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Form W-4 for 2015: Best Practices and Compliance Requirements (HRM652C)

Presented By : Vicki M. Lambert , CPP
(*) Single User Price. For multiple users please call 1-800-223-8720
Pre Recorded Webinar
100 minutes
  •  Thu, June 25, 2015
Event Description
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1.5 Credits
1.5 Credits
2.0 CPE

Learn to Identify and Correct Problems & Errors in Completing and Processing the Form W-4.

The Form W-4 is fundamentally important to the payroll department, as the information provided on the form is essential for payroll functions. Form W-4 is a required form by the IRS, and is used for calculating taxation on the employee's paycheck. Failure to handle the form correctly and completely can lead to serious problems with withholding from an employee's gross wages. Non-compliance can lead to serious ramifications beyond the regulations and affect payroll as well as customer service and employee morale. It may also lead to costly expenditures of time and budget resources to correct non-compliance consequences.

The payroll department deals with various concerns when processing the W-4 form. Payroll must ensure the form is valid and have procedures in place to correct the problem if the form is not valid. The department needs to be aware if an employee can request for a flat dollar amount on the form and whether the form can designate a percentage of wages for taxes. They must know how to handle these issues in order to process the form completely and correctly. It is important for them to process the federal form correctly and be cognizant of states that have their own equivalent form for state tax withholding.

In this session with expert speaker Vicki Lambert, CPP you will understand the function and requirements of the Form W-4 and its relationship to the payroll process. You will be able to identify and correct problems and errors in completing and processing the Form W-4, and will operate your payroll department more efficiently and effectively.

This session is an excellent resource for those new to the payroll profession and a great refresher program for the seasoned payroll professional.

Learning Objectives

  • Latest updates to the Form W-4  in 2015.
  • The date when the new and revised Form W-4 information will become effective.
  • Handling incomplete and improperly completed forms effectively.
  • When the IRS requires the Form W-4 and when it must be sent?
  • Strategies for streamlining processing procedures effectively and immediately.
  • How to withhold federal taxes without valid Form W-4?
  • Distinguishing an invalid form from a "questionable" one.
  • The records that need to be retained for Form W-4.
  • How to incorporate verification of employees in your Form W-4 process?
  • How to set up an electronic system for Form W-4?
  • Differences between Form W-4 and state equivalent forms.
  • Situations where an employee must submit a new form as opposed to when they must submit a revised form.
  • How to deal with visas and Form W-4?

Who should attend

  • Payroll professionals
  • Human Resources
  • Accounting Personnel
  • Business Owners
  • Lawmakers
  • Attorneys
  • Any individual or entity that must handle the processing of payrolls including the Form W-4
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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    Event Title: Form W-4 for 2015: Best Practices and Compliance Requirements
    Presenter(s): Vicki M. Lambert , CPP

 
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