Audio Conferences

  November 8, 2005 at 02:00PM ET

It’s time again to prepare for your difficult year-end in payroll. And with the magnitude of this year’s tax changes, you can’t afford to jeopardize your payroll’s compliance.

For payroll professionals, year-end means reconciling, calculating, and producing year-end forms and reports mandated by federal and state agencies regarding taxes withholding and fringe benefits paid during the year. It is the busiest time of the year, given the reporting deadlines and the sheer volume of data that must be assembled for proper reporting.

Join IOMA editor & payroll expert Vicki M. Lambert to learn how to navigate the complex compliance issues of year-end payroll processing.

In this fast-paced session, you’ll get up-to-date information on the ever-changing legislation and regulations that affect the close of the year—and into 2006.

In just 90-minutes, you’ll find out:

• How to use the required year-end memo to update your employees for the coming year—and create your own “State of the Payroll” address
• Reconciliation of Form W-2, Wage and Tax Statement to Form 941, Employer’s Quarterly Federal Tax Return
• How to handle duplicate requests for Form W-2
• Best practices for gathering and calculating W-2 data –and how to make necessary adjustments after the W-2 has been calculated
• Update on year-end reporting changes, i.e., social security wage base, fringe benefit limitations, federal per diem allowance
• Update on revisions to forms for 2005 tax year
• State regulatory changes affecting payroll
• Completing and filing Form 1099 MISC, Statement for Recipients of Miscellaneous Income, and Form 1099R, Distributions From Pension, Annuities, Retirement or Profit Sharing Plans, IRAs, Insurance Contract, etc.
• Review of MMREF1 record changes for tax year 2005
• Review of filing deadlines

Featured Faculty

Vicki M. Lambert, CPP
President
Vicki M. Lambert, LLP

Ms. Lambert is a nationally recognized author and lecturer with more than 25 years of multi-state payroll experience. She has authored dozens of books on payroll and currently has two loose-leaf guides,The Complete Guide to Federal and State Payroll Compliance and The Complete Guide to Federal and State Wage and Hour Compliance, published by IOMA.