Form W-4 and Other Payroll and Form 1099 Updates

Course Details

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ADDITIONAL DATES

Oct 30, 2020 | 04:00 PM EDT Register

Course Description

RECOMMENDED FOR ACCOUNTANTS, PAYROLL PERSONNEL, HUMAN RESOURCES, ACCOUNTS PAYABLE PERSONNEL, TAX MANAGERS AND ATTORNEYS.

On May 31, 2019, the Internal Revenue Service (IRS) released a draft of the 2020 W-4 form and on December 5, 2019, released the final 2020 Form W-4, Employee’s Withholding Certificate that radically changes the way employee paychecks are calculated. Before changes, the Form W-4 was a critical form that all companies have to obtain from employees and has had special processing requirements. The form includes major revisions, including several new input elements for federal income tax withholding calculations, which will require significant reprogramming of payroll systems

This webinar will prepare the payroll professionals to understand the changes to the Form W-4 for 2020 and to review the recently released draft of the 2020 W-4 Form. We will also discuss the IRS specific laws around the processing of Form W-4 and how they should be handled will be discussed. Apart from that, this webinar would cover : 

  • The layout of the new Form W-4 and its requirements
  • Withholding using 2020 Forms W-4 vs withholding using pre-2020 forms
  • What to do with existing, "old" W-4s filled out by employees?
  • How to handle moving expenses?
  • Form 1099-NEC for reporting of independent contractors
  • 2020 IRS Draft Form 1099-MISC Review

This webinar will prepare your staff for this filing year, improve your employee reporting set-up and maintenance practices, and reduce your risk of complaints from the IRS.

Learning objectives

  • Understand the new Form W-4 and proper way to process a federal W-4
  • Understand what to do with current employees who already have a W-4 on file
  • Understand how to calculate withholding now and with the new W-4
  • Understand other payroll changes, such as the treatment of moving expenses
  • Understand changes to Form 1099-MISC and Form 1099-NEC

About Presenter

Jason Dinesen, EA, LPA

Advisor, Dinesen Tax & Accounting, P.C.

jason@dinesentax.com

Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on accounting and bookkeeping services, tax preparation and business advising to individuals with a business focus ranging from home-based businesses to multistate corporations and not-for-profits. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College.

Unlike some other accounting firms, when Dinesen Tax & Accounting, P.C. says we offer personal service, we mean it. When you come to us with your tax preparation needs, you’ll deal directly with our owner and president, Jason Dinesen. We don’t put administrative staff in the middle of you and our tax expert. That means you’ll always have first-hand knowledge of where things stand, and important information won’t slip through the cracks. We welcome all clients, but especially individuals who want the benefits of a long-term relationship with an accounting firm capable of handling anything that might come along with their taxes. We give all our clients the time, attention, and convenience they should expect. If you have a challenging professional or personal schedule, Jason will accommodate you by meeting whenever – and wherever – works best for you.

FAQ

  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete webinar and respond to all polling questions asked during the webinar. CPE is issued on 50 minute credit hour basis.
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you are Canadian Chartered Professional Accountant (CPA) many of our courses qualifies for your verifiable CPD requirements you will get your certificate for the program. You can check a tab of “Webinar Qualifies for” for the same.However please do verify with respective regulatory body about the eligibility for the same.
  • Many of our courses are approved by “CFP Board” for CE credits of certified financial Planner(CFP). Please check a tab of “Webinar Qualifies for” to verify whether webinar qualifies for CE credits for CFP or not.

Refund/Cancellation Policy

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128

In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).

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 through its website: www.NASBARegistry.org.

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 maintenance 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

