Compliance Payroll Style: Compliance Update for 2 and 3 Quarter 2020: FFCRA, CARES Act, PPP information

Key Take Away:

In addition to useful information on 2020 limits, Federal reporting changes, and minimum wage changes, he webinar will also provide vital information on the new post-COVID laws designed to assist employees and the reporting requirements payroll will need to know.

Overview:

• Changes to reporting (e.g. Form 941) after the pandemic’s economic effects: FFCRA, CARES Act
• A single point of reference for 2020 limits for 401(k), 403(b), 457, SIMPLE IRA, as well as minimum wage and SUTA changes
• What are the main differences in the Form W-4 for 2020 – why has the form changed so radically?
• How has the TCJA affected payroll for 2020?
• How departments can manage overtime this year
• Are you affected by FUTA Credit Reduction for 2019 /2020 reporting?

Why Should You Attend:

• This is a one-time, all-in-one webinar with all the information you need for managing your process for 2020
• We offer up-to-date information on reporting changes pursuant to the new laws: FFCRA, CARES Act.
• You’ll receive information on 2020 statutory limits
• FLSA updates on new overtime rules
• Changes to reporting deadlines
• 2020 SUI Wage Bases
• Changes to minimum wages will be given
• Earned Income Tax Credit for states
• Big-picture insight on how these changes combine to help enhance your knowledge this year

Areas Covered in the Session:

• Reporting changes caused by new laws to assist Americans during the global pandemic (e.g. Form 941)_
• 2020 Limits per the Internal Revenue Service
• Updates on the new Overtime regulations
• Federal and State Unemployment Taxes and Wage bases
• State minimum wage changes
• News on the 2020 Form W-4 and employee withholding
• Earned Income Tax Credit State requirements
• State Withholding issues – forms and rates