This webinar covers the IRS Form 941 and its accompanying Form Schedule B for 2020. It discusses what is new for the form in 2020 and covers the requirements for completing each form line by line. It includes the filing requirements and tips on reconciling and balancing the two forms.
Form 941 is the link between your payroll records and the IRS tax records. Proper administration of this vital form is critical if you want to avoid IRS Notices and the penalties and interest that accompany them. The Schedule B is also a crucial form for many employers. The IRS demands that the Form 941 and the Schedule B match to the penny…every single time…without fail!
It has always been a requirement that the Forms 941 be reconciled with the Forms W-2 prior to submitting each form. If the employer fails in this reconciliation, the IRS and Social Security Administration can both assess penalties! This reconciliation has become even more critical these past few years.
Payroll Webinar: Form W-2 for 2020: All You Need to KnowAscentis
The Form W-2 is one of the most important documents that payroll departments must process. This webinar covers the IRS Form W-2 for 2020. We examine the requirements for completing and filing the form including a box by box explanation. Best practices for completing and reconciling the form, handling duplicate requests from employees are also covered. When to use the correction Form W-2c is also discussed.
Payroll Webinar: W-2’s vs. 1099’s: Understanding Who Should be an Independent...Ascentis
This webinar examines how the common law rule is used to determine worker status and which three requirements are used to correctly classify a worker as an independent contractor along with the requirements for when a worker must be classified as an employee. Misclassifying employees and independent contractors are getting more costly by the day. With federal and state agencies joining forces to combat misclassification, fines and penalties have skyrocketed. And every day the misclassification continues the penalties mount up and up until this ticking time bomb finally explodes! Find out how to defuse that ticking bomb by joining renowned payroll expert Vicki M. Lambert, CPP for this information packed webinar!
Payroll Webinar: Wage and Hour Compliance in 2020: It’s More Than Just Calcul...Ascentis
This webinar concentrates on federal and state wage and hour requirements that must be followed in the payroll department. Areas of discussion include calculating overtime, travel time, minimum wage, posting requirements, meal and rest periods, how often an employee must be paid and by what method and paying terminated employees.
Payroll Webinar: Forms W-2/941/940 for 2021: The Information You Need to Know!Ascentis
It is a New Year! Are you and your payroll department ready? Join “The Payroll Advisor” Vicki M. Lambert, CPP as she helps you to understand the proper procedures for completion of Form W-2, Form 941 and Form 940 for 2021.
Payroll Webinar: The A to Z of Garnishments Part 3Ascentis
We have discussed the legal aspect, now we need to turn our attention to the best practices for processing the garnishments within the payroll department. For example, how and when should payroll communicate with the employee concerning a garnishment? Should tracking reports be set up to ensure proper deductions and payments? These are just a few of the questions we will answer during this webinar.
Now that we have discussed the rules and regulations of Garnishments it is time to get down and do the math. In this webinar we will apply all that we learned in parts 1 and 2 by reviewing all types of examples of calculating garnishments. This will include how to prorate when an employee has two or more child support withholding orders and not enough disposable income to cover both; the proper calculations for a federal tax levy; what to do if the employee has a creditor garnishment and a child support withholding order and much, much more.
Payroll Webinar: The A to Z of Garnishments Part 2Ascentis
Tax levies and creditor garnishments can be some of the most complex tasks required of any payroll department. If garnishments are not handled correctly, you may find yourself facing situations that become extremely costly both financially and emotionally. Courts, federal and state regulations, bureaucracies, lawyers and a multitude of other factors can complicate even the most basic procedures. Add in the emotional turmoil that often accompanies garnishment orders and even small errors can become major disasters.
The reality is that all of the people and entities involved tax levies and other types of creditor garnishments expect action from the payroll department. Payroll must understand all the laws that apply towards processing these types of garnishments backwards and forwards. It is sometimes even up to the payroll department to catch and correct any errors that have been made by anyone else along the way! Precise and accurate compliance with garnishment regulation can help to reduce or eliminate the emotional and financial toll that can result from these unfortunate situations as well stave off any penalties that may result if processed incorrectly
Join Jim Paille as he talks about payroll tax compliance going into the new year. In this session, you will understand the latest tax reform items that affect payroll. He will cover new IRS initiatives to be mindful of entering 2021. Then, Jim will discuss topics related to the 2020-2021 W-4’s impact at both the federal and state levels. Finally, he will cover some tips you can leverage to make your year-end processing more efficient and effective.
Payroll Webinar: The A to Z of Payroll Garnishments Part 3Ascentis
In parts two and three of the A to Z of Payroll Garnishments we discussed the legal aspects of garnishments, now in our third and final chapter we will turn our attention to the best practices for processing the garnishments within the payroll department.
We will apply our learnings and review examples of calculating all types of garnishments, including how to prorate when an employee has two or more child support withholding orders and not enough disposable income to cover both, the calculations for a federal tax levy, what to do if the employee has a creditor garnishment and a child support withholding order and more!
Payroll Webinar: Form W-2 for 2020: All You Need to KnowAscentis
The Form W-2 is one of the most important documents that payroll departments must process. This webinar covers the IRS Form W-2 for 2020. We examine the requirements for completing and filing the form including a box by box explanation. Best practices for completing and reconciling the form, handling duplicate requests from employees are also covered. When to use the correction Form W-2c is also discussed.
