Preparing for Year End 2014 and Year Beginning 2015

Key Topics

• 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, advanced earned income credit and more
• Reconciliation of Form W-2 to Form 941 and why it must be done
• 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 use the required year-end notice to update your employees for the coming year
• Best practices for gathering, calculating and reconciling W-2 data
• How to handle duplicate requests for Form W-2 including charging fees
• Electronic delivery of W-2s to employees
• Taxation of fringe benefits at year end including awards and prizes, moving expenses, personal use of company cars and gift certificates
• State regulatory changes affecting payroll including SUI wage bases, minimum wage increases and more
• When to use the Form W-2c and when to correct the W-2 itself
• Review of filing deadlines
• Review of EFW-2 record changes for tax year 2014

Who should Attend

• Human Resources
• Payroll professionals
• Business Owners
• Accounting Personnel
• Attorneys
• Lawmakers
• Any individual or entity that must deal with closing out the payroll for the current year and beginning a new calendar year