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 non-resident 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 non-resident
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?
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
non-resident 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!
Key Areas:-
By the end
of this webinar the attendee will have: 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
non-residents 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
·
How to determine state withholding liability
- Who is a resident
- How reciprocal agreements affect taxation
of wages
- Resident and non-resident 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
Who Should
Attend:-
·
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
·
PayrollExecutives/Managers/Administrators/Professionals/Practitioners/Entry
Level Personnel
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
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Recorded$ 99
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E-transcript$ 155
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Recorded + E-transcript$ 165
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Recorded with Copyright$ 185
