What's new in Remittance Tax & its Regulations

This session is good for both the AP and Payroll professional it will cover items that impact both departments from reporting to properly knowing when the withhold employment tax versus back up withholding.

Will discuss how to best understand 1099 and W-2 reporting requirements. Expense reimbursement review along with common concerns like daily transit costs, web-based plans. Session will review spousal travel and airline benefits. Other types of payments that impact both payroll and AP along with the taxability and reporting will be covered such as death payments to employees and legal settlements.

Why should you Attend:
This session will review the most up to date changes as of the date ran. That includes updates from the "Big Beautiful Bill" if passed. However, it will also cover those items that are still so critical like how I properly classify my workers to how do I know which 1099 to report. Will review back up withholding concerns and W-2 changes for 2025. Also how to properly handle employee expenses and when does it become taxable to the employee.

Areas Covered in the Session:

• Accounts Payable Vs. Payroll
• Classification of Workers for the IRS And Dol and what does it mean that the requirements are now different
• Expense/Travel Reimbursement
• 1099 Compliance
• Backup Withholdings
• Other Federal Regulations and Guidelines

• AP and Payroll Professionals