2016 Payroll Tax Update – New Forms, Healthcare, 401(k) Mandates, Benefits and More

Effective January 1, an estimated 10 million employees will pay more Social Security payroll taxes for the coming year due to an increase in the taxable minimum-up to $118,500 over the previous amount, $117,000. Employers should take steps now to notify affected employees and adjust their payroll systems to ensure compliance.

In addition, there are many other payroll tax issues that must be on your radar for 2016, including 401(k) limits and mandates, commuter & fringe benefits, healthcare mandates, new tax forms and proposed increases to FUTA.

The last thing you want is for senior management to be surprised by unexpected issues that arise on your watch simply because you weren’t up to speed on the latest payroll tax compliance updates for 2016 – and didn’t make adjustments accordingly.

In just 90 minutes, you’ll learn the latest payroll tax updates for 2016 and how to ensure that you’re in compliance.

Areas Covered in the Session :
Get the rundown on changes affecting payroll taxes for 2016. Our presenter, a seasoned tax consultant who regularly advises businesses on how to stay in line with current payroll tax obligations, will also provide a framework for ensuring compliance. Participate in this interactive webinar and youíll learn:
The list of “credit reduction states” and the additional FUTA due in these states
How to prepare for pending FUTA increases in the next few years, and tips for incorporating these into your budgets
The rundown on new forms, changes to existing forms, and how to tell which ones apply to your business
Tips on adjusting your reporting practices for new hires
When you could face legal liability for non-compliance concerning independent contractor reporting

Who Will Benefit:
Payroll Department
Accounting Department
HR Department
Small to Medium Sized Business Owners
Payroll Apprentices
Start up Entrepreneurs

Mark Schwartz

Mark Schwartz has over 15 years experience in State and Federal payroll tax audits, collections and payroll consulting. As an auditor, Mark prided himself on his ability to educate his auditees on State and Federal payroll tax requirements. Whatever issues he found in audits, he ensured the auditee knew how to comply in the future. He worked to minimize company disruptions in the audit process.

Mr. Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. Mark has represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting employees.

In recent years Mark has helped many clients with back payroll tax returns for all 50 states and the IRS. He has reviewed payroll journals, time records, tax forms and other payroll documents for accuracy and completeness.

Mark is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. Mark is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.

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  • Login Information with Password to join the session, 24 hours prior to the webinar
  • Presentation Handout in .pdf format
  • Presentation from the Speaker
  • Feedback form
  • Certificate of Attendance
  • Recording access Information with Password to view the webinar, will be sent 24 hours after the completion of the Live webinar.
  • Presentation Handout in .pdf format
  • Certificate of Attendance
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