2024 Year-End Payroll Update

Overview

In this 2024 Year-End Payroll Update, we will provide a robust overview of the critical year-end payroll topics affecting employers and payroll professionals, such as reconciling your payroll returns to your W-2s, annual updates and law changes that impact payroll, as well as some tips and tricks you can implement immediately that will help you improve the quality of your year-end payroll process. The most consistent thing about payroll is that it changes EVERY YEAR. And those changes go into effect on January 1. So don’t delay. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics covered in this class include:

• Year-end tasks an employer should consider with regards to payroll
• Bonus runs & fringe benefit reporting
• Compliance reporting & W-2 reconciliations
• Updates to payroll wage rates & limits
• Current issues affecting payroll
• Best practices for not only year-end, but year-round compliance

Prerequisites

None

Designed For

This course is suitable for tax and finance professionals, managers, CPAs, Enrolled Agents, attorneys and advisors who work in both industry and public practice and who encounter payroll during their work. Anyone with responsibility for payroll tax compliance will benefit from this annual update.

Objectives

After attending this presentation, you will be able to...

• Identify tasks employers should complete related to year-end payroll processing
• Recognize common mistakes employers make and ways to mitigate opportunities for error
• Recall wage rate and limits for 2024
• Recognize current issues affecting payroll
• Identify best practices for payroll year-end

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by CPA Crossings. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.