Congress Xstream Focuses on Federal Payroll Compliance
On May 18-21, APA and the Global Payroll Management Institute (GPMI) will hold Congress Xstream: An Online Conference & Expo. This online event offers world class payroll education for professionals in payroll, tax, finance, global mobility, human resources, and benefits. Attendees can attend many workshops covering federal payroll topics.
Wednesday, May 9: Forum on Federal Payroll Issues
This two-part workshop will feature federal government agency representatives answering important regulatory questions that affect payroll. Agencies represented include: the IRS, Social Security Administration, Office of Child Support Enforcement, U.S. Citizenship and Immigration Services, and U.S. Department of Labor.
Tuesday, May 18: Fringe Benefits
Taxable and Nontaxable Fringe Benefits, Part 1 will explore employer-provided fringe benefits that can be excluded from income under IRC §132, plus the change in the treatment of moving expenses and the rules governing awards and prizes.
Taxable and Nontaxable Fringe Benefits, Part 2 will include a regulatory and procedural overview of several popular but confusing fringe benefits, along with the most recent changes to educational assistance, group-term life insurance, dependent care, and loans to employees.
Wednesday, May 19: Payroll Developments
Payroll Developments: What to Expect in 2021 and Beyond. This year brings a new administration and Congressional session, which may lead to new compliance requirements. Learn about the latest COVID-19 relief measures, new legislative and regulatory initiatives, and how you can be prepared for what lies ahead.
Friday, May 21: Forms 941, 941-X
Forms 941 and 941-X: Reporting Requirements discusses significant changes to these forms with the enactment of the Families First Coronavirus Response Act (FFCRA), the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the presidential memorandum, and the Consolidated Appropriations Act, 2021. Learn how the tax credits and social security tax deferrals impact the completion of Form 941 and how to make corrections using Form 941-X.
To learn more about federal and state laws, regulations, and information to keep your company's payroll operations in compliance, check out Payroll Source Plus!
Jyme Mariani, Esq., is Managing Editor of Payroll Currently and Payroll Information Resources for the APA.