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Preparing for Year-End 2014 and Year Beginning 2015 (HRMO42K)

Presented By : Vicki M. Lambert , CPP
(*) Single User Price. For multiple users please call 1-800-223-8720
Pre Recorded Audio Conference
90 minutes
  •  Tue, October 14, 2014
Event Description

Learn the Best Practices to Help Your Payroll Department Transition from a Year-End Crunch to a Smooth and Compliant Year-End

This audio conference concentrates on preparing the department for the end of the calendar tax year and the New Year processing.  Topics covered in the session include reconciling, completing and submitting Form W-2 federal and state; update to annual changes from the IRS, SSA, DOL and on the state level; and best practices that will help make the year-end and year beginning go smoother. However, preparing for year-end should not begin in October or November; it should ideally begin in January and should be conducted throughout the calendar year to prevent stress and hassle.

In this 90-minute session, Vicki will provide an overview on the latest best practices to help your payroll department transition from a year end crunch to a smooth and compliant year end. She will discuss:

  • How check lists can help keep you on track to ensure all tasks are completed
  • How a simple two page memo can prevent dozens of employee questions
  • How your duplicate form W-2 request form and procedures should be set up and in place in advance of issuing the forms
  • How it will assist you when processing those requests in the New Year
  • The examples of check lists that should be prepared for each year end to assist in a smooth transition.
  • And more!

This session will provide a sample form to request a duplicate Form W-2 that can be used by the attendee in their own department as well as information on setting up the procedures for requesting the form.  You will learn how to work throughout the year to collect information from accounts payable for year-end instead of trying to obtain all of the information in December. Vicki will demonstrate how this will help smooth out the year end processing and relieve year end stress for both departments. She will provide the basis for a year end memo to help payroll departments inform the company’s employees of what lies ahead for the New Year to help curtail questions during this hectic time for payroll.

Session Highlights:

  • Insights on reconciliation of Form W-2 to Form 941 and why it must be done
  • Update on year-beginning annual changes for social-security wage base, fringe benefit limitations, federal per diem allowance, standard mileage rate, qualified transportation fringe benefits, advanced earned income credit and more.
  • Learn how to use the required year-end notice to update your employees for the coming year
  • Best practices on organizing the payroll department for year-end including action item check lists for Form W-2, year end and year beginning to ensure a smooth process
  • Best practices for gathering, calculating and reconciling W-2 data
  • Taxation of fringe benefits for year-end including awards and prizes, moving expenses, personal use of company cars and gift certificates
  • Insights on electronic delivery of W-2s to employees
  • Find out when to use the Form W-2c and when to correct the W-2 itself
  • State regulatory changes affecting payroll including SUI wage bases, minimum wage increases and more
  • Review of EFW-2 record changes for tax year 2014
  • Review of filing deadlines

It is impossible to know when the IRS or other government agencies will release year end information; hence it is possible that not all the information will be included in the audio conference.  The slide presentation will state when information is pending. To ensure that all attendees receive complete information our expert will be providing updates to pass on to the attendees of the webinar beginning one day after the date of your audio conference.  This will continue until December 15th. At that time I will provide one final update for the year.

Ask a question at the Q&A session following the live event and get advice pertaining to the conference from our expert speaker.

Who should attend
Payroll and human resources professionals who must handle closing out the calendar year payroll and preparing Forms W-2.

About Our Speaker(s)

Vicki M. Lambert, Hr Training Programs ExpertVicki M. Lambert CPP
Vicki M. Lambert, CPP is President and Academic Director of The Payroll Advisor™ a firm specializing in the training of payroll professionals.  With over three decades of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert is a sought-after ... More info

 
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    Subject: You might be interested in this event from AudioSolutionz
    Event Title: Preparing for Year-End 2014 and Year Beginning 2015
    Presenter(s): Vicki M. Lambert , CPP

 
 
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