Payroll Webinar: The Essentials for Third Party Sick Pay in 2020: What Payroll Must Know to Tax and Report Correctly
Aired live on Friday, July 10th, 2020
This webinar discusses the proper taxation and reporting of the fringe benefit known as third party sick pay. It discusses what is and is not third party sick pay, how the taxation is affected by the status of the provider (is or is not the employer’s agent), when this type of payment is taxable and/or reportable and who is responsible for this taxation and reporting.
What you will learn
- What is third party sick pay
- When is the third party not the employer’s agent and when are they
- How does the status of the employer’s agent affect the taxation and reporting of third party sick pay
- When is third party sick pay taxable for income tax, for FICA and FUTA, and when is it nontaxable
- Who reports the payments for third party sick pay for such forms as the 941 and W-2
- The latest on the new IRS Third Party Sick Pay form
Get to know the speaker
Vicki Lambert, CPP
Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company’s website www.thepayrolladvisor.com offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations.
With nearly 40 years of hands-on experience in all facets of payroll functions as well as over three decades as a trainer and author, Ms. Lambert has become the most 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. A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the instructor for the American Payroll Association’s “PayTrain” online program also offered by Brandman University.
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