Tax Reform: How Will It Impact Your Payroll Process?

The Tax Cuts and Jobs Act is the most significant law impacting the payroll process since The Tax Reform Act of 1986! With the elimination of personal exemptions, every employee will need to re-examine their federal income tax withholding and Form W-4. The Act also repeals the income exclusion for employer-paid moving expenses, and bicycle commuting expenses. The IRS will be issuing new withholding tables for 2018 to take into account the lower tax brackets and higher standard deductions in the Act. During this webinar you will learn:

• How long you have to put new withholding rules into effect
• How to handle the newly taxable fringe benefits
• How to answer employee questions about the withholding changes