Payroll Tax and 1099 Compliance:  What You Need to Know and What You’ll Need To Comply

Pete Isberg and Rich WilsonWednesday, November 10 at 12 PM ET (9 AM PT)
Presented by:  Pete Isberg, VP of Government Affairs, ADP, Inc.
Rich Wilson, Product Development, ADP Small Business Services
Content Level: Beginner
This webinar was FREE to members and non-members

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Download presentation from Nadine HughesThe IRS and state tax authorities are rapidly adopting broad new electronic payment and electronic reporting mandates for payroll taxes. These laws and systems vary widely, and businesses should be aware of potential pitfalls. This webinar covers what you need to understand about coverage, penalties, and how to prepare. 

Additionally, the recent Affordable Care Act (AKA Health Care Reform) included dramatic expansions to 1099 reporting for payments to corporations, and payments for property and goods.  There are several proposals to amend the new reporting. Are any changes likely? Businesses may need substantial time and resources to prepare their systems to comply.  This webinar will also cover aggregation requirements, TIN solicitation and potential back-up withholding on payments to corporations and suppliers.

Key Take-Aways:

  • How IRS Electronic Tax Payments mandates affect all businesses
  • How to avoid 10% EFTPS penalties
  • State Electronic Filing and Electronic Tax Payment mandates
  • How to prepare for dramatic expansions in IRS 1099 reporting
  • Initiatives to amend or facilitate reporting requirements
  • IRS efforts to reduce burden

Presenters

Sign up for this webinar with Pete IsbergPete Isberg is Vice President of Government Affairs for ADP.  He manages legislative and regulatory affairs, covering employment tax and reporting issues with the IRS, SSA, state and local tax authorities and state workforce agencies.  He is a former member of the IRS Information Reporting Program Advisory committee (IRPAC), and serves on several state and national advisory boards concerning Unemployment Insurance policy matters. 

Pete also serves as president of the National Payroll Reporting Consortium, a non-profit trade association whose member companies provide payroll processing, employment tax filing and other payroll-related services to over 1.4 million employers, representing over one-third of the private sector work force. 

Having formerly managed accounting, payroll and other functions for several small businesses, he has been able to accurately represent the perspectives and concerns of small businesses to state and federal policymakers; for example, advocating for the “payroll tax holiday” that became the HIRE Act earlier this year.  He holds an MBA in Finance from California State Polytechnic University, Pomona.   
 

Sign up for this webinar with Rich WilsonRichard Wilson leads the product development for ADP’s Small Business Services division which includes small business payroll, PEO, and Retirement Services.  In his role, Rich was the primary architect for RUN Powered by ADP® – ADP’s award winning payroll product that PC Magazine called “exceedingly simple to understand and use”.  Rich is also the primary designer for ADP’s mobile product offering which gives business owners the freedom to manage their payroll remotely.

Prior to joining ADP, Rich was a Principal Consultant at William M. Mercer where he pioneered the introduction of electronic employee communication for large multi-national companies; including the creation of the first web-based employee portal at Dell Computers in 1996.  Prior to Mercer, Rich was involved in several software development startup companies that specialized in PC-based and early Internet-based software.  Rich has received numerous PC Magazine “Editors Choice” awards, as well as similar industry recognized awards.
 
Rich received a Bachelor’s Degree in Information Technology from the University of Maryland in 1986.

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