SHRM : 1.5
Preparing for year-end should not begin in October or November as it may have in the past. Preparation should begin in January and be conducted throughout the calendar year. This is especially important now as the IRS is looking at year-end compliance issues. In this webinar, Industry expert Vicki M. Lambert, CPP will give the latest best practices to help your payroll department transition from a year-end crunch to a smooth and compliant year-end process. She'll discuss how checklists can help keep you on track to ensure all tasks are completed. How a simple two-page memo can prevent dozens of employee questions. Vicki will cover how your duplicate Form W-2 request form and procedures should be set up and in place in advance of issuing the forms and how it will assist you when processing those requests in the upcoming year.
During the webinar Vicki, will provide an example of checklists that should be prepared for each year-end to assist in a smooth transition. She'll also provide updates for the calendar year 2021 on such items as social security wage base, deferred compensation limits, mileage rates, and Forms W-2 and 941. This webinar will provide a sample of a form to request a duplicate Form W-2 that can be used by the attendee in their own department as well as information on setting up the procedures for requesting the form. Vicki will also discuss how to work throughout the year to collect information from accounts payable for year-end instead of trying to obtain all the information in December. She'll demonstrate how this helps smooth out the year-end processing and relieve year-end stress for both departments and will provide the basis for a year-end memo to help payroll departments inform the company’s employees of what lies ahead for the upcoming year to help curtail questions during this hectic time for payroll.
Vicki will also cover any late-breaking legislation/regulation changes—including COVID-19 reporting changes to Form W-2.
This webinar concentrates on preparing the department for the end of the calendar tax year and the new year processing. Topics include reconciling, completing, and submitting Form W-2 federal and state; update to annual changes from the IRS, SSA, DOL, and on the state level; and best practices that will help make the year-end and year beginning go smoother.
Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company (www.thepayrolladvisor.com) offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations. With nearly 40 years of hands-on experience in all facets of payroll functions as well as over three decades as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today. A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the instructor for the American Payroll Association’s “PayTrain” online program also offered by Brandman University.