Essentials of Taxing and Reporting Insurance Benefits for 2016 and Beyond

Why Should You Attend:

A lot of attention was paid last year and again this year to benefits offered under the Affordable Health Care Act (ACA). And although 2012 was the first time payroll had to report the value of health insurance benefits on the Form W-2, it is not the first time an insurance benefit has had to be reported by payroll.

In recent years payroll has been required to determine taxation and reporting requirements for health insurance programs such as HSAs, HRAs and MSAs. Since the 1980’s payroll has had to determine the taxation and reporting of group term life insurance as well. But insurance benefits are not limited to just health or group life. Many companies offer executives other types of life insurance.

This webinar will help you answer the listed below questions:

• How does payroll handle those benefits?
• What about third party sick pay?
• Which amounts are taxable and reportable or just reportable?
• Who is responsible for the Form W-2 for 2016 when third party sick pay payments are included?

Areas Covered in the Webinar:

• Review calculating and reporting health insurance benefits for 2016
• Discuss how to deal with the complexities of third party sick pay taxation and reporting
• Determine how to calculate, tax and report group term life insurance
• Examine the basics of taxing and reporting whole and split life insurance
• Cover handling the alphabet soup of health insurance including HSAs, HRAs and MSAs
• Touch upon the essentials of workers’ compensation for payroll

Who Will Benefit:

• Payroll Professionals
• Human Resources
• Accounting Personnel
• Business Owners
• Lawmakers
• Attorneys
• Tax Professionals
• Health and Safety Professionals
• Employee Benefit Professionals

Instructor Profile:

Vicki M. Lambert, CPP, is president and academic director of The Payroll Advisor™ a firm specializing in training payroll professionals. With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert is a sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today.

Ms. Lambert has lectured extensively on payroll administration and compliance issues for clients that have included Automatic Data Processing, CCH Incorporated, Ceridian Employer Services, and The Employer Group. Ms. Lambert has also served as a consultant and in-house trainer for businesses such as Sun Microsystems, Paychex, Fox Studios, Disney, County of Riverside, and City of Hesperia.

Ms. Lambert is an adjunct faculty member at Brandman University in Southern California. She is the creator of and the instructor for the Practical Payroll Online program offered through the School of Extended Education. Ms. Lambert currently produces and presents audio seminars and webcasts for clients and business groups throughout the country.

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