Attendance is required for CE creditThis is a Group Internet Based program. Credit releases only after verified attendance for the full session duration.
Year-end close is a fixed sequence with immovable deadlines, and most of the errors that surface in January were introduced months earlier. This session walks the close in order: reconciliation, taxable fringe benefit capture, Form W-2 preparation, and the correction path when something is already filed.
The session includes the federal and state filing calendar for the coming year and the penalty exposure attached to each date.
Major topics covered
Quarterly to annual reconciliation.
Taxable fringe benefits and imputed income.
Form W-2 preparation and filing.
Corrections on Forms W-2c and 941-X.
After completing this session you will be able to:
01Apply the reconciliation procedures that tie quarterly Forms 941 to the annual Form W-2 totals.
02Identify taxable fringe benefits requiring imputed income before the final payroll of the year.
03Explain Form W-2 box-by-box reporting for the codes most often misapplied.
04Recognize and avoid errors that require Form W-2c and the associated Form 941-X.
Topics covered in this session:
Quarterly to annual reconciliation and the out-of-balance investigation
Taxable fringe benefits, imputed income and the final payroll cutoff
Group-term life, personal use of company vehicles and third-party sick pay
Form W-2 box-by-box reporting and commonly misapplied codes
Deferred compensation and retirement plan reporting
Form W-2c and Form 941-X correction mechanics
Federal and state filing deadlines and penalty exposure
Dayna has twenty years in payroll operations across multi-state employers, teaching withholding, garnishment and year-end reporting. Her programs cover reciprocity, nexus and the mechanics of correcting filings after the fact.