Latest Form W-4: Ensure Accurate Information & Withholding
Form W-4 used to be simple and straightforward for employees and Payroll alike. Not anymore.
The most current version of Form W-4 was released along with Publication 15-T, which contains updated withholding instructions.
Failure to handle Form W-4 correctly and completely can lead to serious consequences. It’s important to stay compliant and properly withhold taxes from employee’s gross wages - and withholding errors can also impact employee morale across the entire organization.
With all the other challenges 2020 has brought your way, you want W-4s and tax withholding to go as smoothly as possible.
Avoiding expensive mistakes starts with ensuring your team thoroughly understands the latest Form W-4 and the corresponding Publication 15-T - and that’s where we come in.
Join tax and payroll expert Vicki M. Lambert for a live training to learn everything you need to know about the updates to Form W-4, what it means for your organization, and how you can guarantee accurate tax withholdings and avoid costly errors.
Here’s what we’ll cover:
- What you need to know about the latest Form W-4 for 2020
- Employer instructions that you need to know from Publication 15-T
- Determining the correct income tax withholding rates
- Ensuring you're using the correct income tax withholding rates for employees who haven't filled out an updated form yet
- And more!
Staying compliant with changing laws about tax withholding is tricky – but with a thorough understanding of the updated Form W-4 and what it means for you, you’ll be able to navigate these changes with confidence and ease.
The most important updates to tax withholdings in 2020
- Latest changes to the Form W-4 in 2020
- Top takeaways from the Tax Cuts and Jobs Act
- Effective methods for handling incomplete or improperly completed forms
- When you must send Form W-4 to the IRS
Update your payroll process to better handle these changes
- Effective strategies for streamlining your processing procedures you can use right now
- How to withhold federal taxes in the absence of a valid Form W-4
- The record retention requirements for Form W-4
- How to make employee verification part of your Form W-4 process
- Tips on setting up an electronic system for Form W-4
Answers to your most important questions about tax withholding
- When are we required to have an employee complete a new W-4?
- What happens if the employee puts incorrect information on the W-4?
- What if we make a withholding error?
- When are employees required to submit a new W-4?
About the Speaker
Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company’s website www.thepayrolladvisor.com offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations.
With nearly 40 years of hands-on experience in all facets of payroll functions as well as over three decades as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today.A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the instructor for the American Payroll Association’s “PayTrain” online program also offered by Brandman University.