U.S. Year-end
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Get the latest adjustments for 2025, including:
- retirement plan contribution limits and State Unemployment Insurance (SUI) wage bases
- Updates on the U.S. Department of Labor's final rules, including the "white collar" exemptions and joint employer regulations
- Changes in potential Federal Unemployment Tax Act (FUTA) credit reduction states
What's new for this year's end?
- Updates on the U.S. Department of Labor’s final rules, including the “white collar” exemptions and joint employer regulations
- More guidance on SECURE 2.0 Act changes
- Recent Internal Revenue Service (IRS) changes employers need to know to file correctly
How to access your session:
One to three business days before the live event, you will be sent information on how to access your online seminar. If you do not receive the login information three days before the seminar, check your email SPAM folder. If it's not there, please contact membership@payroll.ca as soon as possible.
Year-End Preparation
- Year-end checklist, accumulators, and project plan
- Verifying social security numbers
- Social Security Administration’s changes to reporting
- IRS fights tax refund fraud
- Verification of employee data, reconciliations, and year-end notices
State Regulations Impacting Year-End
- State annual reconciliation return and magnetic media/electronic reporting
- State unemployment and disability wage bases
Annual Changes
- Social security wage base
- Medicare tax rate
- Retirement plan changes
- Fringe benefit limitations
- Federal per diem and mileage rates
- Federal tax levies – Publication 1494
- Automobile rates
- Qualified transportation fringe benefit limits
- Information return and payee statement
- penalties
- Affordable Care Act annual adjustments
- Income exclusion for U.S. citizens living abroad
- Health savings account limits and definitions
Year-End Reporting and Taxation of Fringe Benefits
- Taxable fringe benefits
- Supplemental wages and grossing-up
- Group-term life insurance
- Awards, prizes, and gift cards
- Qualified transportation fringe benefits
- Loans to employees
- Deferred compensation
- Cafeteria and flexible benefit plans
- Moving expenses
- Dependent care benefits
- Adoption assistance
- Overpayments and repayments
- Forms 1094-C and 1095-C, third-party sick pay,
- W-2 retirement plan check box, and health
- insurance reporting
Legislative and Regulatory Review
- Federal agency budgets and payroll impacts: what’s funded, what isn’t
- Update on retirement plan legislation
- (SECURE 2.0 Act)
- Other proposed legislation
- Recent federal agency guidance and
- proposed regulations
- Court decisions providing clarity on payroll issues
Agency Initiatives
- Updates from the IRS, Social Security Administration (SSA), Office of Child Support Services (OCSS), and more federal agencies
Form Review and Revisions
- Form 941, Schedules B, D, and R
- Form 941-X
- Forms W-2 and W-2c
- Forms W-3
Please note that after registering online for this event, you will receive an email confirming your registration. Confirmation emails are sent approximately within 2 business days after the registration has been processed.
One to three business days before the live event, you will be sent the link to access the online PD seminar on the scheduled day.
Also, detailed instructions on accessing the online PD seminar will be emailed to you on the morning of the event.
Cancellations or Transfers: requests must be received in writing at least four (4) business days prior to the online seminar date. Please note a cancellation fee or transfer fee in the amount of $50 plus applicable taxes will be applied. Cancellation or transfer requests received after the login information has been provided are not eligible for a transfer or refund.