Human Resources Training, payroll best practices

New Forms and Requirements of the 2019 Payroll Tax Update Explained

Payroll-Taxes

A change in the penalties for information returns is one of the updates the IRS has brought. As a result of this change, those companies which still require W-2’s and the required ACA forms will cough up more penalties. Organizations have to also be mindful of the fact that a pilot program has been implemented by the IRS, which has a bearing on the way payroll service providers work, since they are now required to have an additional number on the W-2 as an extra layer in helping to reduce identity theft. Following the resounding success of this pilot program, it is now the feature with which Form W-2 has been updated for 2019.

So, organizations that work in any manner on a payroll need to be aware of the various aspects of such updates. Want to gain more on this learning? A webinar from TrainHR, a leading provider of professional training for all the areas of human resources, offers just this.

Being organized on June 3, this this webinar will have Dayna Reum, Payroll Tax Manager at PetSmart Inc., as its speaker. Please register for this valuable training by logging on to http://bit.ly/2VfXvdF.

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Familiarizing participants with the updates for 2019 is the chief learning this webinar is going to impart. This learning is vital to be compliant with the IRS. In updating participants with the present status of this legislation, the speaker will help them get a grasp of the possible repercussions of the tax reforms. She will offer them an understanding of how this update pertains to tax reform and explain what the IRS thinks in this matter.

Another learning this webinar is going to impart is about the annual updates that the participants need to be aware of. The speaker will give an understanding of this, and will also explain the various forms and will describe how to handle them for 2019. Dayna will also give an understanding of tax reform and the impact it will continue to make on the way payroll functions.

At this webinar, which is aimed for the benefit of Payroll Professionals, Tax Professionals, Accountants, Controllers and Human Resource Professionals, the speaker will cover the following areas:

  • Form 941 & Form W-2
  • Deadline Updates for 2019 for W-2 Reporting
  • Changes to the Form 941 for 2019
  • Tax Reform Updates
  • Annual Taxation Updates
  • Deferred Comp
  • IRS Limits (Mileage, transportation, etc.)
  • Taxation of Fringe Benefits
  • 2019 Budget and Payroll Impact
  • Tax Reform and what it could mean for you.

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About the speaker: Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. A Certified Payroll Professional, she also serves on the National American Payroll Association on the national Strategic Leadership Task Force, Government Affairs Task Force. Dayna is also certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

 

 

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