Payroll Webinar: W-2’s vs. 1099’s: Understanding Who Should be an Independent...Ascentis
This webinar examines how the common law rule is used to determine worker status and which three requirements are used to correctly classify a worker as an independent contractor along with the requirements for when a worker must be classified as an employee. Misclassifying employees and independent contractors are getting more costly by the day. With federal and state agencies joining forces to combat misclassification, fines and penalties have skyrocketed. And every day the misclassification continues the penalties mount up and up until this ticking time bomb finally explodes! Find out how to defuse that ticking bomb by joining renowned payroll expert Vicki M. Lambert, CPP for this information packed webinar!
Payroll Webinar: Wage and Hour Compliance in 2020: It’s More Than Just Calcul...Ascentis
This webinar concentrates on federal and state wage and hour requirements that must be followed in the payroll department. Areas of discussion include calculating overtime, travel time, minimum wage, posting requirements, meal and rest periods, how often an employee must be paid and by what method and paying terminated employees.
Payroll Webinar: Forms W-2/941/940 for 2021: The Information You Need to Know!Ascentis
It is a New Year! Are you and your payroll department ready? Join “The Payroll Advisor” Vicki M. Lambert, CPP as she helps you to understand the proper procedures for completion of Form W-2, Form 941 and Form 940 for 2021.
Payroll Webinar: The A to Z of Garnishments Part 3Ascentis
We have discussed the legal aspect, now we need to turn our attention to the best practices for processing the garnishments within the payroll department. For example, how and when should payroll communicate with the employee concerning a garnishment? Should tracking reports be set up to ensure proper deductions and payments? These are just a few of the questions we will answer during this webinar.
Now that we have discussed the rules and regulations of Garnishments it is time to get down and do the math. In this webinar we will apply all that we learned in parts 1 and 2 by reviewing all types of examples of calculating garnishments. This will include how to prorate when an employee has two or more child support withholding orders and not enough disposable income to cover both; the proper calculations for a federal tax levy; what to do if the employee has a creditor garnishment and a child support withholding order and much, much more.
Payroll Webinar: The A to Z of Garnishments Part 2Ascentis
Tax levies and creditor garnishments can be some of the most complex tasks required of any payroll department. If garnishments are not handled correctly, you may find yourself facing situations that become extremely costly both financially and emotionally. Courts, federal and state regulations, bureaucracies, lawyers and a multitude of other factors can complicate even the most basic procedures. Add in the emotional turmoil that often accompanies garnishment orders and even small errors can become major disasters.
The reality is that all of the people and entities involved tax levies and other types of creditor garnishments expect action from the payroll department. Payroll must understand all the laws that apply towards processing these types of garnishments backwards and forwards. It is sometimes even up to the payroll department to catch and correct any errors that have been made by anyone else along the way! Precise and accurate compliance with garnishment regulation can help to reduce or eliminate the emotional and financial toll that can result from these unfortunate situations as well stave off any penalties that may result if processed incorrectly
Join Jim Paille as he talks about payroll tax compliance going into the new year. In this session, you will understand the latest tax reform items that affect payroll. He will cover new IRS initiatives to be mindful of entering 2021. Then, Jim will discuss topics related to the 2020-2021 W-4’s impact at both the federal and state levels. Finally, he will cover some tips you can leverage to make your year-end processing more efficient and effective.
Payroll Webinar: The A to Z of Payroll Garnishments Part 3Ascentis
In parts two and three of the A to Z of Payroll Garnishments we discussed the legal aspects of garnishments, now in our third and final chapter we will turn our attention to the best practices for processing the garnishments within the payroll department.
We will apply our learnings and review examples of calculating all types of garnishments, including how to prorate when an employee has two or more child support withholding orders and not enough disposable income to cover both, the calculations for a federal tax levy, what to do if the employee has a creditor garnishment and a child support withholding order and more!
Payroll Webinar: What You Need to Know about Benefits TaxationAscentis
You will learn the payroll department’s responsibilities pertaining to the set-up of employee benefits, including retirement, health and welfare and other benefits. You will learn what payroll department staff need to know when tax withholding needs to occur and how to communicate the tax withholding effectively to employees. Learn how to be proactive on employee taxation issues with management and prevent surprises.
Payroll Webinar: Paying Overtime Under the FLSA Part 1Ascentis
This is the first of a two-part webinar that will help you better understand the sometimes confounding requirements and procedures involved in overtime calculation. Calculating overtime pay for nonexempt employees sounds so simple. Common folk lore says you simply count the hours the employee works beyond 40 hours a week. Then you multiply that by 1.5 times their hourly pay rate and you’re done right? Not so fast! The truth is that overtime rules and the mathematics required to arrive at the correct calculation can be extremely tricky.
Penalties for overtime violations can be severe with the possibility of fines, imprisonment or both! Add civil suits to the mix and the results can be devastating to any business no matter how large or small! And just to make it interesting, most states use the same definition to calculate overtime as the FLSA does. So one error can earn you double the penalties.
