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This payroll training will offer participants an understanding of the employee payroll tax and compliance implications of conducting business within a state. The webinar will also help in optimizing the payroll management system by determining which state(s) to withhold for when states that have reciprocal agreements or no state income tax are involved.
There are significant payroll compliance issues for employers when employees cross state lines in the course of employment. Frequently, multi-state employment issues arise when the employer has business locations in more than one state. However, issues also arise when individual employees perform services in more than one state, live in one state and work in another, move from one state to another, or telecommute across state lines.
Compliance issues directly related to the payroll process include identification of the states for which the business is liable for the collection and payment of income tax, and compliance with the rules for each state regarding tax collection, payment and reporting. In addition, special rules are used to establish the state that is to receive the unemployment tax for a particular employee.
A very significant non-payroll issue is whether the employment creates nexus, i.e. a business presence, within a particular state and whether the employer is subject to that state’s income, franchise, sales and use, or other state business taxes imposed by the state and the related apportionment issues.
WHY SHOULD YOU ATTEND
Creation of nexus in a new state or local tax jurisdiction creates tax and compliance issues for a business such as liability of business income, franchise, property, sale taxes, employment taxes, and apportionment, and reporting compliance issues. Employers can inadvertently create nexus when employees work within a taxing jurisdiction.
Failure to properly withhold or pay taxes to the appropriate jurisdiction can lead to fines and penalties as well as employer liability and possible personal liability of employer officers and managers for under withheld employee taxes. Correcting errors after the fact can be an expensive and time consuming process.
Employers must exercise due diligence in obtaining and documenting the information used to compute employee withholding in order to avoid penalties for withholding or reporting errors or missing information. This webinar on payroll compliance will provide you with information on required documentation and ways to avoid problems and penalties.
WHO WILL BENEFIT