Essential Strategies for Acing Year-End Payroll Compliance & Preparing for 2025
Simplify Your Year-End Payroll with Practical, Easy-to-Understand Solutions
Year-end payroll is a critical time, and mistakes can be costly. This year, the challenges are even greater, with new changes from SECURE 2.0 (the significant 401(k) reform law) impacting W-2 and 1099 reporting. Effective communication and coordination between Payroll and Benefits teams will be more important than ever to ensure compliance and avoid fines.
This year has more payroll challenges than ever
The IRS’s new e-filing threshold of just 10 information returns adds another layer of complexity. The aggregation rule requires you to total all returns across departments to determine if you meet the 10-form threshold—making collaboration across departments crucial to avoid penalties, which continue to rise.
And finally, don’t overlook the complexities of gathering data for remote employees working in multiple states. Failure to properly report these details on W-2 forms can lead to fines and increased scrutiny from the IRS.
Get the tools you need to navigate these changes
Join us on October 30 for an in-depth look at everything you need to know for a smooth year-end payroll process. From understanding SECURE 2.0 changes to managing remote workforce data, you’ll receive practical insights to help you navigate the challenges ahead. Plus, you’ll get access to our comprehensive Payroll Checklist, a step-by-step guide covering every pay period, month and calendar quarter.
Don’t miss this must-attend training
Penalties for mistakes on year-end forms have more than doubled. Simple, avoidable errors can lead to thousands in tax penalties and unwanted attention on you and your department.
Webinar Agenda
- What’s new for W-2 reporting. Understand the recent changes and how to adjust your processes.
- Need more time? The IRS now offers a new form to extend the deadline for distributing forms to employees and contractors.
- E-filing requirements. Understand the latest IRS rules for filing original and corrected returns.
- IRIS explained. Learn about the IRS’s 1099 e-filing solution, IRIS, and how it compares to W-2 Online.
- 1099 best practices. Follow these 8 steps to ensure 1099 compliance and avoid IRS penalties.
- Safe harbor for minor errors. Take 6 crucial steps to activate this protection for de minimis math mistakes.
- Mandatory health benefits reporting. Ensure compliance to avoid dual penalties from the IRS (one of which cannot be waived).
- Cross-department collaboration. Work seamlessly with other teams to meet the new e-filing rules and avoid compliance gaps.
- Data security. Learn 10 effective ways to safeguard employees’ personal information on year-end forms.
- Looking ahead to 2025. Prepare for upcoming IRS changes and stay ahead of the curve.
- Remote employee reporting. Discover a simple strategy to get timely responses from remote employees on their work locations.
In this 75-minute online training, you’ll learn:
- What’s new with year-end reporting for 2024. Complete compliance depends on knowing all the new reporting rules.
- How to avoid skyrocketing tax penalties. Penalties for mistakes on W-2s, 1099s and 1095s go only one way: up.
- How to prepare for 2025. Understand the important IRS changes coming in 2025—and how your payroll department needs to prepare.
Get answers to YOUR questions from presenter…
Alice Gilman, Esq., is an expert in payroll and tax compliance who has covered payroll issues for more than 35 years. She's written and edited several leading payroll publications, including Payroll Legal Alert, the Research Institute of America's Payroll Guide, the American Payroll Association's Basic Guide to Payroll and the Payroll Manager's Letter.
Registration bonuses included:
Everyone who signs up will receive a copy of Payroll Checklist, a 19-page step-by-step compliance guide detailing every deadline and action item required for every pay period, month, and calendar quarter of the year. Use the checklist as a guide to total payroll compliance for the rest of the year.
You'll also receive one month of exclusive access to Payroll Legal Alert – our comprehensive online resource with timely advice, helpful articles, forms, tables and charts that will help you improve every aspect of your payroll operation. So that you continue to benefit from Payroll Legal Alert, we will continue your subscription after that for the then current rate, unless you tell us "no, thanks" – your choice.
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