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Everything Payroll Needs to Know About Tax Reform

Event Information
Product Format
Prerecorded Event
Presenter(s)
Dayna J. Reum, CPP, FPC
Length
60 minutes
Product Description

Get Insights on Implementing Tax Reform Changes in Your Payroll Processes

 

On Dec 22, 2017, president Trump signed into law the H.R.1, also known as the Tax Cuts and Jobs Act. The new tax reform is one of the most impactful tax changes to U.S. employers in decades, and has changed how U.S. withholding taxes are calculated.

In this session, expert speaker Dayna Reum will discuss everything you need to know about the tax reform that affects payroll. You will understand what is changing and how to implement the changes at your organizations. You will learn how to handle employee questions about withholding changes or no change and how to update your payroll system and when. Dayna will discuss changes to federal tax withholding, and will discuss basic federal withholding, supplemental taxation, back-up withholding, non-resident aliens and the Form W-4.

You will also learn about federal tax levies, fringe benefits such as transportation, moving expenses, employee achievement awards, legal settlements and wage advances and repayments. Dayna will also discuss equity compensation such as stock and RSU. She will also provide insights on how to audit your vendors to make sure they get the payroll right in your system.

Session Highlights

  • Understand why the tax reform bill is changing
  • Learn how these changes impact other payroll related processes that you may not have thought about
  • Get a review of the IRS official guidance released in late January
  • Understand how employers can comply and handle changes that are to be implemented in such a short period of time
  • Learn best practices on how to communicate to employees how these changes impact them
  • Learn to properly handle questions to make sure the employer is not held liable for bad information
  • Understand changes to taxation on certain fringe benefits and get clarification on taxation of other fringe benefits
  • Get a review of potential form changes
  • Understand how the federal tax changes affect state taxation

Who Should Attend

  • All payroll professionals
  • HR professionals
  • Accounting and tax professionals
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Phone

1-844-384-4744

Fax

1-919-510-6257

About Our Speaker

Dayna J. Reum | Payroll Tax Speaker

Dayna is currently the Payroll Tax Manager at PetSmart Inc. Dayna has been heavily involved in the payroll field over 15 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for...   More Info
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