2024 Year-End Payroll Update

Overview

In this 2024 Year-End Payroll Update, we will provide a robust overview of the critical year-end payroll topics affecting employers and payroll professionals, such as reconciling your payroll returns to your W-2s, annual updates and law changes that impact payroll, as well as some tips and tricks you can implement immediately that will help you improve the quality of your year-end payroll process. The most consistent thing about payroll is that it changes EVERY YEAR. And those changes go into effect on January 1. So don’t delay. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics covered in this class include:

Year-end tasks an employer should consider with regards to payroll
Bonus runs & fringe benefit reporting
Compliance reporting & W-2 reconciliations
Updates to payroll wage rates & limits
Current issues affecting payroll
Best practices for not only year-end, but year-round compliance

Prerequisites

None

Designed For

This course is suitable for tax and finance professionals, managers, CPAs, Enrolled Agents, attorneys and advisors who work in both industry and public practice and who encounter payroll during their work. Anyone with responsibility for payroll tax compliance will benefit from this annual update.

Objectives

After attending this presentation, you will be able to...

Identify tasks employers should complete related to year-end payroll processing
Recognize common mistakes employers make and ways to mitigate opportunities for error
Recall wage rate and limits for 2024
Recognize current issues affecting payroll
Identify best practices for payroll year-end