Every year, the Internal Revenue Service (IRS) and the Social Security Administration (SSA) compare the totals on your Forms 941 with the totals from your Forms W-2, to verify that the wages you reported on Forms 941 match those you reported on Forms W-2 so that your employees' social security earnings records are complete, and to verify that you have paid the appropriate taxes. For many, if discrepancies exist they are usually the result of an acquisition, statutory merger, or consolidation or other business structural change that occurred during the year that caused you payrolls to be out of balance. In this session, we will learn how to avoid ever receiving these notices. Balancing wages is only one of the many challenges that payroll professionals face when companies change ownership, restructure or acquire other companies. If payroll matters are mismanaged, the mistakes can be very costly and difficult to correct.

Our program will survey the compliance points regarding handling Forms 941, W-2s, and even employee W-4 forms in the context of different forms of business change. In this session, we will learn who successor employers are and the choices that they may make to reduce the risks associated with these deals.

Choices vary as to the type of transaction your firm is entertaining: federal tax compliance for mergers is very different than other forms of transactions such as when stock is purchased, or when assets are acquired. We will cover when you are allowed to move an employee's Social Security wage to a new employer to avoid restarting FICA, and look at when you may elect to aggregate your W-2 filings and when you are required to aggregate W-2s. Filing successor and predecessor Forms 941 correctly for the type of transaction involved is the key to substantially lowering tax risk, and learning to file Schedule D when required may even stop federal notices from ever being sent to your firm. Sometimes new federal EINs are required and we will highlight the times when this is true. Federal unemployment taxes (FUTA) also requires special attention and the circumstances when an employer may carry over the FUTA wage base are similar to those for carrying over the Social Security wage base. Filing FUTA Form 940 after a merger or acquisition can be an art form.

Many states follow the federal rules in administrating state income tax (SIT) withholding. For state unemployment insurance (SUI) purposes, however, each state can set its own requirements restricted only by certain constraints under federal law. All these points and more will be highlighted in this session.

Learning Objectives: Join noted payroll consultant Jerri LS Langer, with Cokala Tax Reporting Solutions, as she covers the payroll tax basics in handling mergers, acquisitions and other business restructurings. Questions and topics that will be covered include:
•Who are successor employers and what are the elections allowed to them?
•What is the difference between compliance for statutory mergers and consolidations and other forms of acquisitions or business restructurings?
•What compliance responsibilities are left with predecessor firms?
•When should Sched. D of Form 941 be filed?
•What types of transactions require new employer identification numbers?
•When may FICA and FUTA wage bases be transferred to successor employers?
•How are Form 940 (FUTA) returns to be handled?
•Tips for handling state PIT and SUI matters before and after each transaction.
•How to build a support team in your firm to handle M&A events?
•A check list of matters to think about.

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 8:00 a.m. to 8:00 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 1.5 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.