Form W-4 for 2023

Date: October 12, 2023
Time: 01:00 PM ET
Duration: 60 Minutes
Speaker: Dayna Reum
CEU Credits : 1.0 HRCI

$0.00

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Description

This webinar takes a closer look at the IRS Form W-4 for 2023 and what’s in store for payroll in the new year. A review of the IRS specific laws around processing of the Form W-4 and how they should be handled will be discussed.

The importance of Form W-4 is fundamental to the payroll department. It is the foundation for the taxation of an employee’s paycheck as well as a required IRS form.  Failure to handle the form correctly and completely can open the door to serious problems not only in properly withholding from the employee’s gross wages but could extend beyond the regulations and affect payroll customer service or employee morale. It can also lead to costly expenditures of time and budget resources to correct non-compliance consequences.

 

Session Highlights:

  • Understanding the proper way to process a federal W-4
  • What should be the proper process for an invalid W-4 in 2023?
  • Proper processing and maintenance of an IRS lock in letter
  • Electronic W-4 requirements and what the new form means for employers with electronic W-4 systems.
  • Understanding the requirements around Form W-4 and how an employer can be at risk.
  • IRS Form W-4 change requirements and how it affects you as an employer.
  • Employer notification requirements and important deadlines for both Form W-4
  • Discussion on what make the Form W-4 invalid.
  • Review and examples on the new ways to calculate federal taxation in 2023.
  • Best Practices on how employers can better communicate W-4 changes to employees.

 

Who should attend?

  • Payroll Professionals
  • Tax Professionals
  • Accountants
  • Controllers
  • Human Resource Professionals

Speaker

Dayna Reum

Dayna Reum ,CPP, FPC is currently the Director of Payroll Operations at Ann & Robert H. Lurie Children’s Hospital of Chicago . She has been heavily involved in the payroll field over 18+ years. Starting as a payroll clerk at a small Tucson company, She moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, international and Canadian payroll.

Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the national Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

Certification

This webinar has been approved for 1.0 HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®,SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®).

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