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.
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.
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.