Discover the New W4: Your Guide to Efficient Payroll Withholding
Unlock Payroll Efficiency & Streamline Your Payroll Process for 2024!
Instructor :
Mark Schwartz
Webinar ID:
14929
Date: DEC 23, 2024 (MON)
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 …
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- 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
- Wondering How the New W4 Affects Your Payroll?
- Struggling to Understand the Changes in the New W4?
- Want to Ensure Proper Tax Withholding with the New W4?
This new design has caused much confusion for employers and employees alike.
Although it is not the employer’s responsibility to complete the form for employees (there are default entries for incomplete or missing W4s), many payroll and HR departments are inundated with questions from workers.
Further, the payroll systems need to incorporate all the new information given to them by workers.
Employers must also ensure employees can access tables and other information to complete the W4.
Understanding the New W4 form is crucial for long-term planning. By attending the training, participants can proactively adapt their payroll processes and systems to ensure compliance not only now but also in the future as any further updates or revisions arise.
Join Now!
- Wondering How the New W4 Affects Your Payroll?
- Struggling to Understand the Changes in the New W4?
- Want to Ensure Proper Tax Withholding with the New W4?
This new design has caused much confusion for employers and employees alike.
Although it is not the employer’s responsibility to complete the form for employees (there are default entries for incomplete or missing W4s), many payroll and HR departments are inundated with questions from workers.
Further, the payroll systems need to incorporate all the new information given to them by workers.
Employers must also ensure employees can access tables and other information to complete the W4.
Understanding the New W4 form is crucial for long-term planning. By attending the training, participants can proactively adapt their payroll processes and systems to ensure compliance not only now but also in the future as any further updates or revisions arise.
Join Now!
Why you should attend
In the webinar, employers will learn the new W4 section by section.
You will understand all of the following and more:
- What sections employees are required to complete, and which are optional?
- How to anticipate questions for each of the sections. Where to direct employees to find the answers they need. When to refer them to professionals
- How to explain in plain language the nature and purpose of each section.
- How to explain the tables used and how each computation will affect employee withholding
- What are the “easy ways out” for employees who do not want to spend much time calculating withholdings?
- When it is wise for an employee to take an easy way out, and when it isn’t
- Options for intra-year adjustments to the W4
- Requirements for employer-created electronic W4 info entry.
Enroll Now!
In the webinar, employers will learn the new W4 section by section.
You will understand all of the following and more:
- What sections employees are required to complete, and which are optional?
- How to anticipate questions for each of the sections. Where to direct employees to find the answers they need. When to refer them to professionals
- How to explain in plain language the nature and purpose of each section.
- How to explain the tables used and how each computation will affect employee withholding
- What are the “easy ways out” for employees who do not want to spend much time calculating withholdings?
- When it is wise for an employee to take an easy way out, and when it isn’t
- Options for intra-year adjustments to the W4
- Requirements for employer-created electronic W4 info 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:
- PDF copy of the presentation handout for your future reference.
- Soft copy of the certificate of completion on request.
- 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:
- PDF copy of the presentation handout for your future reference.
- Soft copy of the certificate of completion on request.
- 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 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.
