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22WS-1179: Surgent's Guide to Payroll Taxes and 1099 Issues (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Thursday, December 8, 2022
Time 8:00am - 11:30am
Central Time
Location Online
CPE credits CPE 4.0
Field(s)
of study
Taxes - Technical (4.0)
Instructor Deborah Phillips, CPA, MST
Surgent
Fees
Standard Member Fee $159.00
Standard Nonmember Fee $159.00

Description

Employment taxes are often overlooked as an area where more planning may be effective. Payroll taxes have become an increasing burden for the average business and IRS penalties for noncompliance have risen dramatically in recent years. As a result, they have also been subject to employer incentives. The Service has announced that uncovering noncompliance by employers ranks high on its audit list. This course presents an overview of employee versus independent contractor criteria, the federal payroll taxes form, Form 1099, and related compliance issues.

Who should take this program?

CPAs in public accounting and industry with responsibility for payroll tax compliance

Major subjects

  • Statutory employees, independent contractors, and possible changes to Section 530 relief
  • Using SS-8
  • Payroll Tax Penalties-- Who is a responsible person?
  • Forms W-2, 1099, SS-8, W-4, 941, and Form 940 reporting/deposit requirements and due dates
  • Understanding payroll tax responsibilities in the gig economy

Learning objective(s)

  • Distinguishan employee from an independent contractor and understand the relief available to employees who misclassify
  • Understand the withholding requirements for FICA and federal income taxes for Forms W-2 and 1099, including back-up withholding
  • Examine employer requirements regarding Form W-4
  • Understand the gig economy and the payroll tax responsibilities associated with it

Notes:

Course code Code 22WS-1179
Sponsor Surgent
NASBA ID#: 103212
Level Basic
Format Group Internet Based
Prerequisites Prereq. None
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.