CPE Course Surgent's The Complete Guide to Payroll Taxes and 1099 Issues

September 30, 2021

9:00 AM — 5:00 PM

Location Webinar

Member Price $259.00
Non-member Price $289.00

Curriculum Taxation

Field of Interest

Level Beginning

Designed For

CPAs in public accounting and industry with responsibility for payroll tax compliance

8.00 credits

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Objective

  • Distinguish an employee from an independent contractor and understand the relief available to employees who misclassify
  • Understand how to complete Forms W-2, 1099-MISC, 1099-R, and SS-8
  • Comply with the quarterly and annual reporting for employment tax deposits before and after the CARES Act
  • Understand the gig economy and the payroll tax responsibilities associated with it

Highlights

  • Payroll tax requirements for wages, including wages subject to the .9 percent tax, employee benefits and reimbursements, nonqualified deferred compensation, stock options, and tips
  • Fringe benefits issues, such as health insurance, life insurance, cafeteria plan benefits, accountable and non-accountable plans, standard mileage rates, and per diem rates
  • Special issues -- Using a common paymaster, how to file W-2s after a takeover, merger, or acquisition, and state and local tax withholding
  • Statutory employees, independent contractors, and possible changes to §530 relief
  • Penalties -- Who is a responsible person?
  • Expenses and gross-up calculations
  • The CARES Act and employer responsibilities for Form 941
  • Pension issues and payroll taxes including SIMPLE plans, and §401(k) and pension distributions
  • The Electronic Federal Tax Payment System (EFTPS)
  • Forms I-9, W-9, W-2, 1099, SS-8, and Form 940
  • Understanding payroll tax responsibilities in the gig economy

Instructors

Prerequisites

None

Developer

Surgent McCoy CPE, LLC

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