IRS is adding 800+ new agents during the year 2010 to address the $345 billion tax gap.  This means your company has a better chance of being picked out for an audit.  Do you really know what is taxable to your employee and what is nontaxable.  Find out in this one day course designed to give you the definitive answers.  If it is taxable – how do I tax it? 

• Learn the latest focus of the IRS “Tax Gap”
• Finally, find out what is reportable and what is not
• Understand how IRS penalties can add up quickly
• Insider secrets on having a “successful” audit
• Pre-tax and Cafeteria plan issues
• Define what constitutes a “bona’fide” cafeteria plan
• Health insurance, 401(k), 403(b) and 457 plans
• HSA’s and MSA plans
• How to properly do a social security verification
• W-2 processing for year-end
• Travel expense reimbursements, cell phone allowances, moving expense reimbursements, child care assistance, tuition reimbursement and other de minimus fringe benefits
• If it’s taxable, how do I tax it – percentage method, wage bracket method, cumulative method – which one to use and when to use it
• Recordkeeping requirements for IRS

 You will leave today’s seminar with a solid understanding of what taxing responsibilities your company has and what liabilities you can incur.

This is a 1 Day class.

 


Registration Fee: $299.00 $239.20


Level: Basic
Prerequisite: None. Recommend Payroll Primer Webinar, Payroll Tax Webinar.
CPE Credits: 7 CPE
.


Register and Pay Online:

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Post Seminar Support: As a seminar alumnus you receive 6 months tax question support following attendance. Get answers to your questions from our experts by emailing questions@ncomplianceservices.com.