Payroll Webinar: The Essentials for Third Party Sick Pay in 2020Ascentis
This webinar discusses the proper taxation and reporting of the fringe benefit known as third party sick pay. It discusses what is and is not third party sick pay, how the taxation is affected by the status of the provider (is or is not the employer’s agent), when this type of payment is taxable and/or reportable and who is responsible for this taxation and reporting.
Payroll Webinar: The A to Z of Payroll Garnishments Part 2Ascentis
Tax levies and creditor garnishments can be some of the most complex tasks required of any payroll department. Payroll must understand all the laws that apply towards processing these types of garnishments backwards and forwards. It is sometimes even up to the payroll department to catch and correct any errors that have been made by anyone else along the way!
Precise and accurate compliance with garnishment regulation can help to reduce or eliminate the emotional and financial toll that can result from these unfortunate situations as well stave off any penalties that may result if processed incorrectly.
This webinar concentrates on processing garnishments, other than child support, in the payroll department. We’ll cover the federal rules for creditor garnishments, the IRS rules for federal tax levies, the various aspects of state tax levies, the key points for processing state creditor garnishments, how to handle voluntary wage assignments like payday loans and student loans. And that’s not all – we’ll also review the IRS Form 668-W.
Payroll Webinar: Tax Levies and Creditor Garnishments: What Payroll Must Know...Ascentis
This webinar concentrates on processing garnishments in the payroll department other than child support. It covers the federal rules for creditor garnishments, the IRS rules for federal tax levies, the various aspects of state tax levies, the key points for processing state creditor garnishments, how to handle voluntary wage assignments such as payday loans and student loans. It includes best practices for reconciling and processing the garnishments in the payroll department. Sample memos for communicating with the employee concerning garnishments are included. The IRS Form 668-W is reviewed.
Payroll Webinar: Going Paperless in PayrollAscentis
Getting away from paper use in business is both good for the environment and the company’s bottom line! So finding ways to eliminate paper use in the payroll department is something every business should consider. Finding the right methods to decrease or eliminate paper in your day-to-day payroll operations while ensuring that proper compliance requirements are met can be done in any department if you know how!
HR Webinar: Ho, Ho, Ho My Goodness: Compliance Review for Year-End 2019Ascentis
We, in HR, have some unique holiday traditions. Sometime between the turkey and cranberries, and the mistletoe and gift wrapping, our thoughts turn to compliance, and how our responsibilities may be changing at the first of the coming year. In this session, we will review the rather impressive list of HR, Benefits and Payroll-related changes coming our way in January 2020.
We hope to see you there! Stay tuned for more accredited session invitations.
Payroll Webinar: Streamlining Payroll Operations and EfficienciesAscentis
Payroll is often the largest expense for a business and can be even more costly because of non-compliance, inefficient processes, lack of controls, and outdated technology. A missed deadline or incorrect tax filing can result in hefty fines and even jail time. Manual entry of HR/payroll records is time-consuming and prone to human error. Not having controls in place, whether you are a public or a private company, can increase the risk of fraud. Outdated technology can be complex and tends to add more administrative burden to HR/payroll teams, causing unwanted stress and frustration.
In this session we talk about the many ways that companies can stay compliant, streamline payroll operations, and optimize efficiency. We’ll share best practices and current trends to help improve your overall payroll operations and keep things running smoothly.
HR Webinar: The American Rescue Plan Act of 2021: New Employer Opportunities ...Ascentis
On March 11, 2021, President Biden signed into law H.R. 1319, the “American Rescue Plan Act of 2021” (APRA). The latest in an extended series of COVID-19 economic relief bills, with a price tag of $1.9 trillion and weighing in at an impressive 628 pages, ARPA will bring cumulative US federal pandemic relief spending to approximately $5.7 trillion. While the new law’s consumer provisions – like direct stimulus payments to about 89% of US taxpayers, extended unemployment benefits, and increased child tax credits – have gotten almost all the press coverage related to this law, as with prior laws (FFCRA, CARES Act, CAA) there are many employer-impacting provisions that have so far “flown under the radar.”
At Ascentis, we’ve hauled out our trusty “HCM radar detector” to hone in on just those provisions which may impact and delight (or maybe not?) employers, and the HR community, around the country.
Payroll Webinar: A to Z of Garnishments Part 1Ascentis
In this three part series on the proper handling and processing of garnishments we will discussed the rules, regulations and requirements as they apply to withholding and paying child support, tax levies, creditor garnishments and others.
In Part 1 we focus on Child Support. Payroll departments must know both the federal laws and the state laws and must determine which one applies to the child support withholding order. In addition to these laws and regulations, the federal rules now require that a standard Income Withholding Order (IWO) be used for all child support withholding garnishments. This webinar will review this form and its requirements. And although the IWO can include all the information necessary to comply with the order, employers must familiarize themselves with both federal and state regulations to avoid penalties and liabilities. Withholding monies for child support is not the only requirement that applies to providing for a child, medical support orders are required to be process by payroll as well. And these orders have their own rules and regulations on both the federal and state level.
HR Webinar: Immigration Changes and the Impact to Employers: 2018-2019Ascentis
It's not a government secret: The current administration is interested to change many elements of immigration policy and has a demonstrated preference that every job in the US that can possibly be filled by an American citizen, is. Yet despite one of the most full-throated verbal battles on Capitol Hill in recent memory (complete with a record government shutdown of 35 days), the Reconciliation Bills that finally got signed had virtually no changes to employment law or employer immigrant-status policy. E-Verify mandates continue to be controlled at the state level, with no nationwide mandate. So far, the primary changes in work visa and immigration policy have been via Executive Action, and in this session, we'll review the substantial movement on that front.
