As we reach the midpoint of 2025, it’s the perfect time for payroll professionals to assess their compliance status and prepare for the remainder of the tax year. This timely mid-year webinar offers a comprehensive overview of recent updates and changes that impact payroll processing and tax compliance. We will examine current federal and state regulatory developments, ensuring your department remains aligned with the most recent guidelines and requirements.

This session will focus on the latest 2025 tax updates, including IRS adjustments to pension plan limits and transportation fringe benefits. We’ll also explore the most recent revisions to Forms W-2, W-4, and 941. At the state level, expect updates on new minimum wage rates, revised SUI wage bases, and other state-specific benefit changes. The webinar will also cover newly enacted or pending federal legislation affecting payroll, providing attendees with a strong compliance footing for the second half of the year..

Areas Covered:-

• Latest changes to electronic filing thresholds for the Form W-2 for 2025!
• New look and new copies for 2025 Form W-2?
• Update on tax year changes for social security wage base, fringe benefit limitations, federal per diem allowance, standard mileage rate, qualified transportation fringe benefits, and more.
• Review of the Form 941 for 2025.
• How to handle duplicate requests for Form W-2, including charging fees.
• Status review of Publication 1494 for 2025.
• Changes to Form W-4 for 2025.
• Best practices in the new year for gathering, calculating, taxing, and reconciling W-2 data all year long, as is now expected by the IRS.
• Taxation of fringe benefits in the new year, including awards and prizes, personal use of company cars, and gift certificates.
• When to use the Form W-2c and when to correct the W-2 itself.
• State regulatory changes affecting payroll, including SUI wage bases, minimum wage increases, and more.
• Verifying employee names and SSNs.
• Review of filing deadlines.
• Review of federal tax legislation.

Why Should You Attend?

• Gain insight into the latest IRS and state updates affecting payroll compliance.
• Learn best practices for handling year-end payroll processes efficiently.
• Understand the impacts of new legislation and regulations on payroll operations.
• Stay compliant with changes to forms and tax thresholds for 2025.

Who Should Attend?

• Payroll Executives/ Managers/ Administrators/ Professionals/ Practitioners/ Entry Level Personnel
• Human Resources Executives/ Managers/Administrators
• Accounting Personnel
• Business Owners/ Executive Officers/ Operations and Departmental Managers
• Lawmakers
• Attorneys/ Legal Professionals
• Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues for Year-End closing and preparing for the upcoming year.