This webinar closely examines the IRS Form W-4 for 2023 and what’s in store for payroll in the new year. This includes new wording changes, the requirements for completing the form properly, handling non-resident aliens, state equivalent forms, record retention, and processing the form electronically instead of on paper. We will also discuss best practices for processing more efficiently within the department.
Session Highlights:
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Review of the Form W-4 for 2023
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Review of the employer instructions and publication 15-T
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Examples of calculating income tax withholding
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Discussion of how to handle calculating income tax withholding using prior versions of the form
Why You Should Attend:
The importance of Form is fundamental to the payroll department. It is the foundation for the taxation of an employee's paycheck as well as a required IRS form. Failure to handle the form correctly and completely can open the door to serious problems not only in properly withholding from the employee’s gross wages but could extend beyond the regulations and affect payroll customer service or employee morale. It can also lead to costly expenditures of time and budget resources to correct non-compliance consequences.
Questions arise in processing the forms almost daily in a payroll department. Is it a valid form? If not, what should payroll do to correct the problem? Did the employee check the box on Line 2c? Did the employee complete Step 4? These are the types of questions that must be answered to process the form completely and correctly. And it is not just the federal form that payroll must process; many states have their own version of the form and now do not permit the use of the federal form for state tax withholding.
Who Should Attend:
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Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
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Human Resources Executives/Managers/Administrators
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Accounting Personnel
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Business Owners/Executive Officers/Operations and Departmental Managers
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Lawmakers
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Attorneys/Legal Professionals
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Any individual or entity that must deal with the complexities and requirements of Payroll-compliance issues
You may ask your Question directly to our expert during the Q&A session.
** You can buy On-Demand and view it at your convenience.
Vicki Lambert
Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations.
With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years 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 Program Developer, Subject Matter Expert (SME), and Facilitator for the Certificate in Payroll Practice and Management Program offered by Cengage Learning / Ed2Go through hundreds of colleges and universities across the country.