Payroll Preparation for Year End 2017 and Year Beginning 2018
OVERVIEW
Being prepared for 2018 means closing out 2017 properly, ANDmaking necessary updates to your automated payroll systems prior to the 1st payperiod in 2018. Prior to preparing 4th qtr returns, year end information
returns, and accounting entries, you MUST reconcile the year’s activity. In
this webinar you will learn how to reconcile payroll, how to properly fill out
year end returns, and when to file them. We will go over all announced changes
to tax rates, wage limits, and legislative announcements. We will highlight
important State and Local changes, and inform you where to look for other
updates. If done properly, you won’t be asking to “stop the clock” in order to
make last minute changes.
WHY SHOULD YOU ATTEND
Pay period to pay period, payroll can be routine. Overreliance
on automated systems leads to a variety of errors that, if not caught in time,
can lead to penalties, interest and other negative consequences. While
accounting departments ‘stop the clock” in order to reconcile, adjust and
prepare financial statements; payroll does not have this luxury. Hence, being
prepared well in advance of year end can help ensure a smooth year to year
transition.
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Payroll Training |
AREAS COVERED
- Major updates for 2018 from the IRS and other agencies.
- Status of the affordable care act
- New FICA Wage limits
- Minimum wage updates
- State unemployment insurance rates
- Minimum salary requirements to be exempt from overtime
- Specific steps on how to efficiently reconcile pay
periods to qtrly returns, and qtrly returns to year end forms and
information returns.
- What to keep an eye out for in 2018 And Much, Much more
LEARNING OBJECTIVES
- 2018 Tax Rates and Wage Limit Changes
- Recap of important 2017 changes (the ACA, New Overtime
Rules, ETC}
- New legislation announce by the IRS
- Major State and Local legislative changes
- How to reconcile 2017 payroll returns and ledgers.
- How to properly process year end bonuses, fringe
benefits, travel pay, etc.
- Suggestions for preparing your payroll system for 2018
by the 1st pay period.
WHO WILL BENEFIT
- Payroll staff and managers
- Accounting staff
- Accounts payable managers
- HR staff and management
- IT support staff
For more detail please click on this below link:
Email: support@trainingdoyens.com
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
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