Payroll Tax, Contract Labor, and Information Reporting Update (Half-Day Webinar) (Completed)

Date: Thursday, May 28, 2020
Instructor: Bradley Burnett
Begin Time:  8:00am Pacific Time
9:00am Mountain Time
10:00am Central Time
11:00am Eastern Time
CPE Credit:  4 hours for CPAs
4 hours Federal Tax Related for EAs and OTRPs
4 hours Federal Tax Law for CTEC

Legally Cutting Taxes and Thwarting Catastrophes

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. Join expert, Bradley Burnett, J.D., LL.M., as he walks you through to how to competently reduce employment tax liabilities and avoid related disasters.

Who Should Attend
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.

Topics Covered

  • 40 techniques to reduce payroll taxes, federal self employment taxes and workers' comp insurance costs
  • Complete exploration of IRS Forms W-2 and 1099 and employment related information reporting rules
  • Avoiding devastating information reporting penalties
  • Employment tax interaction with fringe benefits and retirement savings plans
  • Payroll tax savings via choice of business entity
  • Accountable expense reimbursement plans
  • Contract labor risks and best practices

Learning Objectives

  • Recognize how to reduce employment tax liabilities and avoid related disasters, including those associated with payments made to contract labor, and properly structure fringe benefits for employees

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
None

Advance Preparation
None

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