Description
Employment taxes are often overlooked as an area where more planning may be effective. Payroll taxes have become an increasing burden for the average business and IRS penalties for noncompliance have risen dramatically in recent years. As a result, they have also been subject to employer incentives. The service has announced that uncovering noncompliance by employers ranks high on its audit list. This course presents an overview of employee versus independent contractor criteria, the federal payroll taxes form, Form 1099, and related compliance issues.
Required Knowledge: None
Advanced Preparation: None
Who Should Attend: CPAs in public accounting and industry with responsibility for payroll tax compliance
Objective
* Distinguish an employee from an independent contractor and understand the relief available to employers who misclassify employees * Understand the withholding requirements for FICA and federal income taxes for Forms W-2 and 1099, including back-up withholding * Examine employer requirements regarding Form W-4 * Understand the gig economy and the payroll tax responsibilities associated with it
Credit Types
- Taxes: 4
Event Speaker(s)
- Enrolled Agent
Registration Fees
| Registration | Type | Price |
|---|---|---|
| Surgent: Live Online (4 hours) | Members | $160.00 |
| Surgent: Live Online (4 hours) | Non Members | $320.00 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.