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Guideline Overview of Payroll Taxes and 1099 Concerns

Gain an understanding of to properly define an employee and an independent contractor within your payroll.

Payroll issues can be confusing for any one in business, from the president, company officers, owners and those in positions of overseeing the many aspects of payroll and 1099 reporting inside the day to day working and those who assist businesses with this tricky and complicated topic. How can all the aspects be kept straight and avoid the potential pitfall of missed deadlines and government penalties? This topic will take some of the mystery out of the confusion surrounding payroll filing and 1099 reporting as well as the items needed to keep things tracked, organized and timely. The material explains forms and items that are required submissions to the government, explanations and examples of employees vs. independent contractors, and how to determine when reporting for Independent Contractors is not only necessary but required.

Runtime: 108 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview

  • House/Web Keeping
  • Review of Materials
  • Employer Requirements
  • Employee Requirements
  • Recordkeeping

Employer Responsibilities

Reporting and Depositing Information

  • Define Wages
  • Payroll Taxes
  • Filing of Returns
  • Mistakes Can Happen and They Are Fixable
  • Due Dates

Employee or Independent Contractor

  • Why Is Classification Important?
  • Types of Workers
  • The Difference Between an Employee and Contractor
  • Discuss Payments to Contractors
  • What Is Backup Withholding?
  • What Forms Are Needed?
  • Due Dates

Independent Contractor Reporting - aka 1099s

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on May 7, 2020.

Call 1-866-352-9540 for further credit information.

  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • SHRM 1.75
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.75 PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Victoria Charvez, EA

Victoria Charvez, EA

Tax Goddess Inc.

  • Tax accountant and owner of Tax Goddess Inc.
  • Tax preparation and accounting for all areas of income tax, payroll tax, sales taxes and property taxes
  • Conducts regular seminars and workshops on numerous payroll taxes and 1099 reporting in cooperation with state payroll agencies
  • Past president of California Society of Enrolled Agents & Mission Society of Enrolled Agents
  • Can be contacted at [email protected] or 408-246-6136
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

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* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 406029
Published 2020
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