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: 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...

Overview: This webinar will be addressing how practice/business managers (or compliance offers) need to get the facts straight on how to navigate through these troubled waters and yet maintain compliance with HIPAA and ensure a patient's federal Civil Rights are upheld. Areas Covered in the Session : Federal HIPAA obligations and how a pandemic applies Working from home in a compliant manner New definition of what constitutes protected health...

Overview: Information/Cyber Security Planning is essential in this world of hackers improving every day. Is your organization prepared if your business is targeted and your Business Operations are impacted? Where is your organization on the Cyber Security Maturity Model? The Maturity Model provides a path forward and enables your organization to periodically assess where it is along that path. Areas Covered in the Session: Strengthen enterpris...

Overview: IRC 61 sets the standard for what income in the US Tax systems is taxed. All of it. That is all of it, unless expressly excluded under the Internal Revenue Code. This webinar will go in-depth into IRC 61 and the most commonly excluded income. We will discuss how to identify the income and how to properly classify the income on the tax return. Areas Covered in the Session : Difference between exclusions and deductions Life insurance G...

This training will focus on: The importance of I-9 compliance for small businesses Changes during the Coronavirus Pandemic Introduce the I-9 forms, importance of filling out the forms correctly, retention process and proactive I-9 audits Common mistakes and how to correct them Areas Covered in the Session: Form I-9 Completing Retention Period Helpful Links Common Mistakes Legal Issues Auditing Forms Communication Contact Info : Compliance Key...

Overview: This course will explain the changes to the Form 1099 for 2020, including the introduction of a new form (Form 1099-NEC), how to tell the difference between an employee and a contractor, how to use Form W-9 effectively, IRS penalties and ways out of penalties, and how to respond to IRS notices. Areas Covered in the Session: The basics, including: who issues 1099s, what transactions are reportable, and who gets a 1099 Form 1099-MISC a...