Payroll Tax, Contract Labor, and Information Reporting Update (Currently Unavailable)

Author: Bradley Burnett

Legally Cut Taxes and Thwart Catastrophes
Payroll taxes account for a large portion of the revenue collected by the federal government. But there is little training as to the best practices for reporting and administering federal payroll taxes and related issues. Join experienced instructor and practitioner Bradley J. Burnett, J.D., LL.M., for this CPE course that will discuss what you can do to avoid payroll tax problems ensure proper compliance while also saving money on the costs related to this taxes as well as related issues like workers' comp insurance.

Publication Date: January 2019

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.

Topics Covered

• Social Security Wage Base
• FICA Wage Base
• Household Workers
• Underpayment of Individual Income Tax
• Substantiation of Business Expenses
• Business Entertainment and Meals Under TCJA
• TCJA — Employer Credit for Paid Family & Medical Leave
• Deduction for Employee Parking Bites Dust
• Tips — Employment Taxes and Reporting
• Trust Fund Recovery Penalty

Learning Objectives

• Identify 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
• Recognize how to assure proper compliance with all IRS payroll tax regulations
• Identify the social security wage base for 2019
• Describe what a household employer is required to do, with respect to a household worker
• Differentiate which form should be filed in order to claim COBRA premium assistance
• Identify which expenses would be ineligible to be claimed as an unreimbursed employee business expense
• Describe which percentage the 199A pass-through deduction lowers effective rate of income tax on qualifying business profits
• Recognize correct statements with respect to the Employer Credit for Paid Family & Medical Leave
• Identify the new maximum with respect to Form I-9 violations
• Recognize which type of individuals/professions are still eligible for the moving expense deduction for years 2018 through 2025
• Differentiate types of mileage rates remained unchanged in 2018 vs. 2017
• Identify correct statements with respect to payments under an accountable plan
• Recognize which types of taxes/reporting is disregarded
• Describe the Research Credit FICA Tax offset
• Identify the correct fringe benefit formula
• Recognize how provisions under TCJA applies to payroll tax contract labor
• Identify the form used with respect to employment eligibility verification and the minimum fine for violations
• Describe an accountable plan

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
None

Advance Preparation
None