Navigating the New W-4: Mastering Mid-Year Tax Adjustments

Ensure Accuracy in Every Paycheck: Master the Mid-Year W-4 Adjustments!

Instructor :
Mark Schwartz

Webinar ID:
16194

Date: MAY 24, 2024 (FRI)

Start Time: 10 AM PT - 11:30 AM PT

Duration: 90 Mins.

What you will learn

    • W-4 Updates (2021-2024): A Comprehensive Overview.
    • In-Depth Analysis of W-4 Sections: Review Of Each Section.
    • Simplifying Your W-4 Filing: Essentials and Exemptions.
    • Strategies for Section 2: Navigating Multi-Job and Consultation Scenarios.
    • Section 4 Insights: Tailored Tax Guidance for High Earners.
    • Advising Employees on W-4: Best Practices and …
    • W-4 Updates (2021-2024): A Comprehensive Overview.
    • In-Depth Analysis of W-4 Sections: Review Of Each Section.
    • Simplifying Your W-4 Filing: Essentials and Exemptions.
    • Strategies for Section 2: Navigating Multi-Job and Consultation Scenarios.
    • Section 4 Insights: Tailored Tax Guidance for High Earners.
    • Advising Employees on W-4: Best Practices and Pitfalls.
    • Navigating IRS E-Filing: Ensuring Compliance with Electronic Submissions.
    • W-4 FAQs: Expert Answers to Your Common Questions.
    • Building Confidence in Payroll Management: A Peace of Mind Approach.

Course Description

    • Is Your Team Ready for Mid-Year Tax Adjustments?
    • Could Your W-4 Practices Use a Tune-Up?
    • How Accurate Are Your Payroll Withholdings?
    • Ready to Master the Mid-Year W-4 Adjustments?
    • Avoid Payroll Errors: Are You Prepared?

In the dynamic landscape of payroll management, it is vital to stay updated with the latest tax withholding requirements.

The W-4 form, essential for payroll processing, has undergone significant changes, necessitating clear and updated guidance.

As we approach the mid-year point, it’s crucial for employees and employers across industries to reassess their withholdings to ensure they are set correctly for the rest of the fiscal year.

Errors in completing the W-4 form can lead to serious payroll mistakes and tax filing issues, impacting both employee satisfaction and organizational compliance.

This interactive course is crafted to tackle these challenges effectively.

    • This training will arm HR professionals and payroll managers with the necessary tools to correctly complete the W-4 form, highlighting the impact of recent legislative updates.
    • Attendees will learn how to efficiently review and adjust tax withholdings—a timely skill as we approach the mid-year tax adjustment period.
    • Featuring expert insights and hands-on applications, this session is essential for anyone involved in payroll and tax processing.

Gaining these skills will not only prevent common errors but also enhance the efficiency and compliance of your payroll systems.

Join Now!

    • Is Your Team Ready for Mid-Year Tax Adjustments?
    • Could Your W-4 Practices Use a Tune-Up?
    • How Accurate Are Your Payroll Withholdings?
    • Ready to Master the Mid-Year W-4 Adjustments?
    • Avoid Payroll Errors: Are You Prepared?

In the dynamic landscape of payroll management, it is vital to stay updated with the latest tax withholding requirements.

The W-4 form, essential for payroll processing, has undergone significant changes, necessitating clear and updated guidance.

As we approach the mid-year point, it’s crucial for employees and employers across industries to reassess their withholdings to ensure they are set correctly for the rest of the fiscal year.

Errors in completing the W-4 form can lead to serious payroll mistakes and tax filing issues, impacting both employee satisfaction and organizational compliance.

This interactive course is crafted to tackle these challenges effectively.

    • This training will arm HR professionals and payroll managers with the necessary tools to correctly complete the W-4 form, highlighting the impact of recent legislative updates.
    • Attendees will learn how to efficiently review and adjust tax withholdings—a timely skill as we approach the mid-year tax adjustment period.
    • Featuring expert insights and hands-on applications, this session is essential for anyone involved in payroll and tax processing.

Gaining these skills will not only prevent common errors but also enhance the efficiency and compliance of your payroll systems.

Join Now!

Why you should attend

Are you confident your team is up-to-date with the latest W-4 form requirements?

” As mid-year approaches, it’s crucial to ensure that all employees’ tax withholdings are accurately adjusted. Misunderstandings in this area can lead to significant payroll errors and compliance issues.

In the webinar, employers will learn the new W4 section by section.

You will understand all of the following and more:

    • What sections employees must complete, and which are optional?
    • Explain in plain language the nature and purpose of each section.
    • How to explain the tables used and how each computation affects employee withholding.
    • How to anticipate questions for each section and direct employees for answers. When to refer them to professionals.
    • What are the “easy ways out” for employees who prefer not to spend much time on calculations?
    • When it is wise for an employee to choose an easy way out, and when it isn’t.
    • Options for intra-year adjustments to the W-4.
    • Requirements for employer-created electronic W-4 information entry

Enroll Now!

