The U.S. Supreme Court has resolved the challenges over The Patient Protection and Affordable Care Act (PPACA) and the payroll provisions have survived. The Court held that the federal government could not require individuals to buy health insurance, but it could impose a tax on those who failed to do so. The shared responsibility payment is also OK as a tax.

Join noted payroll consultant Jerri LS Langer, with Cokala Tax Reporting Solutions, as she covers what is mandated under the PPACA and how it will affect you. In this webinar you will learn about:

• The meaning of the Supreme Court holding and how it affects payroll professionals 
• The reduced limits for health flexible spending accounts (dropping to $2500 in 2013) and the IRS new outline on how it should be handled 
• The 0.9% Medicare rate increase on high earners that starts in 2013 
• IRS has outlined how the additional Medicare tax will work and when you withhold on wages, including bonuses 
• Fringe benefits that are not paid in cash are subject to the Medicare withholding 
• Medicare tax will apply to imputed income from group-Term life insurance even if paid to a retiree, requiring special reporting 
• How to handle the Medicare tax when involving tips, sick pay and deferred compensation and the special rules for common paymasters and payroll agents 
• Reporting changes expected for 2013 on the Forms 941, W-2 and W-3
• Information reporting will be required to assist the IRS in identifying who may qualify for the premium assistance tax credit. The IRS will need to know who has affordable employer- sponsored coverage so insurers and employers need to be prepared to report. We will learn what is proposed
• Certain large employers may be subject to a shared responsibility payment if any full-time employee is certified to receive an applicable premium tax credit or cost-sharing reduction payment. There are some IRS proposals that explain how this will work
• There are health insurance rebates for employees that obtain insurance from their employers: when they will be taxable and W-2 reportable 
• Free choice vouchers may be required to be provided to low income employees in 2014 from their employers. We will cover when they may be needed 
• Health care benefits for employees' children under 27 is still allowed, and the W-2 reporting of the aggregate cost of health care for employees is still required
• And much more

Register quickly and easily online  to secure your space now. Or, please call 1-800-372-1033 option 6, then sub-menu option 1, and refer to date and title of conference. Lines are open Monday through Friday from 8:30 a.m. to 7:00 p.m. ET, excluding most federal holidays.

Don't miss this opportunity to hear a lively, dynamic presentation. Not only are Webinars an excellent way for you to stay current; with Bloomberg BNA you also get:

• Quality. Count on it. Nothing is canned.
• Objectivity. Bloomberg BNA provides you with the best and most objective information. Unlike other companies, we don't use our Webinars as a forum to sell outside solutions.
• Affordability. Bloomberg BNA Webinars are inexpensive compared to the cost of travel to attend a conference. Plus, you may use a speakerphone and invite as many of your colleagues as you want to listen in-all for the price of a single registration.
• Convenience. No airlines. No travel. No time out of the office.

In addition, you'll receive:

• Personal attention. Once you've registered, send your questions in advance to rbronson@bna.com and they'll be included in the program. You'll also have a chance to ask your questions during the Webinar.
• Follow-up materials. You need no materials upfront to follow along to our live conference. But Bloomberg BNA always issues a follow up e-mail with contact information for our speakers, as well as other materials related to the topic.
• 1.0 CPE or APA RCH credits by attending this Webinar. Find out how.

Bloomberg BNA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org

Prerequisite: No prerequisites required
Level: Basic

Delivery Method: Group-Internet

Advanced Preparation: None required
Recommended CPE Credit: 1.5

Recordings of the program do not qualify for CPE credits. For more information regarding administrative policies such as complaint and refund, please contact our offices at 800-372-1033.

Jerri LS Langer, with Cokala Tax Reporting Solutions

 
Jerri Langer is a nationally respected information reporting and withholding consultant who provides a wide range of tax advisory services to many Fortune 500 companies around the world.  She is a founding member of the Cokala Tax Group, an advisory services firm offering experienced, efficient and practical help in meeting obligations for tax withholding, payee documentation, tax information reporting, and related issues including income classification. She has twice been appointed a member of the IRS Commissioner's Information Reporting Program Advisory Committee (IRPAC), serving in 2009-2011 and  in 1999-2000.  Prior to Cokala, she served as a Director in Balance Consulting, an organization specializing in tax reporting and withholding compliance; and earlier as chief tax compliance officer of ProBusiness Services Inc.  Jerri learned much of her trade as a Director in Deloitte & Touche, where she gained a national reputation assisting clients in complying with domestic and international tax reporting and withholding requirements.  She received her JD and LLM in Taxation from the University of Florida - College of Law (1982) and is a member of the Florida and Michigan bars. Jerri authors the AAPA Guide to Accounts Payable published by Aspen in conjunction with the American Accounts Payable Association, an affiliate of the American Payroll Association, and she contributes to The Payroll Answer Book and The California Payroll Guide, also Aspen publications.  She is also the author of articles and commentaries which have appeared in a number of widely circulated publications; has been quoted in professional journals; and is a frequent lecturer around the country on these topics.