Year-End Legislative & Tax Changes In Payroll For 2023

The IRS provides updated tax rates and changes how taxable income is calculated each year. This year's changes will be 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 2023.

This webinar will assist the seasoned payroll professional with new legislation that need to be considered. This webinar will also assist the beginner with W-2 processing 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.

Review of new W-2 reporting deadlines and penalties and updates to how we process the W-2 form. Review of the new Form W-4.

Payroll tax compliance is a federal and state issue, so you have to be aware of not only the changes made on the federal level but also the legislative changes that affect payroll in each state you do business in.

For instance: Does your state comply with all federal regulations? Do they set their own rules? Where do they differ? Do you have access to a resource that reports changes to employment taxation to ensure that you are in compliance with any year-end legislation?

During this training session, we will address:

• The legislative changes to employment taxation for the current year at both the federal and state level
• The resources available to payroll professionals to ensure that they are kept abreast of any changes to payroll taxation as they occur
• Recent statistics on the status of the unemployment insurance funds by state
• The recent trends in state unemployment insurance, the solvency of the funds, and how FUTA will be affected in coming years

• W-2 Requirements
• W-2 box by Box review
• Updated legislation to consider for W-2 and 2024
• State by State discussion of special W-2 considerations
• Year End and W-2 Best Practices
• Taxation in 2023 and 2024
• New year legislation for 2024
• Details of how to close the 2023 year to ensure your W-2s are correct and that the 941 reconciliation happens correctly.
• Review box by box of the W-2 and details
• Most up-to-date legislation releases
• State-specific W-2 reporting and what you need to know

• Payroll Professionals
• Accounting Professionals
• Tax Professionals
• Finance Professionals
• Compensation Professionals
• Benefits Professionals
• Senior HR Professionals,
• HR Managers & Directors,
• HR Personnel,
• CEOs
• Managers, Team Leaders