302 pages [194 self-teaching + 108 self-quizzes with detailed answers]
Section 1: FIT withholding: The wage bracket and percentage methods. How to use IRS tables and special withholding rates.
Section 2: Fringe benefits. How to tax working condition fringe benefits . . . health insurance . . . qualified employee discounts . . . transit passes and parking . . . gift certificates, and more.
Section 3: Fringe benefits. How to tax—or not tax—various fringe benefits and report each one on the W-2, 941 and 940.
Section 4: Expense reimbursements, advances and allowances. What’s taxable v. nontaxable. Required substantiation. The cents-per-mile, standard mileage and federal per diem reimbursement methods. W-2 reporting.
Section 5: Personal use of company cars. 3 safe-harbor methods for valuing personal use and 4 requirements for using them. Reporting the value on the employee’s W-2.
Section 6: Deferred compensation and “cafeteria” plans. How to withhold pretax and report contributions to 401(k) plans and SEPs on the 941 and W-2. Contribution limits.
Section 7: Disability v. third-party sick pay. Handling sick pay from the employer v. self-insured plan v. insurer. FUTA and FIT taxability. Reporting sick payments on the W-2, 941 and 940.
Section 8: Taxing and reporting life insurance benefits. Reporting group-term life on the 940, 941 and W-2.
Section 9: Imputed income and gross-up for cash payments. How to compute a bonus that includes the employee’s share of taxes or withhold taxes after a cash bonus has been given.
Section 10: Imputed income and gross-up for fringe benefits. How to compute the employee’s share of taxes on noncash fringe benefits.
Section 11: Voluntary v. involuntary deductions. Child support orders, federal/state levies, other notices. Deductions permitted from employee pay before levy. Limits on the levy.
Section 12: Basics of workers’ comp insurance. Variations by state. Classification codes, computing premiums, taxation of workers’ comp benefits.
Glossary of key terms.
Appendix of sample payroll forms with instructions: W-4, 940, 940-Sched. A, 941, 941-Sched. B, 944, 945, 945-A, W-2, W-3, W-2c, W-3c, 941-X, I-9, 1099-MISC.
Publisher: AIPB
Excellent Course!
Very good, covered the advanced topics very well.
I have not yet completed this course.
A step up from Payroll, more challenging, good information.
Well presented and easy to follow.
Very informative
The Material is practical and you can dominate the subject very fast
remember it from the certification course, but haven’t referenced it much.
No comment.
It was great.
It was an excellent book. It refreshed my memory on some of the things I don’t use a lot and I learned some new things. It was well worth my time taking this class.
It has been very helpful in my accounting practice.
it gives good knowledge
it focus more detail and accurate
I used the book to review procedures, did not take the course or test.
I thought this course was very good.
I found this course very useful. Payroll is an important part of my job. Although I know a lot about the payroll process, there was information in this course that I did not know because I work for a small company and have not needed to use some of the areas touched on in this course. I felt like I learned some very useful information
I found this course to be concise and easy to understand.
I found this book to be informative. It had information that I wasn’t aware of and its a great resource for tasks that aren’t completed on a daily or weekly basis!
HELPED ME A LOT
Great instruction book.
Good!
Excellent learning tool… However, could use an update with dates and amounts.
Excellent Book and help to increase knowledge for payroll tax.
A very easy to follow course. I benefited greatly by taking this course.
Very informative. I learn a lot about various payroll functions that I have never used before that could help me in other areas. Easy to read and understand.
Very good. Useful and just in time information.
Very good, it was what I expected.
very good book
Useful information.