Payroll Preparation for Year End 2019 and Year Beginning 2020
Duration : 75 Minutes
This course, has been approved for 1.25 HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®).
Mark Schwartz,
Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of 20 ongoing audits, from small home-based businesses to large multi-national c Read more
Being prepared for 2020 means closing out 2019 properly, AND making necessary updates to your automated payroll systems prior to the 1st pay period in 2020. Prior to preparing 4th qtr returns, year end information returns, and accounting entries, you MUST reconcile the year’s activity. In this webinar you will learn how to reconcile payroll, how to properly fill out year end returns, and when to file them. We will go over all 2020 announced changes to tax rates, wage limits, and legislative announcements. We will highlight important State and Local changes, and inform you where to look for other updates. If done properly, you won’t be asking to “stop the clock” in order to make last minute changes.
Course Objectives:
• 2020 Tax Rates and Wage Limit Changes
• Recap of important 2019 changes (the Indept Contractor Definitions, New Overtime Rules, ETC}
• New legislation announced by the IRS
• The new W4 for 2020
• Major State and Local legislative changes
• How to reconcile 2019 payroll returns and ledgers
• How to properly process year end bonuses, fringe benefits, travel pay, etc.
• Suggestions for preparing your payroll system for 2020 by the 1st pay period
Why Should You Attend:
Pay period to pay period, payroll can be routine. Overreliance on automated systems leads to a variety of errors that, if not caught in time, can lead to penalties, interest and other negative consequences. While accounting departments ‘stop the clock” in order to reconcile, adjust and prepare financial statements; payroll does not have this luxury. Hence, being prepared well in advance of year end can help ensure a smooth year to year transition.
Course Outlines:
• Major updates for 2019 from the IRS and other agencies.
• Major points of DOL’s new overtime regulations
• New FICA Wage limits
• Minimum wage updates
• State unemployment insurance rates
• Minimum salary requirements to be exempt from overtime
• Specific steps on how to efficiently reconcile pay periods to qtrly returns, and qtrly returns to year end forms and information returns.
• What to keep an eye out for in 2020
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
• Payroll Professionals
• Tax Professionals
• Accountants
• Controllers
• Payroll Professionals
• Compensation Professionals
• HR Professionals
• Benefit Professionals
• Any HR or Finance Team member with payroll responsibilities
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
100% MONEY BACK GUARANTEED
Refund / Cancellation policyGet In Touch
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