This 60-minute payroll compliance update reviews the payroll changes that applied for 2019. It covers the 2019 deferred compensation limits and other IRS limits, the Form W-2 updates for 2018 and changes to Form 941 for 2018.
You'll also look at FUTA updates, including the final 2018 credit reduction states and FUTA credit reduction states for 2019, state and local tax updates, and unemployment issues and state unemployment changes for 2019.
The session discusses the legal case against the FLSA overtime changes and the proposed overtime regulations then in abeyance, which regulations were deferred and which went forward, information return penalties, pretax rules, deadlines and other year-end topics.
WHY SHOULD YOU ATTEND?
Payroll rules from the IRS and other agencies change quickly, and payroll teams need to track limits, deadlines and pretax regulations to close the year correctly.
This session suits payroll professionals, HR teams with payroll responsibilities and anyone who closes out payroll for the calendar year and prepares year-end forms.
AREA COVERED
- Updates to Form W-2 for 2018
- FUTA updates for 2019, including the final 2018 credit reduction states
- State and local tax updates and state unemployment updates for 2019
- 2019 deferred compensation and other IRS limits
- Which regulations were deferred and which went forward
- The proposed FLSA overtime changes and the related legal case
- Changes to Form 941 for 2018
- Information return penalties and other year-end topics
LEARNING OBJECTIVES
- Apply the 2019 deferred compensation and other IRS limits
- Identify FUTA credit reduction states and their effect on employer tax
- Update year-end processes for Form W-2 and Form 941 changes
- Track state and local tax and unemployment changes
- Understand the status of the proposed FLSA overtime regulations at the time
WHO WILL BENEFIT?
- Payroll professionals
- Human Resources teams – especially those with payroll responsibilities
- Any other teams who must handle closing out payroll for the calendar year and preparing Year-End Forms
Payroll rules from the IRS and other agencies change quickly, and payroll teams need to track limits, deadlines and pretax regulations to close the year correctly.
This session suits payroll professionals, HR teams with payroll responsibilities and anyone who closes out payroll for the calendar year and prepares year-end forms.
- Updates to Form W-2 for 2018
- FUTA updates for 2019, including the final 2018 credit reduction states
- State and local tax updates and state unemployment updates for 2019
- 2019 deferred compensation and other IRS limits
- Which regulations were deferred and which went forward
- The proposed FLSA overtime changes and the related legal case
- Changes to Form 941 for 2018
- Information return penalties and other year-end topics
- Apply the 2019 deferred compensation and other IRS limits
- Identify FUTA credit reduction states and their effect on employer tax
- Update year-end processes for Form W-2 and Form 941 changes
- Track state and local tax and unemployment changes
- Understand the status of the proposed FLSA overtime regulations at the time
- Payroll professionals
- Human Resources teams – especially those with payroll responsibilities
- Any other teams who must handle closing out payroll for the calendar year and preparing Year-End Forms