Webinar

Employment Taxes

Payroll taxes account for approximately 38% of all federal tax revenue, yet little, if any formal training is available as to how to intelligently and safely reduce employment tax liabilities and avert employment tax disasters. This course empowers the participant to accomplish both.

Objectives

*To capably empower the participant to competently reduce employment tax liabilities and avoid related disasters, including those associated with payments made to contract labor

Highlights

* Techniques to reduce payroll taxes, self-employment taxes and workers' comp insurance costs

* Complete exploration of IRS Forms W-2 and 1099 and employment related information reporting rules

* Differences between FICA, HI, FUTA and FIT by category of compensation

* Employment tax interaction with fringe benefits and retirement savings plans 

* Payroll tax savings via choice of business entity

* Brief overview of accountable expense reimbursement plans

* Common paymaster rules

* Contract labor risks and best practices

* How to keep out of deadly trouble

Additional Information

Designed For

CPAs and other interested persons who desire a meaningful update of payroll tax and fringe benefit new developments, opportunities and pitfalls and a look at the consequences of paying contract labor

Vendor

ACPEN

Advanced Preparation

None

Prerequisite

None

Field of Study

Taxes

Course Number

171210409

Level of Knowledge

Intermediate

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