Details
Complying with the tax code, tax withholding requirements and
deposit schedules for the IRS and one state is complicated enough. But for the
multistate employer, multiply this by 5, 10, or 20 or even 50 and it can turn
into a payroll department's nightmare. Add a lingering pandemic to this mix
and you can have the makings of a horror movie! Not only are there more
rules and regulations to comply with, but the penalties can multiply if
mistakes are made.
All payroll professionals must know the taxation and reporting
requirements for all states where the company has employees working or in the
case of reciprocal agreements, living.
But for the payroll department that must handle employees who work in
multiple states simultaneously or who travel to different states at different
times for the employer the taxing and reporting requirements can become an
arduous task at best and at worse a total fiasco. Employees working from home can add even more
to the complexity! Questions must be answered, sometimes on an employee by
employee or even tougher on a case-by-case basis for an individual employee.
Which state income tax is withheld? Does
it matter if the employee is a resident or a nonresident of the state? Are
there any reciprocal agreements in effect that must be taken into
consideration? Which state do we pay the
SUI to and what happens if one of the states has disability insurance but the
other doesn’t? Or worse yet what if both states require disability insurance to
be deducted?
Some employers may even think they have solved this logistics
and regulations nightmare by simply withholding the income for and paying the
SUI over to the state where the employee lives.
And this might appear to be good in theory but in actual practice it is
an audit disaster waiting to happen and happen it will. Only if the employee is performing some work
in the state in which they live would the employer have a hope of passing the
audit for paying the SUI. But when it
comes to state income tax audits it won’t even come close. Most states require state income tax
withholding for wages paid for work performed in the state. The only ground given in this area is usually
for reciprocal agreements and nonresident employees who may be in the state for
a limited time. No, the only way to determine the proper taxation for multiple
state employees is by researching and apply the requirements for each state.
And this is where this webinar will help. This webinar will cover the
intricacies and requirements that must be addressed by the multistate employer.
Also, an employer with employees working in multiple states does not just have taxes to deal with. Now there are also wage and hour laws to contend with! In a different (read: higher) minimum wage? Are the overtime rules different? Would that employee still be exempt?
Areas
covered in this webinar:
·
How to determine state withholding liability
·
Who is a resident
·
How reciprocal agreements affect taxation of wages
·
Resident and nonresident taxation policies
·
The four-factor test for state unemployment
insurance
·
Income and unemployment taxation of Fringe
benefits
·
What wage and hour laws must be followed
·
How to handle income and unemployment insurance
taxation for employees working in multiple states
·
How working in multiple states could affect withholding
for garnishments
·
Withholding requirements when an employee is in a
state temporarily
·
Which states require the use of their own
Withholding Allowance Certificate, which states allow either theirs or the Form
W-4, and which states do not have a form
·
Reporting wages for multistate employees on Form
W-2
· How COVID-19 affects teleworkers who are in a different state
Learning objectives:
By the end of this webinar the
attendee will have:
·
Gained knowledge of the
requirements under wage and hour laws when an employee works in two or more
states
·
Learned how to handle garnishment
withholding for a multistate employee
·
Understand how to
determine state withholding liability and how it is affected by the residency
of the employee
·
Gained knowledge in
reciprocal agreements and the difference between taxing residents on their
worldwide income and nonresidents on the income earned within the state
·
A better knowledge of
the three calculation methods permitted to determine taxable wages for state
income tax including the volume of business ratio method and the time basis
method
·
A clear understanding of
the basics of the four-factor test used to determine the payment of state
unemployment insurance
Why You Should Attend:
This webinar discusses the handling of state taxes, wage and
hour law, and garnishments when an employee lives in one state and works in another
or works in two or more states simultaneously.
Includes determining liability as an employer, reciprocal agreements,
resident and nonresident taxation, Form W-4 equivalents, state unemployment
insurance, wage and hour law requirements and garnishment withholding including
the effects of COVID-19 on these areas!
Who will Benefit:
- Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry
Level Personnel
- Human Resources
Executives/Managers/Administrators
- Accounting Personnel
- Business Owners/Executive
Officers/Operations and Departmental Managers
- Lawmakers
- Attorneys/Legal Professionals
- Any individual or entity that must deal
with the complexities and requirements of paying employees in multiple
states
Credits
-
JIT Trainings is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities.
Vicki M. Lambert
F.A.Q
What is a Live webinar/Training Course?
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Recorded$ 165
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E-transcript$ 165
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Recorded + E-transcript$ 175
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Recorded with Copyright$ 185
