This course concentrates on preparing the department for the new tax calendar year. Topics include IRS new limits on pension plans, updates to forms W-2, W-4, and 941, discussion of new or pending federal legislation, and state updates including new rates for benefits, changes to minimum wage, and SUI wage bases.
Ringing the new year for payroll professionals can be a hectic time. Finishing out the old year while ensuring the new year is off to a good start compliance-wise can be a delicate balancing act fraught with missteps if you don’t have all the information you need. In this course, we will provide the latest tax news for 2025 to help your payroll department transition from tax year 2024 to tax year 2025.
We will cover all the latest tax news available, including any new legislation affecting payroll in 2025. Focusing first on the IRS, we will discuss updates to inflation-based items such as the new pension plan limits and transportation fringe benefits. We will review the 2025 IRS forms, including forms W-2, W-4, and 941.
Moving on to the states, we will cover updates to minimum wages, unemployment insurance wage bases, and sick leave updates. We will also cover any late-breaking legislation/regulation changes coming out of Washington.
Session Highlights
- Latest changes to electronic filing thresholds for the Form W-2 for 2025!
- New look and new copies for 2025 Form W-2?
- Update on tax year changes for social security wage base, fringe benefit limitations, federal per diem allowance, standard mileage rate, qualified transportation fringe benefits, and more.
- Review of the Form 941 for 2025.
- How to handle duplicate requests for Form W-2, including charging fees.
- Status review of Publication 1494 for 2025.
- Changes to Form W-4 for 2025.
- Best practices in the new year for gathering, calculating, taxing, and reconciling W-2 data all year long, as is now expected by the IRS.
- Taxation of fringe benefits in the new year, including awards and prizes, personal use of company cars, and gift certificates.
- 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.
- Verifying employee names and SSNs.
- Review of filing deadlines.
- Review of federal tax legislation.
Your Benefits for Attending:
- Gain insight into the latest IRS and state updates affecting payroll compliance.
- Learn best practices for handling year-end payroll processes efficiently.
- Understand the impacts of new legislation and regulations on payroll operations.
- Stay compliant with changes to forms and tax thresholds for 2025.
Credits and Other information:
- Session Duration: 90 Minutes
- Case Studies and Live Q&A session with speaker
- PowerPoint presentation for reference
- Session learning level: Introductory
- Delivery method: Group Internet Based
- HRCI Credits: 1.5
- SHRM Credits: 1.5
Who Will Benefit:
- Payroll Executives/ Managers/ Administrators/ Professionals/ Practitioners/ Entry Level Personnel
- Human Resources Executives/ Managers/Administrators
- Accounting Personnel
- Business Owners/ Executive Officers/ Operations and Departmental Managers
- Lawmakers
- Attorneys/ Legal Professionals
- Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues for Year-End closing and preparing for the upcoming year.
Coder Archives is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Speaker Profile:
Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company’s website www.thepayrolladvisor.com offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations.
With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today.
A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the instructor for the American Payroll Association’s “PayTrain” online program also offered by Brandman University.
We are approved to provide CPE/CE credits to Tax Professionals
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