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Human Resource & Payroll

Fundamentals and Best Practices for Handling Taxation of Multistate Employees…Even During a Pandemic!

Outline

Complying with the tax code, tax withholding requirements and deposit schedules for the IRS and one state is complicated enough. But for the multistate employer, multiply this by 5, 10, or 20, or even 50 and it can turn into a payroll department's nightmare. Add a pandemic to this mix and you can have the makings of a horror movie! Not only are there more rules and regulations to comply with, but the penalties can multiply if mistakes are made.


This webinar discusses the handling of state taxes, wage and hour law, and garnishments when an employee lives in one state and works in another or works in two or more states simultaneously.  Includes determining liability as an employer, reciprocal agreements, resident and nonresident taxation, Form W-4 equivalents, state unemployment insurance, wage and hour law requirements, and garnishment withholding including the effects of COVID-19 on these areas!


 

Why Is It Important to Attend?

By the end of this webinar the attendee will have: 
-Gained knowledge of the requirements under wage and hour laws when an employee works in two or more states
-Learned how to handle garnishment withholding for a multistate employee
-Understand how to determine state withholding liability and how it is affected by the residency of the employee
-Gained knowledge in reciprocal agreements and the difference between taxing residents on their worldwide income and non-residents on the income earned within the state
-A better knowledge of the three calculation methods permitted to determine taxable wages for state income tax including the volume of business ratio method and the time basis method
-A clear understanding of the basics of the four-factor test used to determine the payment of state unemployment insurance


 

What You Will Learn

-How to determine state withholding liability
-Who is a resident
-How reciprocal agreements affect the taxation of wages
-Resident and nonresident taxation policies
-The four-factor test for state unemployment insurance
-Income and unemployment taxation of Fringe benefits
-What wage and hour laws must be followed
-How to handle income and unemployment insurance taxation for employees working in multiple states
-How working in multiple states could affect withholding for garnishments
-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 do not have a form
-Reporting wages for multistate employees on Form W-2
-How COVID-19 affects teleworkers who are in a different state


 

Who Will Benefit

-Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
-Human Resources Executives/Managers/Administrators
-Accounting Personnel
-Business Owners/Executive Officers/Operations and Departmental Managers
-Lawmakers
-Attorneys/Legal Professionals
-Any individual or entity that must deal with the complexities and requirements of paying employees in multiple states

 

You may ask your Question directly to our expert during the Q&A session.

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