Form W-4 and Other Payroll Updates

4.6 (1061)

Jason Dinesen, EA, LPA

Dinesen Tax & Accounting, P.C.

  • AFSP
  • CPA
  • EA
  • HRCI
  • Tax Professional
  • SHRM
  • CTEC

1 Credit

$10

Subject Area

Taxes

Webinar Qualifies For

1 PDC credit for SHRM Certified Professionals (Approval No. 21-CVXYT)

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CE credit of Federal Tax for Oregon Tax Preparers

1 Business Credit credit for HRCI Certified Professionals (Approval No. 546446)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

The topic is also scheduled as live webinar on the following dates

Apr 20, 2021 | 02:30 PM EDT Register
Apr 27, 2021 | 10:30 AM EDT Register

Overview

  • Introduction
    2 mins
  • Form W-4 Changes: Basic Overview
    4 mins
  • Form W-4: Line-by-Line
    11 mins
  • Form W-4 from the employer’s perspective
    30 mins
  • Other payroll updates
    49 mins

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

Who Should Attend?

  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Tax Managers
  • Tax Practitioners
  • Tax Pros
  • Young CPA

Testimonial

4.6

(1061)
69%
25%
5%
1%
0%

JK

The poll questions are meaningless beyond confirming participation for CE purposes. However, I like how the instructor incorporated the poll questions into the discussion by beginning to discuss the correct answer while the poll question is still up and pending and leaving the poll question up an excessive amount of time. This style really contributes to the learning.

DH

I enjoy listening to Jason webinars, they are quite informative. I look forward to Pt 2. Learned a lot and reaffirmed a lot. He fields questions well and like his delivery style

BC

Jason is a fantastic presenter. His enthusiasm comes through the webinar and he is extremely knowledgeable. These elements make his presentations top notch.

JC

Interesting webinar! The information presented was very educational. I did learn something that could help me do my job better.

AM

The webinar was very instructive and insightful. Payroll Tax representation is an area that I have been active & as such, I was impressed with the thoroughness with which this class addressed this often complex and challenging subject. Thank you myCPE and Jason

LK

The webinar was packed with relevant information that was not vague or lacking. The presenter was clear in his presentation of the material