Employers need to prepare for IR35 reforms which are being introduced in the private sector this April. Like the public sector, clients will have to determine whether the contractor falls inside or outside IR35. There is a right way and a wrong way to comply with IR35 rules. Just putting all contractors ‘inside IR35’ and hoping for the best isn’t good enough.
During this webinar, Jas Jhooty, Director at emTax, will explore the steps that need to be taken to obtain ‘outside IR35’ SDS rulings for as many contractors as possible. By making simple changes to contracts and working conditions, businesses can keep 'inside IR35’ contractors to a minimum and reduce costs from April 2021.
Plus, see how BrightPay caters for IR35, including automatic disabling of employee benefits that off-payroll workers are not entitled to.
COVID-19 NSW Business Grants - Legal QuestionsTom Willis
In Part 2 of our Covid Support Series with POP Business, Lawyer Damin Murdock covers all the important legal issues facing businesses throughout lockdown and beyond.
Form 16 (or salary certificate in layman’s language) is a certificate issued by an employer to all his employees for a particular financial year at the end of the said year reflecting the total salary paid and amount of tax deducted (‘TDS’). For every salaried employee, TDS form (Form 16) is of utmost importance from income-tax point of view as it forms the base of his / her income-tax return. For more details visit us at www.taxfreemart.in
Payroll Webinar: What You Need to Know about Benefits TaxationAscentis
You will learn the payroll department’s responsibilities pertaining to the set-up of employee benefits, including retirement, health and welfare and other benefits. You will learn what payroll department staff need to know when tax withholding needs to occur and how to communicate the tax withholding effectively to employees. Learn how to be proactive on employee taxation issues with management and prevent surprises.
Payroll Webinar: Paying Overtime Under the FLSA Part 1Ascentis
This is the first of a two-part webinar that will help you better understand the sometimes confounding requirements and procedures involved in overtime calculation. Calculating overtime pay for nonexempt employees sounds so simple. Common folk lore says you simply count the hours the employee works beyond 40 hours a week. Then you multiply that by 1.5 times their hourly pay rate and you’re done right? Not so fast! The truth is that overtime rules and the mathematics required to arrive at the correct calculation can be extremely tricky.
Penalties for overtime violations can be severe with the possibility of fines, imprisonment or both! Add civil suits to the mix and the results can be devastating to any business no matter how large or small! And just to make it interesting, most states use the same definition to calculate overtime as the FLSA does. So one error can earn you double the penalties.
Payroll Webinar: The Essentials for Third Party Sick Pay in 2020Ascentis
This webinar discusses the proper taxation and reporting of the fringe benefit known as third party sick pay. It discusses what is and is not third party sick pay, how the taxation is affected by the status of the provider (is or is not the employer’s agent), when this type of payment is taxable and/or reportable and who is responsible for this taxation and reporting.
Payroll Webinar: The A to Z of Payroll Garnishments Part 2Ascentis
Tax levies and creditor garnishments can be some of the most complex tasks required of any payroll department. Payroll must understand all the laws that apply towards processing these types of garnishments backwards and forwards. It is sometimes even up to the payroll department to catch and correct any errors that have been made by anyone else along the way!
Precise and accurate compliance with garnishment regulation can help to reduce or eliminate the emotional and financial toll that can result from these unfortunate situations as well stave off any penalties that may result if processed incorrectly.
This webinar concentrates on processing garnishments, other than child support, in the payroll department. We’ll cover the federal rules for creditor garnishments, the IRS rules for federal tax levies, the various aspects of state tax levies, the key points for processing state creditor garnishments, how to handle voluntary wage assignments like payday loans and student loans. And that’s not all – we’ll also review the IRS Form 668-W.
Payroll Webinar: Tax Levies and Creditor Garnishments: What Payroll Must Know...Ascentis
This webinar concentrates on processing garnishments in the payroll department other than child support. It covers the federal rules for creditor garnishments, the IRS rules for federal tax levies, the various aspects of state tax levies, the key points for processing state creditor garnishments, how to handle voluntary wage assignments such as payday loans and student loans. It includes best practices for reconciling and processing the garnishments in the payroll department. Sample memos for communicating with the employee concerning garnishments are included. The IRS Form 668-W is reviewed.
Payroll Webinar: Going Paperless in PayrollAscentis
Getting away from paper use in business is both good for the environment and the company’s bottom line! So finding ways to eliminate paper use in the payroll department is something every business should consider. Finding the right methods to decrease or eliminate paper in your day-to-day payroll operations while ensuring that proper compliance requirements are met can be done in any department if you know how!
HR Webinar: Ho, Ho, Ho My Goodness: Compliance Review for Year-End 2019Ascentis
We, in HR, have some unique holiday traditions. Sometime between the turkey and cranberries, and the mistletoe and gift wrapping, our thoughts turn to compliance, and how our responsibilities may be changing at the first of the coming year. In this session, we will review the rather impressive list of HR, Benefits and Payroll-related changes coming our way in January 2020.
