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Travel Pay Strategies for 2024

Jackraines171725 Apr, 2024Education

The Department of Labor and Internal Revenue Service have settled guidelines for travel pay and mileage reimbursements. Travel reimbursement mostly gets blind-sided midst the federal and state updates. Tax implication are affected when the reimbursement isn't done effectively. This session focuses on travel pay, best practices for handling the payments, how it affects overtime calculations, what is required on the state level, and the requirements for taxing travel expenses under IRS rules. Gain insightful knowledge on travel pay concerning recent updates and compliance standards.

IRS Audit 2024 : Worker Classification 101

Jackraines171724 Apr, 2024Education

IRS is a federal regulatory body that deals with the federal taxation policies and navigate through compliance standards for eligible citizens. It also navigates potential challenges and uncertainties surrounding workers classification. It helps you to unveil the secrets of employee classification and transform your business strategy. Three categories that you can consider for worker classification is IRS-3 factor test and IRS guidelines on worker classification and consequences of misclassification. Also, this course focuses on IRS audits, including Section 530 and Section 3509, as well as the Voluntary Classification Settlement Program (VCSP)

Form W-4 for 2024: All You Need to Know

Jackraines171716 Apr, 2024Education

Form W-4 - Employee's Withholding Certificate documents the correct federal income tax withholding amount of employees. Besides, information regarding an employee's financial status is recorded elaborately. This session is suitable for professionals to navigate through the new Form w-4 changes and offers guidance on how to fill out the form concerning recent wording changes, the requirements for completing the form correctly, handling non-resident aliens, state equivalent forms, record retention and processing the form electronically instead of on paper.

Employee Handbook: Critical Issues in 2024

Jackraines171711 Apr, 2024Education

A nominal employee handbook consists of norms related to employment basic regulations about decorum conduct, violations, policies, benefits and perks plans, and many more. Employee handbooks are crucial tools; they describe the organization from a visionary perspective. It also serves as a valuable communication tool to ensure your employees stay current with your Company’s policies and practices. A successful employee handbook can help mitigate legal exposure and reduce turnover. This session will offer an updated perspective on employee handbooks and how professionals can stay updated on prevailing compliance standards.

Form 1099-MISC and NEC Compliance Update 2024

Jackraines171709 Apr, 2024Education

Businesses and organizations will be urged to comply with taxation compliance and regulatory standards by promptly filing IRS Form 1099 2024. Concerned professionals are expected to fulfill Form 1099 filing deadlines in 2024. The non-compliant approach could lead to hefty penalties. To ensure compliance, practitioners must accurately identify which form to use when reporting specific transactions, including the required information, and file or furnish the forms on time. This session offers an elucidative perspective on the IRS Form 1099 series and how professionals can navigate them concerning compliance regulations and IRS Form 1099 2024.

Form 1099-MISC and 1099-NEC Compliance Update 2024

Jackraines171708 Apr, 2024Education

Form 1099 series accumulates numerous taxation forms oriented to record multiple yet crucial aspects of employee income. From a business and organization perspective, Form 1099-MISC compliance should be the major priority while ensuring regulatory compliance. Form 1099 MISC provides for recording miscellaneous income, such as medical and legal payments of full-time employees. On the other hand, organizations and businesses dealing with gig workers or freelancers are mandated to file Form 1099 Non Employment Compensation. These elaborate forms sometimes overlap; this session will offer a detailed outlook on functioning around these forms while staying compliant.

Navigating the Intricacies of Form I-9 and E-verify in 2024

Jackraines171702 Apr, 2024Education

When employees join a corporation, they file the Employment Eligibility Verification USCIS Form I-9 under the supervision of their employers. The purpose of this form, issued by the USCIS, is to collect data on eligible citizens working in various organizations in the federal territory. It provides legal authorization and identity verification to all employees who have worked in the United States. This session will provide a detailed overview of how to fill out the Form I-9, the key factors to consider, the importance of Form I-9 compliance, and what is expected from the Form I-9.

Navigating the Intricacies of Form I-9 and E-verify in 2024

Jackraines171701 Apr, 2024Education

The Department of Homeland Security had temporarily allowed remote verification of employee eligibility for employers otherwise working remotely during the COVID-19 pandemic; the relaxation of the rules ended on July 31, 2023. I-9 changes in 2023 have influenced the current USCIS Form I-9 status for employees and employers. The USCIS Form I-9 is a document that collects information about eligible citizens who are employed in federal organizations, whether they are located in prominent or remote areas. In this session, we will thoroughly explain how to complete the Form I-9. We will discuss the critical factors to consider, the significance of complying with the Form I-9 regulations, and what is required when filling out the Form I-9.

Payroll 101: Withholding, Depositing and Reporting Federal Taxes in 2024

Jackraines171729 Mar, 2024Education

Payroll 101 comprises managing employees in terms of withholding, depositing, paying, and reporting payroll taxes. Federal income tax is one of the renowned paradigms that has to stay up to date by organizations via payroll professionals or professionals handling payroll chores. Withholding of these taxes falls under the IRS, and they have strict measures for dealing with it. The process takes place as employers collect the amount due from the employee or by paying their respective portion and directly forwarding it to the IRS. Non-compliance with deadlines could lead to hefty penalties and civil or criminal cases against employers. This session will offer an elaborative outlook on handling payroll foundation and managing in terms of compliance.

New EEO-1 Reporting Requirements for 2024

Jackraines171727 Mar, 2024Education

According to the United States Equal Employment Opportunity Commission, the purpose of collecting the data is to support enforcement actions, facilitate research on employment patterns, and encourage self-assessment by employers. EEO-1 Reporting is a mandatory annual report that records the demographic workforce data of prevailing employees working in an organization. US EEOC formulates form EEO-1. The EEOC has announced that the long-delayed 2023 EEO-1 reporting period will finally open on April 30, 2024. The EEOC will post updated information concerning the 2023 EEO-1 data collection on the agency's website as it becomes available.