Live Webinar

65-minute live streaming program
  • February 2
  • 1:00 - 2:05 pm EST

Also available as:

OnDemand Course

Payroll Tax Update

February 2

Gain a better understanding of the most pressing payroll tax issues you may face.

Each year, the Internal Revenue Service (IRS) updates many tax threshold amounts and reporting requirements critical to payroll, accounting, and human resource professionals. Limits change, reporting requirements are updated, and new reporting forms are often introduced. This presentation will provide the information you need to be compliant with IRS tax limits, forms, and regulations. Verifying your system thresholds are set up correctly and benefit plans are updated is key to a more compliant 2023 tax year. You will be provided with the tools to confidently move into 2023, leaving 2022 in the rear-view mirror.

Learning Objectives

  • You will be able to define the 2023 threshold changes for Social Security, health plans, and deferred compensation.
  • You will be able to discuss the impact of FUTA credit reductions for the applicable states.
  • You will be able to explain the reporting requirements for 1099-MISC, 1099-NEC, and 1099-K.
  • You will be able to identify taxable vs. non-taxable fringe benefits.

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Why Lorman?

Over 36 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

Forms W-2 and W-4 Updates
  • Form W-2 Review
  • Form W-2 Electronic Filing Requirements
  • Form W-4 Review
Forms 1099
  • Form 1099-K Reporting
  • Form 1099-Misc and 1099-NEC - What Gets Reported Where
2023 Deduction Threshold Updates
  • Section 125 2023 Update Limits
  • Deferred Compensation 2023 Update Limits
  • Taxable vs. Non-Taxable Fringe Benefits
Federal Unemployment (FUTA) and FICA Updates
  • 2023 Social Security Thresholds
  • FUTA Credit Reduction Update
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Why Lorman?

Over 36 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

Live Webinar Registration

  • AIPB 1.0
     
  • This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPP/FPC
     
  • Lorman Education Services is an approved provider through the American Payroll Association. This seminar is approved for 1.0 RCHs. PLEASE NOTE: To receive credit through the American Payroll Association for this program you MUST attend the program in its entirety and use the streaming option, as well as enable (and complete) the required progress checks.
     
  • HR Certification Institute 1.0
     
  • This program has been approved for 1.0 (General) recertification credit hours toward aPHR(TM), aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM) and SPHRi(TM)recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.0
     
  • 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 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
     
  • CPE 1.2 including Personnel/HR 1.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Personnel/HR for 1.2 hours. Prerequisite: basic knowledge of processing payroll. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

OnDemand Course

This course was last revised on July 14, 2020.

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

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

Who should attend?

This live webinar is designed for payroll professionals, human resource and benefits professionals, accountants, CFOs, controllers, business owners and managers, and bookkeepers.

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Why Lorman?

Over 36 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

Tricia Richardson, CPP, SPHR, SHRM-SCP

Tricia Richardson, CPP, SPHR, SHRM-SCP

Purposed Payroll Professional

  • More than 25 years of experience in all aspects of workforce management (payroll processing, taxation, employee handbooks, human resources, benefits, etc.)
  • Certified Payroll Professional (CPP) through the American Payroll Association (APA), Senior Professional in Human Resources (SPHR) through the HR Certification Institute, and a Society for Human Resource Management Senior Certified Professional (SHRM-SCP)
  • Member of the National Speakers Bureau for the National American Payroll Association (APA) and a contributing writer for Paytech Magazine
  • Serves as the treasure of a York County Pennsylvania Non-Profit Association
  • Involved locally through the Susquehanna Valley Chapter of the American Payroll Association, having served in various roles on the board of directors and as a contributor to the certification study groups
  • B.S. degree in management studies, University of Maryland University College
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Why Lorman?

Over 36 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.

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  • State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 410299
Published 2020, 2023
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