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W-2 & W-4 Mastery: Latest Updates and Best Practices 2 Credits

W-2 & W-4 Mastery: Latest Updates and Best Practices 2 Credits

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Aug 29, 11:30 AM ET

Learning Objective

  • Discuss the latest updates in Form W-4 and Form W-2 reporting for the upcoming filing year.
  • Gain practical guidance to align employee reporting practices with recent regulatory changes.
  • Explain key regulatory topics, including retirement funding thresholds and expiring benefits/credits.
  • Analyze how to implement strategies for efficient electronic W-4 programs and handling employee expense reimbursements.
  • Inspect and enhance compliance by mastering electronic filing methods and IRS reporting requirements.
  • Explain how to prepare for the 2024 filing season's new threshold and learn rectification processes for reporting errors and penalties.

Course Overview

Prepare for a comprehensive understanding of the latest updates in Form W-4 and Form W-2 reporting with our exclusive webinar. Led by seasoned businessman Miles Hutchinson, this course is designed to equip your team for the upcoming filing year. Delve into the intricacies of employee reporting set-up and maintenance, ensuring your practices align with the most recent regulatory changes. Hutchinson's expertise will provide practical guidance, enabling you to navigate the evolving landscape and minimize the risks of IRS complaints.

This CE Tax webinar caters to a diverse audience, offering invaluable insights for Accountants, CFOs, Payroll and Human Resources personnel, Accounts Payable professionals, Tax Managers, and Attorneys. Gain an edge in regulatory compliance by understanding the current law and regulations governing Forms W-2 and W-4. With the IRS continually adjusting reporting requirements, staying informed is crucial. We'll dive deep into the nuances of these updates, preparing you to handle the complexities of this filing season with confidence.

Major topics:

  • Reviewing legal changes, e-filing, and retirement thresholds.
  • Discussing updated forms like W-4 and W-2.
  • Addressing employer-sponsored health coverage reporting.
  • Managing employee expense reimbursements and taxation.
  • Implementing efficient electronic processes for compliance.

Join us to optimize your reporting practices and reduce the complexities associated with IRS compliance. Hutchinson's extensive experience, spanning various industries, ensures a practical and insightful course. Take advantage of this chance to elevate your team's expertise, streamline your reporting processes, and navigate regulatory changes seamlessly for a successful filing year ahead.

  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 2 CE Credit of Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-01902-24-S)
  • 2 CE Credit of Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-01902-24-S)
  • 2 PDC Credit of Legal update for SHRM Professionals (Approval No. 24-QXRXW)

    Valid upto : Dec 31, 2024

  • 2 RCH Credit of Core Payroll Concepts for Certified Payroll Professional (CPP) (Approval No. 24CPE049)

    Valid upto : Dec 31, 2024

  • 2 RCH Credit of HR (General) for Human Resource Certification Institute (HRCI) (Approval No. 658714)

    Valid upto : Nov 30, 2024

  • 2 CE Credit of Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1510)
  • 2 RCH Credit of Core Payroll Concepts for Fundamental Payroll Certification (FPC) (Approval No. 24CPE049)

    Valid upto : Dec 31, 2024

  • 2 CE Credit of Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-01902-24-S)
  • 2 CE Credit of Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-01902-24-S)
  • 2 CE Credit of Federal Tax Law Update for LTC (Approval No. GEHNZ-U-01902-24-S)
  • 2 CPE Credit of Taxes for Iowa Licensed Public Accountant (IA-LPA)
  • 2 CPE Credit of Taxes for Maine Licensed Public Accountant (ME-LPA)
  • 2 CPE Credit of Taxes for Delaware Licensed Public Accountant (DE-LPA)

  • 1.5 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1.5 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 1 CE Credit of Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-01942-24-O)
  • 1 CE Credit of Federal Tax Law Update for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-U-01942-24-O)
  • 1.5 PDC Credit of HR metrics for SHRM Professionals (Approval No. 24-4QDXE)

    Valid upto : Dec 31, 2024

  • 1.5 RCH Credit of HR (General) for Human Resource Certification Institute (HRCI) (Approval No. 659769)

    Valid upto : Nov 30, 2024

  • 1 CE Credit of Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1544)
  • 1 CE Credit of Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-01942-24-O)
  • 1 CE Credit of Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-01942-24-O)
  • 1 CE Credit of Federal Tax Law Update for LTC (Approval No. GEHNZ-U-01942-24-O)
  • 1.5 CPE Credit of Taxes for Iowa Licensed Public Accountant (IA-LPA)
  • 1.5 CPE Credit of Taxes for Maine Licensed Public Accountant (ME-LPA)
  • 1.5 CPE Credit of Taxes for Delaware Licensed Public Accountant (DE-LPA)

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Miles Hutchinson: CPE Webinars for Accountants CRTP CPA & More
Miles Hutchinson

President, Learn Continuously, LLC

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Miles Hutchinson is a CGMA and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company. Miles is a professional speaker and consultant who has presented over 2,700 seminars and training sessions on a myriad of business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act.  He is recognized as an expert in payroll and sales & use tax as well as financial modeling & analysis, business strategy and communications.  He is the author of several useful accounting and tax tools available at www.soxpolicies.com and www.salestaxadvisors.com.  His clients include, Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army.  Please visit his web sites to see how you can further benefit from his expertise.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

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CP

Carrie Parker, CPP

The credits to complete this course differ in different areas of the platform. Some areas indicate 2 credits (in the course catalog), one area (the location where you launch the course) indicates 1.5 credits.

BR

Bonnie Robosky, SPHR

A very dry subject, but I appreciated the thorough knowledge of the presenter and the nuances he related. He had a good sense of humor too. I thought this was a comprehensive webinar.

Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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