Payroll Employment Tax Compliance

This Payroll tax compliance webinar will discuss the tax obligations for an employer such as how to recognize employer’s income, employment tax withholding and reporting. The adequacy of internal controls to ensure tax withholding and reporting requirements. Review Form 941 and proper filing guidelines, the reconciliation process applied to the W-2's by the IRS and the Social Security Administration, processes for gathering withholding information from employees on Form W-4.

Why Should You Attend:

Payroll professionals are cut from the compliance cloth. But compliance is complicated; and cash flow is often very tight. Borrowing from the government without their permission almost always results in bankruptcy. The company’s life is in jeopardy and the employees’ tax withholdings are lost. Payroll professionals are caught in the middle. We are here to help. Join this webinars to learn how to walk on the right side of the line and ensure your tax obligations are met.

Upon completion of this course, you will be able to:

• Describe the funding sources for the federal government.
• Recognize an employer’s income and employment tax withholding and reporting requirements.
• Recognize the consequences and penalties for non-compliance with requirements.
• Identify whether internal controls are adequate to ensure compliance with tax withholding and reporting requirements.
• Differentiate improper employment tax evasion schemes.
• Recognize the potential penalties and implications of willful evasion of employment tax requirements.