We hope to see you there! Stay tuned for more accredited session invitations.
Payroll Webinar: Streamlining Payroll Operations and EfficienciesAscentis
Payroll is often the largest expense for a business and can be even more costly because of non-compliance, inefficient processes, lack of controls, and outdated technology. A missed deadline or incorrect tax filing can result in hefty fines and even jail time. Manual entry of HR/payroll records is time-consuming and prone to human error. Not having controls in place, whether you are a public or a private company, can increase the risk of fraud. Outdated technology can be complex and tends to add more administrative burden to HR/payroll teams, causing unwanted stress and frustration.
In this session we talk about the many ways that companies can stay compliant, streamline payroll operations, and optimize efficiency. We’ll share best practices and current trends to help improve your overall payroll operations and keep things running smoothly.
HR Webinar: The American Rescue Plan Act of 2021: New Employer Opportunities ...Ascentis
On March 11, 2021, President Biden signed into law H.R. 1319, the “American Rescue Plan Act of 2021” (APRA). The latest in an extended series of COVID-19 economic relief bills, with a price tag of $1.9 trillion and weighing in at an impressive 628 pages, ARPA will bring cumulative US federal pandemic relief spending to approximately $5.7 trillion. While the new law’s consumer provisions – like direct stimulus payments to about 89% of US taxpayers, extended unemployment benefits, and increased child tax credits – have gotten almost all the press coverage related to this law, as with prior laws (FFCRA, CARES Act, CAA) there are many employer-impacting provisions that have so far “flown under the radar.”
At Ascentis, we’ve hauled out our trusty “HCM radar detector” to hone in on just those provisions which may impact and delight (or maybe not?) employers, and the HR community, around the country.
Payroll Webinar: A to Z of Garnishments Part 1Ascentis
In this three part series on the proper handling and processing of garnishments we will discussed the rules, regulations and requirements as they apply to withholding and paying child support, tax levies, creditor garnishments and others.
In Part 1 we focus on Child Support. Payroll departments must know both the federal laws and the state laws and must determine which one applies to the child support withholding order. In addition to these laws and regulations, the federal rules now require that a standard Income Withholding Order (IWO) be used for all child support withholding garnishments. This webinar will review this form and its requirements. And although the IWO can include all the information necessary to comply with the order, employers must familiarize themselves with both federal and state regulations to avoid penalties and liabilities. Withholding monies for child support is not the only requirement that applies to providing for a child, medical support orders are required to be process by payroll as well. And these orders have their own rules and regulations on both the federal and state level.
HR Webinar: Immigration Changes and the Impact to Employers: 2018-2019Ascentis
It's not a government secret: The current administration is interested to change many elements of immigration policy and has a demonstrated preference that every job in the US that can possibly be filled by an American citizen, is. Yet despite one of the most full-throated verbal battles on Capitol Hill in recent memory (complete with a record government shutdown of 35 days), the Reconciliation Bills that finally got signed had virtually no changes to employment law or employer immigrant-status policy. E-Verify mandates continue to be controlled at the state level, with no nationwide mandate. So far, the primary changes in work visa and immigration policy have been via Executive Action, and in this session, we'll review the substantial movement on that front.
Employers need to prepare for IR35 reforms which are being introduced in the private sector this April. Like the public sector, clients will have to determine whether the contractor falls inside or outside IR35. There is a right way and a wrong way to comply with IR35 rules. Just putting all contractors ‘inside IR35’ and hoping for the best isn’t good enough.
During this webinar, Jas Jhooty, Director at emTax, will explore the steps that need to be taken to obtain ‘outside IR35’ SDS rulings for as many contractors as possible. By making simple changes to contracts and working conditions, businesses can keep 'inside IR35’ contractors to a minimum and reduce costs from April 2021.
Plus, see how BrightPay caters for IR35, including automatic disabling of employee benefits that off-payroll workers are not entitled to.
COVID-19 NSW Business Grants - Legal QuestionsTom Willis
In Part 2 of our Covid Support Series with POP Business, Lawyer Damin Murdock covers all the important legal issues facing businesses throughout lockdown and beyond.
Form 16 (or salary certificate in layman’s language) is a certificate issued by an employer to all his employees for a particular financial year at the end of the said year reflecting the total salary paid and amount of tax deducted (‘TDS’). For every salaried employee, TDS form (Form 16) is of utmost importance from income-tax point of view as it forms the base of his / her income-tax return. For more details visit us at www.taxfreemart.in
Income Tax Calendar: Important Dates for F.Y. 2024-2025Taxbuddy
Explore the essential dates in the Income Tax Calendar for F.Y. 2024-2025. Stay updated with deadlines for filings, payments, and more for timely compliance.
Payroll tax rates, filing deadlines and responsibilities in 2019Merchant Advisors
Here is a detailed guide on the payroll taxes withholding, rates, reporting and responsibilities for employers and employees for 2019. For more information, visit at https://www.onlinecheck.com/blog/small-business-resources/payroll-taxes/
Simplified Payroll Tax Reporting with QuickBooks Form 941.pdfAdamHenry32
Manage payroll taxes effortlessly with QuickBooks Form 941. Discover how to complete, file, and understand Form 941. Get expert tips and guidance for accurate payroll tax reporting.
