Payroll Tax Updates 2020: The Dos and Don'ts

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CEU Approved | Pre Recorded

  • 60 minutes

Major payroll changes take effect on January 1st of 2020. The IRS has redesigned the Form W-4 that employees fill out to determine how much withholding should be taken from their paychecks. We will discuss how these changes affect the withholding calculations, who needs to fill out a new W-4, and what to do with employees who have existing, “old” W-4s filled out. The Form 1099 world is also changing, as the 2019 forms you file will be the last time you put contract labor on a 1099-MISC. Starting with the 2020 tax year, you will put contract labor on a Form 1099-NEC instead. We will also cover a basic overview of business tax changes for 2019, such as the new partnership audit rules, basis tracking, and the qualified business income deduction.

Join this session with our expert Jason Dinesen where he will cover changes to payroll and business taxes for 2020, and for 2019 income tax returns. We will cover the new Form W-4 for payroll withholdings, other payroll updates, and business tax changes for 2019 tax returns due in 2020.

Session Highlights:

  • The new Form W-4 (in-depth discussion)

  • How withholding calculations work with the new W-4

  • Other payroll updates including key numbers for 2020; E-filing mandate is changing soon; ACA update; moving expense deductions, and employee achievement award taxation

  • Form 1099 update, including a discussion of the new Form 1099-NEC

  • Meal and expense deduction after the Tax Cut and Jobs Act (TCJA)

  • Excess business loss deductions

  • Net operating losses

  • Basic overview of depreciation after the TCJA

  • Business interest deduction limitation

  • Form 1065 (partnership) changes including basis tracking and the new "partnership audit regime"

  • Qualified business income deduction discussion

Why you should attend:

This webinar will cover changes for 2019 and 2020 relating to payroll and business taxes. You will also come to know about other payroll topics, such as handling employee moving expenses, accountable plans, and per diem rates. This fast-paced course will give you the knowledge you need to tackle these changes and stay in compliance.

Who should attend:

  • Business owners

  • Office managers

  • Payroll managers

  • Payroll professionals

  • Bookkeepers

  • Accountants

  • CPAs enrolled agents

  • HR Professionals

Advanced Preparation: None

Program Level: Intermediate

Prerequisites: None

Field of Study: Tax & Accounting

You may ask your Question directly to our expert during the Q&A session.

** You can buy On-Demand and view it at your convenience.

Jason Dinesen

Jason Dinesen

He is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on tax and accounting services for small businesses and individuals. 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. He started his practice in 2009.

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Edupliance is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit

This webinar has been approved for 1.0 HR (General) re-certification credit hours toward California, GPHR, HRBP, HRMP, PHR, and SPHR recertification through the HR Certification Institute. The use of this seal is not an endorsement by the HR Certification Institute of the quality of the activity. It means that this activity has met the HR Certification Institute’s criteria to be pre-approved for re-certification credit.

Edupliance 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: more information regarding administrative policies such as complaint and refund, please contact our offices at 844- 810-1151. PLEASE NOTE: To receive credit through the NASBA for this program you MUST attend the Live program in its entirety and complete the required progress checks.

Our Registration Number is 138832.

Number of CPE Credits Awarded for This Course: 1.0 (Taxes - 0.5, Accounting - 0.5)

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