Are you confident your team is up-to-date with the latest W-4 form requirements?

” As mid-year approaches, it’s crucial to ensure that all employees’ tax withholdings are accurately adjusted. Misunderstandings in this area can lead to significant payroll errors and compliance issues.

In the webinar, employers will learn the new W4 section by section.

You will understand all of the following and more:

    • What sections employees must complete, and which are optional?
    • Explain in plain language the nature and purpose of each section.
    • How to explain the tables used and how each computation affects employee withholding.
    • How to anticipate questions for each section and direct employees for answers. When to refer them to professionals.
    • What are the “easy ways out” for employees who prefer not to spend much time on calculations?
    • When it is wise for an employee to choose an easy way out, and when it isn’t.
    • Options for intra-year adjustments to the W-4.
    • Requirements for employer-created electronic W-4 information entry

Enroll Now!

Course Agenda

Recent changes and explanations

    • From 2021 thru 2024
    • Systematic and sectional changes

The W4 section by Section

    • Section 1: employee info
    • Section 2: Multiple Jobs or spouse works
    • Section 3: Employee Deductions
    • Section 4: Other income
    • Section 5: Employee and Employer Signature and Info

Specifics:

    • Easy ways out – complete sections 1 and 5 only. Or certify the exempt status.
    • Section 2 – How to determine if this is right for your employee. When to advise them to get a tax consultant
    • Section 4 – for high-income earners, especially those with significant untaxed or undertaxed income sources. When to advise employees to seek professional help
    • What to advise employees on, and what not to
    • How to ensure compliance with IRS regulations on electronic means of collecting this information
    • FAQ on the W4
    • How to sleep at night knowing you have done all you can for your valued workers

BONUS:

    1. PDF copy of the presentation handout for your future reference.
    2. Soft copy of the certificate of completion on request.
    3. Q&A Session with the Presenter: Get your pressing questions answered verbally, via chat or email.

Recent changes and explanations

    • From 2021 thru 2024
    • Systematic and sectional changes

The W4 section by Section

    • Section 1: employee info
    • Section 2: Multiple Jobs or spouse works
    • Section 3: Employee Deductions
    • Section 4: Other income
    • Section 5: Employee and Employer Signature and Info

Specifics:

    • Easy ways out – complete sections 1 and 5 only. Or certify the exempt status.
    • Section 2 – How to determine if this is right for your employee. When to advise them to get a tax consultant
    • Section 4 – for high-income earners, especially those with significant untaxed or undertaxed income sources. When to advise employees to seek professional help
    • What to advise employees on, and what not to
    • How to ensure compliance with IRS regulations on electronic means of collecting this information
    • FAQ on the W4
    • How to sleep at night knowing you have done all you can for your valued workers

BONUS:

    1. PDF copy of the presentation handout for your future reference.
    2. Soft copy of the certificate of completion on request.
    3. Q&A Session with the Presenter: Get your pressing questions answered verbally, via chat or email.

Who is this course for

Maximize The Learning Experience in A Group Setting!

    • Payroll Managers/Supervisors
    • Human Resources Managers/Professionals
    • Tax Compliance Specialists
    • Accounting Managers/Professionals
    • Benefits Administrators
    • Finance Managers/Professionals
    • Small Business Owners
    • HRIS (Human Resources Information System) Managers/Professionals
    • Compensation and Benefits Managers/Professionals
    • Payroll Administrators/Coordinators
    • Executive Staff
    • Auditors and Reviewers

Maximize The Learning Experience in A Group Setting!

    • Payroll Managers/Supervisors
    • Human Resources Managers/Professionals
    • Tax Compliance Specialists
    • Accounting Managers/Professionals
    • Benefits Administrators
    • Finance Managers/Professionals
    • Small Business Owners
    • HRIS (Human Resources Information System) Managers/Professionals
    • Compensation and Benefits Managers/Professionals
    • Payroll Administrators/Coordinators
    • Executive Staff
    • Auditors and Reviewers

Instructor Profile

Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of...

Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of 20 ongoing audits, from small home-based businesses to large multi-national corporations. He is expert at defining regulatory and statutory requirements from local, State and Federal government agencies; and helping the average businessperson understand what that means to their business. He has processed weekly and bi-weekly payroll checks plus tax forms for businesses with hourly as well as exempt workers, multistate operations and a wide variety of benefits.

Mr.Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. Mark has represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting your employees.

Mark prides himself on his outstanding customer service skills. He listens attentively to his clientele, helping them bridge the gap between the small business world and Government bureaucracy. He eagerly assists with clients needs and feels that educating clients toward faster, accurate and more complete payroll processes provide the most value.

Mark is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. Mark is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.

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