TDS related slides and how to file TDS returns and correction or modification on tds return. what is PAn what is TAN, issues faced during tds returing filling, corrections based on the notice received from income tax departments,
income tax payments, notices related to income tax and tds returns
On November 30, 2016, Alan Ellenby and Ron Krupa of Ernst & Young LLP's Workforce Advisory Services provided tips and insights on reporting and compliance under the Affordable Care Act for year-end 2016. This topic was one of many covered in in Ernst & Young LLP's Employment Tax Year in Review webcast.
Here we share with you the slides from their presentation.
ITR Filing Last Date 2023-24(24-25).pdfWEB ONLINE CA
Important information regarding the last date for filing income tax returns for the financial year 2022-23, which is the assessment year 2023-24. It also includes the latest updates on the deadline for ITR 7, Form 10B, and Form 10BB, which has been rescheduled from September 30, 2023, to October 31, 2023. The pdf explains the difference between the fiscal year and assessable year and provides details on the due dates for individuals, businesses requiring audit, and businesses requiring transfer pricing reports. Additionally, it outlines the penalties and interest charges for missing the ITR filing deadline and offers solutions for those who miss the deadline. This information is essential for taxpayers to ensure compliance with the tax laws and avoid any unnecessary charges or penalties.
-WEB ONLINE CA
Tax practitioners, as they rightly say, wear many hats; from document sorting to
being a government form translator, and from being a deadline timekeeper to
being a counselor for their clients, they have to do everything during the months
from January through April.
With Tax Season 2019 just around the corner, there is a list of few things that every
tax preparer must have at their disposal to make the most of it when required.
Partners Matt Peterson, CPA and Curtis Gabinet, CPA of True North Accounting break down the various programs announced by the Canadian government to offer relief to Small Businesses impacted by the COVID-19 crisis.
Topics of this webinar included: CEWS (Canada Emergency Wage Subsidy) and CECRA (Canada Emergency Commercial Rent Assistance).
ERTC Funding
ERTCpro.com
Employee retention is a crucial element in the success of any organization. The ability to retain skilled and experienced employees not only helps maintain productivity levels but also ensures continuity in the business operations. However, with the current economic climate, many organizations are struggling to keep their workforce intact due to financial constraints.
To address this issue, governments across the globe have introduced measures such as employee retention tax credits (ERTC) to incentivize employers to retain their employees amid the pandemic.
The ERTC is a tax credit that provides financial relief for eligible employers who continue to pay their employees during periods of economic hardship caused by COVID-19. This tax credit was introduced by the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020 and has since been expanded and extended under subsequent legislation.
As an expert in ERTC tax credits, it is the duty of us at ERTCpro.com to educate employers on how they can take advantage of this program to retain their workforce while reducing their tax liability. In this article, we will explore the eligibility criteria, benefits, and application process for ERTC and provide insights on how organizations can maximize its potential for employee retention.
Overview Of The Employee Retention Tax Credit (ERTC)
The Employee Retention Tax Credit (ERTC) is a tax incentive program that was introduced to help businesses retain their employees during the COVID-19 pandemic. The ERTC provides eligible employers with a refundable tax credit of up to $5,000 per employee. This credit can be used to offset the employer's share of Social Security taxes.
A benefits analysis should be performed by eligible employers to determine if they qualify for the ERTC. To qualify, an employer must have experienced a significant decline in gross receipts or been forced to suspend operations due to a government order related to COVID-19. Additionally, employers must have maintained their workforce during the period in which the credit is being claimed.
The ERTC can provide much-needed support in these uncertain times.
Questions? See ERTCpro.com
Similar to Payroll Webinar: Form 941 for 2020: What you Need to Know (20)
Payroll Webinar: Untangling Multi State Payroll Reporting ComplexitiesAscentis
Almost all states require employers to withhold tax from employee wages earned for work performed in that state, even for nonresidents. As a starting point, the default rule of state income tax withholding is to withhold income tax for the state in which services are performed (the work state). But what happens when the employee lives and works in different states. What happens when the individual works in multiple states? This course will explore the obligations to payroll reporting for state purposes including exception cases with state reciprocity and convenience of the employer states. The course will look to “untangle” the complexities around when and how to report to non-resident states and when to withhold and remit state and local taxes.
Payroll Webinar: Time & Attendance Payroll FraudAscentis
Have you ever had to clock in or out from work on a time clock? What type of time clock was it? Did you have to use a punch card? Did you have to use a fob or card key? Did you have to use your fingerprint or retina?
The evolution of the time clock and the various methods by which an employee is able to indicate the beginning and end of periods of time worked was based on the evolution of time and attendance fraud. In this hour, the different methods by which an employee might abuse a time and attendance system will be identified and discussed, as well as best practices for prevention.
Payroll Webinar: Wage and Hour Compliance in 2021Ascentis
This webinar concentrates on federal and state wage and hour requirements that must be followed in the payroll department. Areas of discussion include calculating overtime, travel time, minimum wage, posting requirements, meal and rest periods, how often an employee must be paid and by what method and paying terminated employees.
