Market Areas > Corporate Finance > Reporting Third Party Sick Pay

Reporting Third Party Sick Pay: Taxation and Withholding Compliance

Course Description:

Reporting and taxation of third-party sick pay is a complex process.  In fact, there’s a multitude of rules (and exceptions to those rules) that make it impossible to create a one-size-fits-all answer.

In this information packed audio conference, our expert faculty will guide you through the complex and challenging rules surrounding third-party sick pay, including:

• What are and who does what with Forms: W-2, W-3, W-4S, 940, 940-EZ, 941
• Who is responsible for withholding and reporting: Income taxes, FICA, Social Security taxes, Medicare taxes, and FUTA taxes, and
• What you and your company’s legal obligations are, responsibilities for these requirements — and what happens if you get it wrong.

Course Highlights:

• What is and what is not included in third-party sick pay
• How to determine when sick pay is subject to FICA withholding and when exemptions begin
• Who reports to the SSA and IRS and when
• Best practices when dealing with your third-party sick pay provider
• What forms need to be used and who needs to submit them
• Troubleshooting tips so you can remain compliant
• Proper procedures for insurance companies acting as employer agents— and if they’re not acting as employer agents, what that means to you and your payroll responsibilities

Faculty:

Matthew Whitehorn, Partner, Dilworth Paxson LLP

Matthew Whitehorn is a Partner in the Employee Benefits Group, at the Dilworth Paxson LLP law firm in Philadelphia, Pennsylvania. Mr. Whitehorn works with clients on a broad range of benefit issues including:

ERISA and fiduciary requirements compliance reviews of qualified retirement plans, nonqualified deferred compensation plans and compliance with Code Section 409A requirements, Form 5500 return preparation pension plan design/tax consulting, plan terminations/PBGC issues, IRS/DOL Correction Program submissions, employee benefit plan governance, Taft-Hartley/multi-employer plans, IRS plan audits and other tax controversy matters and DOL examinations, governmental & tax exempt employer pension and 457(b) plans & 403(b) plans, health and welfare plan issues/cafeteria plans, employee benefits issues in mergers & acquisitions. Matt has a BA degree from The Johns Hopkins University and law degrees from both Villanova University (JD) and Temple University (LL.M. in Taxation).

Richard Smolen, Associate, Dilworth Paxson LLP

Richard Smolen is an Associate in the Employee Benefits, Tax, Philanthropic, and Trusts & Estates Groups at the Dilworth Paxson LLP law firm in Philadelphia, Pennsylvania. Mr. Smolen focuses his practice on a broad range of tax areas, including:

Representation of non-profit organizations, charitable planning, corporations, partnerships, and individuals, as well as trusts and estates. He has expertise working on matters involving formation and governance of tax-exempt organizations, charitable giving, and family tax planning. Rich has a BA from The University of Pennsylvania, and MBA, JD and LL.M. (taxation) degrees from Temple University.

MONEY-BACK GUARANTEE:

We're so confident you'll get what you want out of this conference that we'll refund every penny if you're not completely satisfied. No questions asked! It's 100% risk-free!

pricing:

Unable to Attend?  Order the CD!
Your CD recording includes the complete audio conference presentation, audience Q&A and presentation materials.

APPROVED FOR RECERTIFICATION CREDIT:

	HRCI - Receive 1.25 recertification credit hours toward PHR and SPHR recertification through the Human Resource Certification Institute (HRCI). For more information about certification or recertification, please visit the HRCI homepage at www.hrci.org. "The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute's criteria to be pre-approved for recertification credit."
	APA Approved Provider: Receive 1.5 RCH by attending!
	Receive 1.5 CPE credits by attending the live Audio Conference! CCM is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org Program Level: Intermediate Prerequisites: This course is for participants with some exposure to the subject. Advanced Preparation: None Delivery: Group Live CPE Credits: 1.5

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