Payroll Hiring Issues: Forms and Tax Credits

• Overview
• Agenda
• Faculty
• Credits

Benefits

Many employers want to increase their level of payroll tax compliance by implementing policies and procedures with respect to obtaining necessary information from new hires that is related to the processing of payroll and payroll taxes. This teleconference will assist you in evaluating your current new hire process as it relates to the completion and filing of specific payroll related forms that may be necessary when an employee is hired. The teleconference will provide examples of IRS and certain state required procedures, and provide insight on any recent changes and updates. We will discuss forms that you may be required to produce upon audit by the IRS or state taxing authority and how long certain forms should be retained. The teleconference will educate you regarding the issues involved in determining when a specific form should be completed and submitted to a taxing jurisdiction, as well as potential consequences for failing to do so.

The teleconference will also review federal employment-based tax credits, their application and potential administrative pitfalls. We will also highlight and provide updates on certain state employment-based credits.

After attending this teleconference, you should be better prepared to evaluate your current level of payroll compliance and facilitate future compliance, as necessary. You will also be able to understand the utilization and importance of a company's onboarding process and the importance of payroll data accuracy in the tax credits process. In addition, you should have an increased awareness of the issues surrounding proper completion and filing of new hire payroll-related forms.