Overview: Creating a culture of compliance is an important risk management strategy. Recent corporate collapses have reflected the need for good corporate governance and an effective compliance program is an integral part of this structure. This introduction to Compliance Management provides a blueprint for compliance professionals to follow to ensure that the risk profile in his/her organization is limited by a thorough understanding of the i...

Overview: The goal of this webinar is to provide you with tools to develop and W-9/1099 procedures manual so that your employees can exercise due diligence and not miss any company compliance issues. The IRS places the responsibility of collecting name and Taxpayer Identification Number upon the payer NOT the payee. Areas Covered in the Session : Starter Question: How can we best set up an independent contractor in our vendor payment system to...

Overview: The recently passed 2020 CARES Act includes an important section that significantly reforms the regulatory framework for OTC drugs and makes important changes to how FDA regulates drugs marketed under an OTC Monograph. It is likely to yield greater OTC access to drug ingredients with strong safety profiles. Areas Covered in the Session: How the OTC Drug Monograph Safety, Innovation & Reform Act replaces the FDA notice and comment...

Overview: With data protection and privacy becoming serious issues for the public due to enhanced technology and monitoring tools, the need now more than ever is to have effective regulations in place. Now that GDPR is effective and California will soon be, will this be a standard for other countries and states to follow? Please join as I share my thoughts on the subject. Areas Covered in the Session: During this session, we will discuss GDPR...

Overview: This webinar will cover the 2020 changes to Form 1099-MISC and the new Form 1099-NEC that is required to report non-employee compensation paid during 2020. It will cover specific reporting requirements for various types of payments and payees, filing requirements, withholding requirements and reporting guidelines. Areas Covered in the Session: Information Returns: 2020 update to Form 1099-MISC; Resurrection of Form 1099-NEC Informati...

Overview: The current technology driven turbulent business environment present many challenges to business managers. One primary challenge is the ability to predict and plan for the future which is unexpectedly unpredictable. Changes are constant. Companies struggle to find ways to manage resources and find ways to thrive and survive in this turbulent business environment. Areas Covered in the Session: Using key business drivers and cast to in...

Overview: As payroll professionals we get in the trap of keeping up with running payrolls, validating for accuracy and worried about always staying compliant. This can lead to missing the bigger picture of the payroll operation itself and what practices a company can put into place to make the payroll process more streamlined. But when COVID-19 hit payroll was looking to disaster recovery plans or thinking how to keep payroll going without sta...

Overview: For years the IRS has struggled with the independent contractor and tax collection. In assessing opportunities to close the tax gap (taxes due but not reported or paid), one of the greatest opportunities comes from expanding the information reporting on taxpayers by payors - the 1099. Areas Covered in the Session: Starter Question: How can we best set up an independent contractor in our vendor payment system to ensure compliance with...

Overview: The OCR announced it would lift penalties around telehealth use during the COVID-19 pandemic, its officials released clarifications around HIPAA compliance. The OCR notification of enforcement discretion applies to all HIPAA-covered healthcare providers that use telehealth services during this emergency. Areas Covered in the Session : HIPAA Technical Safeguards §164.312 for telehealth; and Business Associates Agreements in a COV...

Overview: Businesses reported contract labor pay in box 7 of Form 1099-MISC. That has changed for 2020 with the new Form 1099-NEC being introduced. This webinar will cover what transactions are reportable on the 1099-MISC and 1099-NEC; filing issues, penalties, and how to get out of penalties; how to tell the difference between a contractor and an employee; compliance tips including proper usage of Form W-9; a line-by-line discussion of the W...