Fundamentals and Best Practices for Handling Multistate Taxation

Topic ID: 000000255-web

Start Date: Nov 4, 2015

Start Time: 10 AM PST | 1 PM EST

Name of Event: Fundamentals and Best Practices for Handling Multistate Taxation

Details: All payroll professional must know the taxation and reporting requirements for all states where the company has employees working or in the case of reciprocal agreements, living. But for the payroll department that must handle employees who work in multiple states simultaneously or who travel to different states at different times for the employer the taxing and reporting requirements can become an arduous task at best and at worse a total fiasco. Questions must be answered, sometimes on an employee by employee or even tougher on a case by case basis for an individual employee. Which state income tax is withheld? Does it matter if the employee is a resident or a nonresident of the state? Are there any reciprocal agreements in effect that must be taken into consideration? Which state do we pay the SUI to and what happens if one of the states has disability insurance but the other doesn’t? Or worse yet what if both states require disability insurance to be deducted?

Areas Covered In The Session:
How to determine state withholding liability
Who is a resident
How reciprocal agreements affect taxation of wages
How state exemptions or credits affect withholding
Resident and nonresident taxation policies
The four factor test for state unemployment insurance
Income and unemployment taxation of Fringe benefits
Which states follow the Internal Revenue Code and which version
How to handle income and unemployment insurance taxation for employees working in multiple states
Supplemental withholding rates
Withholding requirements when an employee is in a state temporarily
Which states require the use of their own Withholding Allowance Certificate, which states allow either theirs or the Form W-4, and which states don’t have a form
Reporting wages for multistate employees on Form W-2

Speaker: Vicki M. Lambert, CPP is president and academic director of The Payroll Advisor™ a firm specialized in the training of payroll professionals. With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business toda.

For more details call Complystream at: (+1) 844 498 6361