What's new in remittance Tax & its regulations

This session is good for both the AP and Payroll professional it will cover items that impact both departments from reporting to properly knowing when the withhold employment tax versus back up withholding.

Will discuss how to best understand 1099 and W-2 reporting requirements. Expense reimbursement review along with common concerns like daily transit costs, web-based plans. Session will review spousal travel and airline benefits. Other types of payments that impact both payroll and AP along with the taxability and reporting will be covered such as death payments to employees and legal settlements.

Why should you Attend

This session will review the most up to date changes as of the date ran. That includes updates from the "Big Beautiful Bill" if passed. However, it will also cover those items that are still so critical like how I properly classify my workers to how do I know which 1099 to report. Will review back up withholding concerns and W-2 changes for 2025. Also how to properly handle employee expenses and when does it become taxable to the employee.

Areas Covered in the Session

Accounts Payable Vs. Payroll
Classification of Workers for the IRS And Dol and what does it mean that the requirements are now different
Expense/Travel Reimbursement
1099 Compliance
Backup Withholdings
Other Federal Regulations and Guidelines

Who Will Benefit

AP and Payroll Professionals

Speaker Profile

Dayna Reum ,CPP, FPC is currently the Director of Payroll Operations at a major medical center in Chicago. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona, Pennsylvania and Illinois State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll.

Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.