CTEC Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

upcoming Live CPE Webinars

QuickBooks: Tricky & Complex Situations for Advance Learners
Tuesday, October 20, 2020 | 09:00 AM EDT View Details/Register
Qualified Business Income (QBI) Deduction (IRC §199A) Detailed Study, Analysis,Calculations,Case Studies, Ins & Outs (Latest)
Tuesday, October 20, 2020 | 10:00 AM EDT View Details/Register
The Theory of Constraints and Lean Accounting
Tuesday, October 20, 2020 | 10:00 AM EDT View Details/Register
Individual International Tax Issues - Comprehensive Coverage
Tuesday, October 20, 2020 | 10:00 AM EDT View Details/Register
The Efficacy and Application of 30 Common Trusts
Tuesday, October 20, 2020 | 10:30 AM EDT View Details/Register
Executive Overview of Leases (Topic 842): Exploring Both the Accounting & Tax Implications
Tuesday, October 20, 2020 | 10:30 AM EDT View Details/Register
BEST TAX RETURN WORKSHOP - PARTNERSHIPS & LLCS (FORM 1065)
Tuesday, October 20, 2020 | 08:00 AM PDT View Details/Register
Five steps to an extraordinarily successful accounting firm
Tuesday, October 20, 2020 | 11:00 AM EDT View Details/Register
Practical Guide To Fraud 2020: Including Cash, Inventory & General Frauds
Tuesday, October 20, 2020 | 08:00 AM PDT View Details/Register
Estate Planning Fundamentals for IRAs 2020
Tuesday, October 20, 2020 | 08:00 AM PDT View Details/Register
ACCOUNTANTS & CPA FIRMS - 4 STEPS TO GAIN, RETAIN & EXPAND HIGH VALUE CLIENTS
Tuesday, October 20, 2020 | 12:00 PM EDT View Details/Register
1031 EXCHANGES FROM TAX SAVINGS TO WEALTH CREATION: ACCOUNTANTS, CFO, CONTROLLERS, CPAS, & TAX PROS
Tuesday, October 20, 2020 | 12:00 PM EDT View Details/Register
Dealing with IRS Collections Division (Part I)
Tuesday, October 20, 2020 | 12:30 PM EDT View Details/Register
Excel Tips & Tricks: For every Accountant, CPA, Bookkeeper, Tax Professional, Auditor & Controller
Tuesday, October 20, 2020 | 01:00 PM EDT View Details/Register
ETHICS FOR TAX PROFESSIONALS (LATEST 2020)
Tuesday, October 20, 2020 | 01:30 PM EDT View Details/Register
  • Cost FREE
  • CPE Credits 1
  • CE Credits 1
  • IRS Course ID GEHNZ-T-00109-19-O
  • CTEC Course ID 6273-CE-0083
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? Enrolled Agent Tax Practitioners CPA - Small Firm CPA - Mid Size Firm CPA - Large Firm Tax Pros CPA (Industry) Young CPA CPA in Business Entrepreneurial CPA Tax Accountant (Industry) Tax Managers
  • Handout Material Download

upcoming Live CPE Webinars

QuickBooks: Tricky & Complex Situations for Advance Learners
Tuesday, October 20, 2020 | 09:00 AM EDT View Details/Register
Qualified Business Income (QBI) Deduction (IRC §199A) Detailed Study, Analysis,Calculations,Case Studies, Ins & Outs (Latest)
Tuesday, October 20, 2020 | 10:00 AM EDT View Details/Register
The Theory of Constraints and Lean Accounting
Tuesday, October 20, 2020 | 10:00 AM EDT View Details/Register
Individual International Tax Issues - Comprehensive Coverage
Tuesday, October 20, 2020 | 10:00 AM EDT View Details/Register
The Efficacy and Application of 30 Common Trusts
Tuesday, October 20, 2020 | 10:30 AM EDT View Details/Register
Executive Overview of Leases (Topic 842): Exploring Both the Accounting & Tax Implications
Tuesday, October 20, 2020 | 10:30 AM EDT View Details/Register
BEST TAX RETURN WORKSHOP - PARTNERSHIPS & LLCS (FORM 1065)
Tuesday, October 20, 2020 | 08:00 AM PDT View Details/Register
Five steps to an extraordinarily successful accounting firm
Tuesday, October 20, 2020 | 11:00 AM EDT View Details/Register
Practical Guide To Fraud 2020: Including Cash, Inventory & General Frauds
Tuesday, October 20, 2020 | 08:00 AM PDT View Details/Register
Estate Planning Fundamentals for IRAs 2020
Tuesday, October 20, 2020 | 08:00 AM PDT View Details/Register
ACCOUNTANTS & CPA FIRMS - 4 STEPS TO GAIN, RETAIN & EXPAND HIGH VALUE CLIENTS
Tuesday, October 20, 2020 | 12:00 PM EDT View Details/Register
1031 EXCHANGES FROM TAX SAVINGS TO WEALTH CREATION: ACCOUNTANTS, CFO, CONTROLLERS, CPAS, & TAX PROS
Tuesday, October 20, 2020 | 12:00 PM EDT View Details/Register
Dealing with IRS Collections Division (Part I)
Tuesday, October 20, 2020 | 12:30 PM EDT View Details/Register
Excel Tips & Tricks: For every Accountant, CPA, Bookkeeper, Tax Professional, Auditor & Controller
Tuesday, October 20, 2020 | 01:00 PM EDT View Details/Register
ETHICS FOR TAX PROFESSIONALS (LATEST 2020)
Tuesday, October 20, 2020 | 01:30 PM EDT View Details/Register