Form W-2: Year End Processing & Preparations
DateJan 21, 2022
Time13:00 PM EST
The IRS provides updated tax rates and changes how taxable income is calculated each year. This webinar will assist the seasoned payroll professional on new legislation that need to be considered. This webinar will also assist the W-2 newcomer to understand all the boxes on the form W-2 and what should be reported. A brief overview of year end and W-2 best practices will also be discussed. Will review any 2020 changes and 2021.
· Review of new W-2 reporting deadlines
· Updates to how we process the W-2 form
· Review of the new SSN truncation rules from the IRS on the Form W-2
· Understanding when to check the status boxes for such things as retirement
What Will You Learn:
· Box by box review of the W-2
· W-2 and 941 Reconciliation Process
· Year End Best Practices
· State W-2 concerns
Who Should Attend:
· All Employers
· Business Owners
· Company Leadership
· Payroll Professionals
· HR Professionals
· Accounting Professionals
· Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues
Dayna is currently the Director of Payroll Operations at a major medical center in Chicago. Dayna has been heavily involved in the payroll field over 17 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 Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA.
She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.
1.0 HRCI Credit Hours (Applied)