Payroll End of Year: Guidance for Closing Out 2009 and Opening 2010

Description

Year end is fast approaching, so once again it is time for the payroll department to close out and update information for 2009 to prepare for 2010. In this busiest time of year for payroll professionals, you need help in navigating the complex compliance issues that affect year end and year beginning. 2009 was a busy year for changes in payroll related issues and the changes for 2010 can vary greatly from state to state.

In this 90 minute audio conference, renowned payroll expert Vicki M. Lambert, CPP will tell you what you need to know as you ring in the New Year.

Program Highlights:
 

• Why you cannot use “magnetic media” in 2009 to submit to SSA but may have to use to submit to the state.
• 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.
• 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.
• How to handle duplicate requests for Form W-2 including charging fees.
• Best practices for gathering, calculating and reconciling W-2 data.
• Taxation of fringe benefits at year end including awards and prizes, moving expenses, personal use of company cars and gift certificates.
• Electronic delivery of W-2s to employees.
• 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 2009.
• Review of filing deadlines.

Recording Date

Speakers

Vicki M. Lambert, CPP, Certified Payroll Manager is President and Academic Director of Vicki M. Lambert, LLC a firm specializing in payroll education and training. She is a Certified Payroll Professional with over 29 years of multi-state payroll experience. She has lectured extensively throughout the United States on payroll administration and compliance issues for clients that include ADP, CCH Incorporated, Ceridian Employer Services, Fox Studios, County of Riverside, Sun Microsystems and others. She has authored, co-authored or edited numerous payroll publications and newsletters.

Presentation Materials

Listen and watch the presentation online or download the files below.