New Year Legislation and Form Updates 2025

Marketing and Empathy Psychology

By - Dayna J. Reum, CPP

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This webinar is designed to help the participant to better understand IRS Form updates for 2025 necessary to stay in compliance with the IRS. Did you know that penalties for information returns have been updated and can cost your company money if W-2’s and the ACA forms are still required? Or that the IRS has implemented requirement that employers report the Sick and Family leave wages paid to employees and taken as a credit now on the Form 941X instead of the Form 941. These kinds of items and many more will be reviewed. We also will review the most updated information available on tax reform and the potential impact on payroll. This session will also review recently updated new year legislation from overtime changes and rescinds along with IRS amounts.

Learning Objectives:

To better understand the do’s and don’t s of critical compliance forms.
How to process the 941 and avoid audits
Processing W-2’s correctly
Proper balancing the Form 941 to your W-2’s at year end
Understanding the new Electronic W-4 requirements
How employers should support employees when completing the W-4 and what employers shouldn’t be doing.

Agenda

Form 941 & W-2
Updates
Deadlines
Information Return Penalty changes
Electronic Delivery Requirements
IRS Form Update
Form 940
Form W-4
Annual Updates
Taxation of Fringe Benefits
DOL overtime update and what happens next

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Webinar Type

Clear

Speaker Detail

Dayna is currently the Senior Director of Payroll & HRIS at Ann and Robert H. Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field over 20 years. Starting as a payroll clerk at a small Tucson company. Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards to include Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA. Dayna has also assisted in the CPP preparation classes for the Chicago APA Chapter. She has served on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.