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Payroll Tax Headaches - Webinar (ONLINE EVENT: May 17, 2024)

  • Webinar

  • 65 Minutes
  • 17 May 2024 13:00 EST
  • Lorman Business Center, Inc.
  • ID: 5950552

Gain the tools necessary to help your business remain in compliance and avoid payroll tax headaches.

Payroll Taxes are one thing that all businesses have in common. Dealing with Payroll Tax Headaches can be overwhelming and frustrating for any business. Failure to properly file and report payroll taxes can result in huge fines and penalties for a business and may result in legal action. This topic will give you guidance on precautions to take to keep from getting into a Payroll Tax Liability. It will provide tips on how to respond to notices and make claims for appeals to resolve tax liabilities. Details of IRC Section 6672, Trust Fund Recovery Penalty will be explained. The material covered in this webinar will give you the tools necessary to help your business remain in compliance and avoid Payroll Tax Headaches.

Learning Objectives

  • You will be able to describe what IRC Section 6672 is and how to keep in compliance to avoid it.
  • You will be able to identify ways to avoid a payroll tax liability.
  • You will be able to given guidance on how to respond to tax notices.
  • You will be able to review valuable resources to keep in compliance.

Agenda

How an Organization Gets Into a Payroll Tax Liability
  • Not Paying Taxes Timely or According to Federal or State Guidelines
  • Not Researching Regulations of Where Work Is Being Performed to Withhold Proper Taxes
  • Paying Taxes on the Wrong Frequency
  • Improperly Classifying Employees as Contractors
  • Not Withholding/Over Withholding on Foreign Employees
Precautions to Take
  • Research When Going Into a New Location
  • Audit Tax Withholdings
  • Check Liability Before the New Year for Frequency Issues
  • AP Audits Against Employee Records
  • I-9 Audits, Watch for Red Flags on Employee Documents
  • When You Realize a Mistake Was Made File an Amendment
Types of Consequences
  • Fines/Penalties
  • Levies
  • Trust Fund Recovery Actions
IRC Section 6672-Trust Fund Recovery Penalities
  • What Is IRC Section 6672
  • What Taxes Does It Apply to
  • Types of Appeals/Claims
  • Requests for Abatement/Refunds
  • What Parties Can Be Held Responsible
What to Do When You Receive a Notice
  • Respond to Notice as Soon as Possible
  • Write Detailed Letter of Explanation
  • Send Documentation to Back up Claim
  • Ask for Waiver of Penalties and Interest
Helpful Websites, Publications and Ways to Get Help
  • IRS.Gov, Publication 15
  • State Websites and Employer Guides
  • Local Government Websites
  • Google/Search Engines
  • Taxpayer Advocate Service

Speakers

  • Debbie Cash, CPP
  • Debbie Cash, CPP,
    Employer Advantage


    • Payroll tax/time and attendance specialist at Employer Advantage LLC since 2006
    • About Employer Advantage: FREEDOM TO SUCCEED - Trusted more than 25 years, Employer Advantage frees business leaders from employee administrative and compliance burdens so they can focus on their business’s success. More than a software solution, we identify a company’s individual needs and culture to create strategic and very personalized plans for service. Our dedicated teams not only provide business leaders comprehensive management and resources, but give their employees top-notch assistance and benefits. Our suite of services includes: Payroll, employment taxes, health and benefits, human resources, safety, workers’ compensation, OSHA, DOT, and more
    • 30+ years of experience processing payroll and payroll taxes for various different companies and professions
    • Builds databases and installs systems at locations across the U.S. working with Time America products since 2006 and Time Clock Plus since 2010
    • Began a partnership In June 2018 with Kronos and has been working with their time and labor management systems
    • Payroll specialist at Missouri Southern State University from 1993-2006; attended the International Tax Conference in Wisconsin in 2005 and specialized in International Tax for Student Visa’s; Joplin R-8 School District from 1990-1993
    • Chapter president of the Joplin Chapter of the American Payroll Association, 2006-2012, chaired the committee for their annual seminar since 2006
    • Numerous awards from the APA for her volunteer service on the APA’s hotline and also for her service as Chapter President
    • Published several articles in PayTech, a monthly magazine put out by the APA, currently the treasurer for the chapter
    • B.A. degree in general business, MSSU, 2006; Associates degree in accounting, MSSU, 1985; Certified Payroll Professional Certification in October 2006
    • Can be contacted at 417-782-3909 ext 148, Debbie@employeradvantage.com, or the firm's website

Who Should Attend

This live webinar is designed for payroll professionals, CFOs, human resource professionals, business managers, office managers, accountants, controllers, and bookkeepers.