Payroll and Form W-4 Update

The new W-4 is different from the old W-4, in that there are no more dependency exemptions. The way employers calculate withholding has also changed. Another layer of complexity involves employees who have an “old” W-4 on file. Employers are to continue using that old W-4, meaning two different ways of calculating withholding are used, depending on which version of the W-4 is on file. The webinar will also cover other payroll changes for 2020, including new key dollar amounts, the e-filing mandate and more. This webinar will cover the new Form W-4 that employees are to use for withholding starting in 2020. The new W-4 is different from the old W-4, in that there are no more dependency exemptions. The way employers calculate withholding has also changed. Another layer of complexity involves employees who have an “old” W-4 on file. Employers are to continue using that old W-4, meaning two different ways of calculating withholding are used, depending on which version of the W-4 is on file. The webinar will also cover other payroll changes for 2020, including new key dollar amounts, the e-filing mandate and more.

Join this session by expert speaker, Jason Dinesen, where he will discuss the new Form W-4 that employees are to use for withholding starting in 2020.

Session Highlights:

• Overview of the new Form W-4

• How the employee fills out the new W-4

• What the employer does with the new W-4

• How payroll calculations work with the new (and old) W-4

• Key numbers for 2020

• E-filing mandate is dropping

• Other payroll changes for 2020
  

Why You Should Attend:

The IRS has released a new Form W-4 and payroll withholding tables for 2020. Employees who have an “old” W-4 on file can continue using that old form, which means employers have two different ways withholdings can be calculated. This webinar will cover the ins and outs of the new W-4 so you understand what has changed, and we will cover the new withholding methods. In addition, we will cover other payroll changes for 2020, including the new key dollar amounts, the e-filing mandate, and more. 

Who Should Attend:

• Payroll Professional

• Public Accountants

• Tax Compliance Officers

• Enrolled Agents

• Employee Benefits Administrators

• Officers and Managers with Payroll or Tax Compliance Oversight

• Company / Business Owners

• Managers/ Supervisors

• Public Agency Managers

• Audit and Compliance Personnel
  

Advanced Preparation: None 

Program Level: Intermediate 

Prerequisites: None 

Field of Study: Finance

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.