Coordinating sick pay with your providers and staying in compliance with the mirage of tax reporting requirements can be difficult, if not downright agonizing. What are your reporting responsibilities? When is sick pay subject to Social Security and Medicare taxes? How do you calculate how much is taxable to the employee? What records should you keep? And, most importantly, who handles the withholdings and W-2 reporting? The IRS and the SSA are getting testy these days when your 941 totals do not add up to your W-2 reports and vice versa. Large federal assessments are being sent out and many relate to handling third party sick pay. Some states are also become very aggressive on sick payments and they require different treatment from the federal rules. This webinar will give you what you need to know when handling compliance responsibilities associated with your sick pay arrangements. 

Join noted payroll consultant Jerri LS Langer, with Cokala Tax Reporting Solutions, as she covers hot topics in handling sick pay. During this webinar you will learn:

• What is sick pay? What isn't sick pay?
• Every 3rd party contract is different. What do I need to know about my sick pay insurance contract to report correctly?
• What are the different types of 3rd party arrangements?
• When is the insurance company my agent?
• Why does it matter who is the agent?
• Income tax withholding on sick pay: which sick payments are exempt and which are subject?
• Social Security, Medicare and FUTA responsibilities differ from income tax responsibilities: which sick pay is exempt and which is subject?
• How do I complete Form 941?
• How do I complete Forms W-2 and W-3 and when do I use the W-2 recap form?
• What are my responsibilities for recordkeeping?
• On the state and local side, what are the ways states and municipalities are handling sick pay?  Jerri will cover some of the more recent changes to their requirements.

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 Langer, J.D., L.L.M., COKALA Tax Information Reporting Solutions, LLC

 
Jerri LS Langer, J.D., L.L.M., is a founding member of COKALA Tax Information Reporting solutions, and a nationally recognized information reporting and withholding consultant who provides a wide range of tax advisory services to many Fortune 500 companies around the world. She received her J.D. and L.L.M. in Taxation from the University of Florida College of Law (1982) and is a member of the Florida and Michigan bars. She is a past member of the IRS Commissioner's Information Reporting Program Advisory Committee (IRPAC) and served IRPAC as its Subcommittee Chair on Legislation and Regulatory Matters. Jerri was the founding Government Relations Chair for the National Association of Tax Reporting and Payroll Management (NATRPM) and currently serves on the NATRPM Board. In her previous role as Director in Balance Consulting, an organization specializing in tax reporting and withholding compliance, Jerri coordinated the firm's professional advisory services, as well as the administration of tax advisory services to financial industries. Prior to joining Balance Consulting, she served ProBusiness Services Inc., a Fortune 500 payroll service company, as its chief tax compliance officer where she orchestrated a new merger & acquisition service, as well as managed tax controversy and government relations areas. 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 matters, as well as other tax reporting and withholding requirements. Earlier, as a tax advisor on Wall Street, she gained significant operational experience in domestic and international brokerage, banking and insurance operations and product development, as well as in retirement plan and employee benefits processing. Jerri is the author of Aspen Publishers' Ohio Payroll Guide and contributes to Aspen Publisher's Payroll Answer Book, both widely circulated publications. She also authored the first BNA Tax Portfolio on U.S. Information Reporting and Backup Withholding, and is frequently quoted in many trade journals.