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Instructor : Miles Hutchinson
Product Id : 30167PACK

Overview: What are the rules regarding paying and IRS reporting on Independent Contractors? How do I avoid the IRS CP-2100 (B-Notices)? What if my vendor claims exemption; must I obtain a W-9 anyway? What are the best practices? How can I minimize risk of improper exemption claims by my vendors? Get the answers to these and related questions to reduce your risk of huge penalties from the IRS.

Learn the rules requiring W-9 documentation and 1099 reporting. Learn how to establish the independent contractor relationship with the right documentation. Understand the rules and keep your company in compliance. Ensure that your records will stand the scrutiny of an IRS 3rd Party Documentation and Reporting audit. Avoid the onerous penalties for noncompliance and build the best defense against the 972-CG Notice of Proposed Penalty Letter.

Areas Covered in the Session:

  • Starter Question: How can we best set up an independent contractor in our vendor payment system to ensure compliance with the IRS reporting rules?
  • Protocols for setting up new vendors (ICs)
  • When to require a Form W-9
  • How to test the accuracy of the W-9 information with the IRS's records - for free!
  • Who and what you pay determines whether you must report (1099 reporting)
  • Forms to use to document your independent contractor as reportable or non-reportable
  • Required governmental reporting on ICs
  • Form 1099-Misc - guidelines for proper use and classification of diverse payments on this form
  • Best practices for filing 1099s with the IRS - TIP: never file early!
  • The government wants to remove the exemptions - what this means to you

Who Will Benefit:

  • CFOs
  • Controllers
  • Accounting Managers
  • Tax Managers
  • Accounts Payable Managers
  • IT Managers
  • Compliance Managers


Instructor : Miles Hutchinson
Product Id : 30167PACK

Overview: Miles Hutchinson, experienced CPA and financial analyst, will discuss the basic principles of FATCA, the affected businesses and individuals, the new and revised forms to effect compliance and provide you with simplifying charts and tables to help you determine your steps to full compliance. He will provide practical instructions and guidance for applying FATCA and will identify the key issues that will help you avoid potential penalties for noncompliance.

Why should you attend:

Don't be the last one to learn of your reporting and withholding obligations and don't fall victim to the huge penalties that can accrue for noncompliance. Join us for this 90 minute webinar on this complicated new law and how to comply with your withholding and reporting obligations.

Areas Covered in the Session:

  • What is FATCA
  • Who is affected-there is more to this than just the FFI reporting requirements
  • Briefing on the two Model Intergovernmental Agreements
  • Impacts of FATCA on forms 1099, 8938, & FBAR-FinCEN 114 (fka TD F 90-22.1)
  • Useful tables and charts for determining the definitions of foreign financial assets requiring reporting under FATCA
  • Exceptions to reporting
  • Penalty risks for noncompliance, including the extended statute of limitations
  • Case study - a tale of two offenders with significantly different outcomes
  • References to other rich resources to help keep you up-to-date

Who Will Benefit:

  • Compliance Officers
  • Information Reporting Officers
  • Tax Managers
  • CFOs
  • Controllers
  • Accounting Managers
  • Bank Managers


Instructor : Miles Hutchinson
Product Id : 30167PACK

Overview: We will begin with the methods of identifying workers who may be non-resident aliens and proceed to the forms and methods of collecting the necessary information to determine whether back-up withholding is required. Next we will examine the rules and forms for proper depositing of back-up withholding taxes and the required reporting to the worker as well as to the IRS. Please note, beginning in 2014 the number and complexity of the forms have both increased due to the implementation of FATCA, the Foreign Accounts Tax Compliance Act.

This course will briefly introduce FATCA and show the impact on the Forms W-8 (now five forms instead of four). The course will focus on Chapter 3 of the internal revenue code related to the payment of FDAP income to non-resident aliens (including an explanation of FDAP income).

Why should you Attend:

Join us to obtain the best tools available to identify your Nonresident Alien payees (NRA's) and bring your company into compliance with the 30% backup withholding requirements on dollar one. In just 90 minutes, you can begin to develop a solid plan to move your company toward near absolute regulatory compliance, efficiency improvements, standardized processes, & adequate documentation to ensure your NRA's are properly handled according to IRS and tax treaty regulations. You will learn how to obtain the treaties and confirm exemption claims made by your NRA's with the IRS.

