Federal Taxes: Withholding, Depositing and Reporting

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Live Webinar | CEU Approved

  • 90 minutes
  • 0 Day Left
     Jan 16, 2018
  •   01:00 PM - 02:30 PM ET
    10:00 AM - 11:30 AM PT

The penalties are severe for failing to comply with employment tax rules and procedures since the IRS imposes both civil and criminal penalties on employers. In addition to these penalties, employers also have to pay interest on any underpayment of tax that is a result of noncompliance with these same regulations. Then once the taxes are withheld and paid they must be reported and reconciled. Which forms are used for the initial reporting and when are they due? Which forms are used to correct already submitted forms? These are critical questions that the payroll professional must have answers to right on the tip of their tongues.

In this webinar Expert Vicki Lambert will cover the basics of withholding, depositing and reporting federal taxes, It supports both quarter-end and year-end as well as all other IRS compliance issues facing the payroll department.

Session Highlights:

  • Introduction to the federal tax system

  • Obtaining an EIN

  • Federal Income Tax

  • Methods of withholding

  • How to handle supplemental wages

  • FICA Taxes

  • OASDI, Medicare, Additional Medicare Tax

  • What are the current wage bases and rates

  • How do totalization agreements affect FICA taxes

  • Are there special rules for nonresident aliens on visa

  • FUTA Tax

  • Who is subject

  • Current rate and wage base

  • Effect of credit reduction

  • Computing and paying the tax

  • Basic rules for Successor employers and Common Paymaster

  • Deposit rules

  • Reporting requirements

  • Penalties for noncompliance

Why You Should Attend:

This webinar covers the basics of withholding, depositing, paying and reporting payroll taxes. It provides a good solid foundation for the payroll beginner or an excellent refresher course for the seasoned professional. It will cover step-by-step the calculations for determining the proper income tax withholding including when to use the supplemental rate. Will also cover FICA taxes and how they are affected by totalization agreements (lUS citizens working abroad) and nonresident aliens (non-US citizens working in the United States).

Who Should Attend:

  • Payroll Professionals

  • Human Resources

  • Accounting Personnel

  • Business Owners

  • Lawmakers

  • Attorneys, or any individual or entity that must deal with the complexities and technicalities of ensuring compliance within the payroll process

Ask your question directly from our expert during the Q&A session following the live event.

Vicki  Lambert

Vicki Lambert

Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations. 

With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years 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 Program Developer, Subject Matter Expert (SME), and Facilitator for the Certificate in Payroll Practice and Management Program offered by Cengage Learning / Ed2Go through hundreds of colleges and universities across the country.

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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 1.5 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.

This webinar has been approved for 1.5 HR (General) recertification 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 recertification credit.

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