Description 

Are you ready with the Year end legislative changes and the updates coming up in 2025?

As tax laws and payroll regulations continue to evolve, staying informed and prepared is crucial for payroll professionals. This comprehensive webinar will take you through the latest updates and best practices for handling W-2 forms, understanding new tax legislation, and ensuring accurate year-end processing.

The IRS provides updated tax rates and changes how taxable income is calculated each year. This year changes will more significant than in the past several due to Tax Reform and the continued changes that affect the new form W-4 and tax calculations in 2024-25. This webinar will also assist the beginner around W-2 processing. Help professionals with W-2 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.

Learning Objectives:

• W-2 Requirements: Understand the fundamental requirements for W-2 reporting, including deadlines and essential compliance elements
• W-2 Box-by-Box Review: Detailed examination of each W-2 box, including what should be reported and common errors to avoid
• Updated Legislation for W-2 and 2025: Explore the recent legislative changes impacting W-2 reporting and upcoming regulations for 2025
• State-by-State Special Considerations: Discuss state-specific W-2 reporting requirements and nuances that could affect your payroll processing
• Year-End and W-2 Best Practices: Review effective strategies for year-end processing, ensuring accuracy in W-2 forms, and avoiding common pitfalls
• Taxation in 2024 and 2025: Gain insights into how new tax legislation will impact taxation and payroll calculations for the coming years
• New Year Legislation for 2025: Prepare for anticipated changes in tax legislation and their implications for payroll practices in 2025
• Closing the 2024 Year: Learn how to properly close out the 2024 tax year, ensuring W-2 accuracy and correct 941 reconciliation
• Most Up-to-Date Legislation Releases: Stay informed on the latest updates and revisions in tax legislation that may affect your payroll operations
• State-Specific W-2 Reporting: Review critical state-specific reporting requirements and how they impact your W-2 processing
• Who Should Attend
• 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