Areas Covered in the Session:

  • How to determine whether Nonresident Aliens are working for you
  • Review the five forms W-8 including the new W-8BEN-E just released in Q1-2014
  • Learn about the drafts of revised forms W-8 soon to be released
  • Learn how to determine which W-8 to provide to the NRA
  • Discover how a NRA individual must support their claim of exemption from withholding
  • Learn the best way to handle questions form NRAs who do not understand your requests or the forms
  • Examine a tax treaty and learn how to use it to confirm a claim of exemption from or reduced rate of backup withholding
  • Discover how to make your backup withholding deposits timely and keep the IRS from confusing them with your payroll tax withholding deposits
  • Study the 1042-S and related forms for filing and reporting backup withholding on the Annual Withholding Tax Return
  • Avoid the penalties for under-withholding and failure to report your NRA's
  • Discover the best practices for managing NRA information reporting and backup withholding

Who Will Benefit:

  • Information Reporting Officers
  • Tax Managers
  • Compliance Officers
  • Compliance Managers
  • CFOs
  • Controllers
  • Accounting Managers
  • Bank Managers
  • Auditors
  • IT Managers
  • Risk Managers


Instructor : Miles Hutchinson
Product Id : 30167PACK

Overview: Join us for 90 minutes to learn how to put the powerful sensitivity tools of Microsoft Excel to work in your models. Learn the top 20 best practices of solid model design, development and delivery. Seasoned financial analyst, Miles Hutchinson, will show you how to unlock the power of scroll bars and spinners, goal seek, one and two-input data tables and scenario manager in your models. He will provide you with samples of the tools demonstrated during the webinar along with complete instructions for creating and using each of these tools.

Why should you Attend:

What if our projections are incorrect? How much variation can we live with when making decisions involving significant amounts of time, money and other resources? How can we express the degree of variation in the expected results current operations and future projects? How well do we quantify upside potential AND the downside risk in our decision making? We are constantly re-evaluating our actions. How do we know, up front and with certainty, we will be able to weather decision gone bad? Financial modeling and forecasting from reasoned logic, realistic ranges for our significant variables and proper application of sensitivity testing should provide us with the answers to these questions.

Areas Covered in the Session:

  • Learn "Best Practices" - Top 20 guidelines of effective model design, development and delivery
  • Apply Scroll Bars and Spinners to individual cells and flex them over their relevant ranges with the touch of your mouse
  • Use Goal Seek to discover how much a single variable must move to reach a desired outcome
  • Use Data Tables with one or two-inputs to deliver an array of outcomes from your model in just seconds
  • Use Scenario Manager to store selected groupings of inputs and resulting outcomes
    • Use Scenario Manager to consolidate all "versions" of your model into one file
    • Use the built-in Scenario Summary report to compare your Scenarios side-by-side, automatically!
  • Expand your skills in financial modeling to a level you never dreamed of in just 90 minutes!
  • Bonus - download a copy of the demo model. Receive the answer key to our demonstration! Repeat the lessons at your own pace after the webinar is ended with full instructions provided for each tool

Who Will Benefit:

  • CFOs
  • Controllers
  • Investment Analysts
  • Financial Analysts
  • Business Analysts
  • Forecasting & Planning
  • M&A Specialists (Mergers & Acquisitions)
  • Risk Managers
  • Strategic Planners
  • Capital Expenditure Planners
  • Cost Accountants
  • Managerial Accountants


Instructor : Miles Hutchinson
Product Id : 30167PACK

Overview: Learn the best practices for eliminating 1099 error notices from the IRS. Discover the power of the TIN Matching system. Learn how to handle the CP-2100 notices from Uncle Sam and avoid the fines & penalties for failure to timely comply with the B-Notice requirements.

Understand the difference between and 1st and 2nd B-Notice and the related differences in required vendor responses. Be sure you institute and stop Backup Withholding when required. Join us for a content-rich 90-minutes and you will gain the tools to make you the most effective information return manager your company has ever seen.

Why should you Attend:

How do you know your vendor's W-9's are correct? What are the consequences of filing incorrect name and ID numbers on their 1099's? In just 90 minutes, you can begin to develop a solid plan to move your company toward near absolute regulatory compliance, efficiency improvements, standardized processes, & adequate documentation to ensure your 1099's contain accurate information that will agree with the IRS's records. You will all but eliminate your B-Notices from the IRS!

Areas Covered in the Session:

  • Starter Question: What is TIN Matching?
  • Applying for access to the TIN Match system - the required information will surprise you
  • How to use the TIN Match system - Interactive and Bulk upload sessions and protocols
  • How to register to use the system
  • How the TIN Match system works
  • Best practices for managing 1099 reporting requirements
  • How to deal with vendors who report incorrect information on their W-4's
  • B-Notices: upon receipt of a letter from the IRS stating I have incorrect names/TINS on my 1099's, what must I do and what about the deadlines?
  • How to handle a Notice of Proposed Penalty

Who Will Benefit:

  • CFOs
  • Controllers
  • Compliance Managers
  • Accounting Managers
  • Accounts Payable Managers


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NetZealous LLC,
161 Mission Falls Lane, Suite 216,
Fremont, CA 94539, USA.

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