Navigating the New W-4: A Guide for HR Professionals

Date: Dec 27,2024

Time: 1PM -2 PM ET

Duration: 60 Mins

Description

The recent changes to Form W-4 have significantly impacted payroll withholding calculations. To ensure accurate tax withholdings and avoid potential compliance issues, HR professionals must understand the new form and guide employees through the completion process.

Key Topics:

• Understanding the New W-4:
• • Key changes and simplifications to the form
  • The elimination of allowances and the introduction of withholding certificates
  • The impact of the new form on payroll processing
• Assisting Employees with Form Completion:
• • Providing clear and concise guidance to employees
  • Helping employees determine their correct withholding amount
  • Addressing common questions and concerns
• Updating Payroll Systems and Processes:
• • Modifying payroll systems to accommodate the new W-4
  • Implementing new procedures for processing withholding calculations
  • Testing and validating payroll systems to ensure accuracy
• Potential Compliance Risks and Mitigation Strategies:
• • Identifying potential pitfalls and errors in W-4 completion
  • Implementing strategies to minimize compliance risks
  • Staying up-to-date with IRS guidance and regulations

Why You Should Attend:

• Ensure Accurate Tax Withholding: Avoid under-withholding and over-withholding penalties.
• Minimize Compliance Risks: Stay informed about the latest tax laws and regulations.
• Improve Employee Satisfaction: Provide clear guidance and support to employees.
• Streamline Payroll Processes: Implement efficient procedures for processing the new W-4.

Target Audience:

• HR professionals
• Payroll specialists
• Benefits administrators
• Small business owners
• Accountants

By attending this webinar, you will gain a comprehensive understanding of the new W-4 and be equipped to help your organization and employees navigate this complex change.

Event Venue

Online