HR Webinar: Employee vs. Contractor: Changes That Will Impact All EmployersAscentis
Although the pandemic-related recession had a brief downward impact on gig workers overall, the trend is clear: being your own boss is a concept gaining popularity at an impressive rate. The overall number of Americans classifying themselves as freelancers rose from 53 million to 59 million from 2014 to 2020. And even the core classification of self-employed individuals (incorporated or not) has risen by 17 percent in just one year – from 8.221 million in April, 2020, to 9.651 million in April, 2021, according to the Bureau of Labor Statistics.
The rapid growth in the ranks of independent contractors has naturally spurred greater interest in the regulations surrounding worker classification – both in terms of the loss of benefits and protections for those leaving traditional employment, and the potential for abuse of the worker classification process by employers.
During the last year, the states have been brewing up their own changes in employment classification laws, led by California’s AB 5, which was passed, then repealed and replaced with AB 2257. At the federal level, with the transition to single-party control in the House, Senate (barely) and Presidency, the Protecting the Right to Organize (“PRO”) Act (H.R. 842) is making its way through Congress, and may even find a home inside the massive infrastructure bill now being debated on Capitol Hill. The PRO Act, as currently written, would include the most comprehensive amendment to the terms “employee,” “employer,” and “supervisor,” since the Fair Labor Standards Act of 1938 became law.
So how will all of these convergent changes settle out? And most importantly, how can employers plan for the expected changes on this contentious topic?
HR Webinar: 2021 Compliance & Employment Law UpdateAscentis
2020 was nuts with employment laws changing rapidly so quickly to handle the COVID-19 pandemic. 2021 has no plans to slow down with new laws out of Congress and state legislatures contemplating higher minimum wages, paid leaves, additional protections against discrimination and harassment, and shifting priorities at federal agencies. With hopes of coming out of the pandemic by year’s end, HR professionals in all industries are preparing for the next wave of regulations affecting every industry.
HR Webinar: Leading Hourly Workforce Transformation in a Post-Pandemic WorldAscentis
As we continue to negotiate the impacts of Covid-19 on our society, the workplace has changed for good. And for hourly workers, and those who manage them, the shifts have been even more dramatic.
In order to meet the needs of this workforce that has changed forever, leaders must strategically develop their employment practices to ensure they're able to successfully attract, recruit, and retain the quality and tech-savvy talent that they need.
In this program, we'll explore five key strategies that are key to creating a workplace where the post-pandemic hourly workforce can grow and thrive. The new normal may still be unknown – but the good news is that companies can count on their hourly workforce to deliver for them, once they start responding to their needs.
HR Webinar: The First 100 Days: Changes Employers Should be Aware ofAscentis
April 30, 2021 is the end of the first 100 days of the new Biden Administration. Not only did we have a change of party in the White House, but for the first time since 2011 we are also experiencing single party control of the House of Representatives, Senate and Presidency.
From vaccine logistics to small business relief, from minimum wage to gender pay equity, and from immigration reform to health care policy, political analysts expected big changes from the new Administration. In this session, we’ll review reality against expectations, and the HR technology implications for the change to come.
HR Webinar: Gender Pay Equity: The Journey ContinuesAscentis
This presentation will review the implications of March 24, 2021, otherwise known as “Equal Pay Day,” the specific date this year when the average man in the United States could start work and earn the same amount by December 31 as the average woman, in the same job, who had worked all year long.
In recent years, gender pay equity has experienced a continuous sense of “one step forward; two steps back”. EEO-1 Component 2 reporting, as a tool for identifying specific regions, industries and organizations where this type of discrimination is most pronounced has arrived, departed, and is now poised to arrive again at HR professionals’ desks. Discussions about what it’s going to take to eradicate sexual harassment and gender-based discrimination in the workplace (the #MeToo movement) inevitably lead us to questions like: Is it “good enough” for employers to simply acknowledge the gender discrimination inherent in acts of sexual harassment? Or is it time to step past the words, and into action, and to focus on the steps we need to take to truly rectify the pay equity gap?
Regardless of what your company’s views and current efforts are, it’s also important that every HR professional be aware that the state, city or other local jurisdiction in which you operate may have gender-equalizing laws in place.
Payroll Webinar: Payroll Tax Nexus 2021: Impacts on Organizations as a Result...Ascentis
This session will explore the U.S. payroll tax impact to employers and employees in response to the increase in telework as a result of the COVID pandemic. Specific areas covered will include employer “nexus” with respect to withholding and reporting requirements related to those employees working remotely, potential state and local employment tax authority audit activity, strategies to consider in go-forward policy development and organizational hurdles in compliance as we move forward through 2021 and beyond.
Payroll Webinar: Maximize Operational Efficiency with Your Workforce Manageme...Ascentis
Time and attendance has had quite the evolution over the years from the "clock in, clock out" mindset. It plays into a bigger workforce management strategy designed to help companies optimize workforce productivity on an individual and company-wide basis. In this webinar, we will talk about ways to improve your company's overall operational efficiency in leveraging data analytics that can be found through technology, like a time system. We will touch on methods of risk management and how your organization should be thinking about emerging compliance needs in relation to new work environments. Lastly, ideas around improving budget forecasting for ways to benefit the bottom line.
Join Ginnette Clark, VP of American Payroll Association, as she breaks down these workforce management strategies.
