Topic : Year End Payroll and Business Tax Update
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This course will cover changes to payroll and business taxes for 2020, and for 2019 income tax returns. We will cover the new Form W-4 for payroll withholdings, other payroll updates, and business tax changes for 2019 tax returns due in 2020.
Areas Covered in the Session :
The new Form W-4 (in-depth discussion)
How withholding calculations work with the new W-4
Other payroll updates including: key numbers for 2020; E-filing mandate is changing soon; ACA update; moving expense deductions; and employee achievement award taxation
Form 1099 update, including a discussion of the new Form 1099-NEC
Meal and expense deduction after the Tax Cut and Jobs Act (TCJA)
Excess business loss deductions
Net operating losses
Basic overview of depreciation after the TCJA
Business interest deduction limitation
Form 1065 (partnership) changes including basis tracking and the new "partnership audit regime"
Qualified business income deduction discussion
Speaker Profile :
Jason Dinesen is a keynote speaker of Compliance Key. Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on accounting and bookkeeping services, tax preparation and business advising to a variety of clients and industries. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College.