Payroll Essentials: Getting to Know Payroll Taxes
Date/Time
7/29/2024
11:00 AM - 1:00 PM Central
Course Registration
Member: $89.00
Non-Member: $109.00
Credits
2 Credits
Event Type(s)
Webinars
Event Description
Payroll is among the most common tasks an employer undertakes in the course of running their business. At its most basic level, payroll consists of an agreement between an employer and employee related to compensation for services. Once you look under the hood, there is so much more to payroll, including various kinds of compensation, payroll taxes and required reporting on government forms. This course will provide a general introduction to the inner workings of payroll and payroll taxes. We will introduce you to the various types of payroll statutory and withholding taxes, under what conditions and which employees these various types of taxes apply, how to calculate, withhold and deposit those taxes and the related due dates requirements that apply to payroll taxes. This course will include real-life examples of how to process payroll, the withholding and payroll tax deposit regime, familiar payroll forms, and tips and tricks for tying it all together. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Objectives:
After attending this presentation you will be able to...
Indicate the types of payroll taxes related to a typical payroll check
Distinguish between federal and state payroll taxes
Recall what makes up the components of a payroll tax deposit
Recall payroll tax deposit filing frequency rules, and requirements
Identify the various types of payroll tax returns employers need to file and the due dates of these forms
Examine the interplay between payroll tax deposits and payroll tax returns
Select correct payroll tax form for use in reporting employer payroll taxes
Identify IRS publications that are useful resources on payroll topics for employers

Instructor:
Elizabeth Bystrom, CPA

Fields of Study:
Taxes

Major Topics:

The major topics covered in this class include:

  • The various types of payroll taxes related to compensation
  • Payroll calculations related to the various of payroll taxes
  • Introduction to common payroll forms
  • Resources, recommendations, and guidance on compensation and payroll related topics
Location
Webinar
Outlook/vCalendar/Google
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