HR Webinar: The New Consolidated Appropriations Act of 2021: What HR Pros Mus...Ascentis
On December 27, 2020, the President signed H.R. 133, the "Consolidated Appropriations Act of 2021". This omnibus law includes the much anticipated and long-awaited COVID Relief Bill, with many of the new provisions taking effect immediately. Weighing in at a "mere" 5,593 pages, the new law renews or extends most of the tax relief programs available to employers under both the FFCRA and the CARES Act. The renewed Paycheck Protection Program, funded with $284.45 billion in new federal spending, is expected to see new lending the week of January 11, 2021, with a number of changes in response to prior program criticisms. Join us at this webinar to review the many provisions of CAA'21 which will impact Human Capital Management.
HR Webinar: 2021 Workplace and Compliance OutlookAscentis
In this webinar, we will explore the current hot issues surrounding the HR leader. We will touch on topics such as updated compliance responsibilities to be aware of, employee well-being, new employee demands, the hybrid workspace, and more. Tune in to hear Barbara Trumbly talk to what issues and new policies you should be aware of entering the new year.
HR Webinar: COVID-19 Vaccines and the Workplace: What Employers Should KnowAscentis
This year, the success of the USA in emerging from the COVID pandemic will largely depend on our effectiveness in administering a universal vaccination program to achieve the CDC's recommended 70-85% level needed to achieve herd immunity. While so far the federal and state governments have not assigned employers any significant responsibilities in supporting the vaccination program, many employers nevertheless want to help in some way, and need to know what options they have in doing so.
Payroll Webinar: Paying Overtime Under the FLSA: Part 2Ascentis
This is the second of a two-part webinar that will help you better understand the requirements and procedures involved in overtime calculation. Calculating overtime pay for nonexempt employees sounds so simple. But not so fast. The truth is that overtime rules and the mathematics required to arrive at the correct calculation can be extremely tricky. Our speaker will share her expertise and best practices for managing these calculations.
Penalties for overtime violations can be severe with the possibility of fines, imprisonment or both! Add civil suits to the mix and the results can be devastating to any business, no matter how large or small. Just to keep it interesting, most states use the same definition to calculate overtime as the FLSA does. So, even one, single error can earn you double the penalties.
Payroll Webinar: Customer Service in PayrollAscentis
By establishing a customer service policy with a payroll twist, the manager creates an environment within the payroll department that focuses on increasing productivity and efficiency of the department rather than on the customer needs. However, this in turn actually allows the department to offer better service to its customers in the long run. It sets up when the department is available and when it is not. What it needs and when it needs it to ensure that all of its customers are paid on time and in compliance with all labor and tax laws.
Payroll Webinar: Understanding the 2020 W4Ascentis
As we approach a historic election in November, most experts agree: as a nation, we are at unprecedented levels of political division in this country. Given the recent activism of the executive and judicial branches of the federal government (if not the legislative), and increased levels of state and local activity as well, we in HR mostly “hunker down” and wait for the next mandate to roll out, wondering what impacts it will have on our HCM technology platforms. From minimum wage changes to enhanced EEO reporting, from gender pay equity issues making top news headlines to the question of where the Affordable Care Act will be a year from now, HR professionals need as much information as they can garner to be ready for potential change.
In this session, we’ll explore what impact pending legislation (of both the “blue” and “red” variety), recent court cases, and a possible change in control of the Presidency and/or the Senate could have on our professional lives as HR compliance officers.
2. Organize. Humanize. Maximize.
2
Recruiting &
Onboarding
Talent
Management
HR &
Benefits
Payroll
Time &
Attendance
Ascentis
Ascentis provides:
• A-la-carte HR technology
• Industry-leading time & attendance
• Easy dashboards for actionable insights
• Unsurpassed support
30+ Years of experience growing with you as an
HR professional throughout unprecedented
change in the role of HR and expectations of
employees.
3. Ascentis
Payroll, HR, Time,
Talent, Recruiting
Ascentis: Extension of your team
3
Education
Software
Solutions You can focus on your
employee experience!
What you should expect from your HR
technology partner
Organize. Humanize. Maximize.
5. Organize. Humanize. Maximize.
5
How to earn credit
Stay on the webinar,
online for the
full 60 minutes
Be watching using
your unique URL
sent to you from
GoToWebcast
Program codes delivered
by email,
to registered email,
approximately 30 days
following today’s session
80. Organize. Humanize. Maximize.
80
How Ascentis Payroll Can Help
The 941 is the year end summary form that reports all employer's tax withholdings to
the IRS for the year. The trick is in the categorizing of payment types and
reconciliations of the transactions that occurred through the year.
Ascentis is here to help.
• Ascentis makes annual compliance updates to the
form
• Eliminate the hassle of preparing and filing 941.
Ascentis files on your behalf
• Reporting tools provide you reconciliation reports
for internal audits
81. Organize. Humanize. Maximize.
81
Learn More
If you are interested
in Ascentis Payroll, or our other HR technology like HR, Time, Talent,
Recruiting, please indicate your interest if you haven’t done so already with
the following poll.
82. Organize. Humanize. Maximize.
82
How to earn credit
Stay on the webinar,
online for the
full 60 minutes
Be watching using
your unique URL
sent to you from
GoToWebcast
Program codes delivered
by email,
to registered email,
approximately 30 days
following today’s session