFW-2 record changes for tax year 2020
  
• Verifying employee names and SSN’s
  
• Review of filing deadlines
  
• Third Party Sick Pay reporting
  

ABOUT THE SPEAKER

Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company’s website www.thepayrolladvisor.com offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations.

With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today.

A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the Program Developer, Subject Matter Expert (SME), and Facilitator for the Certificate in Payroll Practice and Management Program offered by Cengage Learning / Ed2Go through hundreds of colleges and universities across the country.