When the Tax Cuts and Jobs Act (TCJA) was signed into law in December 2017, sweeping changes to Form W-4 became a matter of “when,” not “if.” Those changes—arguably the biggest since the form debuted in 1943—is finally materializing for the 2020 tax year, after a one-year implementation delay prompted by feedback from payroll and tax communities.

The impact of the COVID-19 on the global economy has been vast. Many Employers have needed to conduct layoffs, furloughs and many employees have needed to use the Government relief like the Family First Coronavirus Response Act (FFCRA) and the CARES Act. And more employees still have needed to look for new jobs.

For those Employers hiring and for employees getting new jobs or being hired back, they have a new opportunity to communicate the changes in the new W-4 form. If you had not communicated the changes in January 2020, you now have the ability to ensure you communicate the changes to the W-4 form as part of your onboarding process. This training will prepare Employers to have an onboarding process that communicates the changes to the W-4 for new employees and current employees.

• How to include changes in the onboarding process to accommodate safety for new hires during the COVID-19 Pandemic?
• How to explain the differences between the old W-4 form and modern form to employees wishing to make election changes
• How you should communicate the changes to new hires and current employees
• Employee data privacy concerns related to other sources of income.
• What the Tax Cuts and Jobs Act of 2017 include
• What expenses have now been removed
• How are Employees reacting to the changes
• Why the TCJA made the IRS regulations?
• What are the changes to the W4 form and when should it be used?
• How did the Payroll Associations respond to the new changes?
• What Should Employers Understand and be compliant for tax purposes?
• What resources can be used to communicate changes appropriately?
• Learn how Employers can help employees by using the IRS Estimator before asking employees to do so
• What is the impact on employees and why should they make changes to their W4 form?

It is critical for employers to provide the necessary information to employees on W-4 forms because of all the changes made without offering tax advice. Employers have the opportunity to communicate changes to the W-4 forms now that the COVID-19 Pandemic has impacted the workplace.

There are many employees impacted by job loss and Employers need to ensure effective communication on how the W-4 form will impact employees by using the IRD Estimator to make an informed decisions when completing their W-4 Form.

• All Employers
• Business Owners
• Company Leadership
• Small business owners
• Compliance professionals
• Payroll Administrators
• HR Professionals
• Compliance Professionals
• Managers/Supervisors
• Employers in all industries

SPEAKER

MARGIE FAULK

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Margie Faulk, PHR, SHRM-CP is a senior level human resources professional with over 14 years of HR management and compliance experience. A former Compliance Officer for Federal Defense Contracting Industry, Margie has worked as an HR and Compliance advisor for major corporations and small businesses in the small, large, private, public and Non-profit sectors. Margie is bilingual (Spanish) fluent and Bi-cultural.

Margie’s focus is on multi-state, national, state and local workplace compliance. Additionally, Margie is working on International compliance initiatives globally which includes workplace compliance in other countries like the UK, Canada, France, Brazil, China, Africa, Mexico and India, just to name a few.

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