Payroll Mistakes You Can’t Afford: Watch Out for These Common Pitfalls
In this HR compliance webinar attendees will learn what to
look for so they can avoid the biggest payroll missteps, potholes and pitfalls
to keep on the smooth path!
Key Areas:
- The
pitfalls to avoid when paying by direct deposit and paycards
- How
to determine the fair market value and proper taxation for prizes and
rewards when paid in means other than cash
- How
to avoid the deep compliance pit of failure to calculate overtime
correctly when paying an employee bonuses, prizes and rewards—whether in
cash or tangible personal property
- How
to account for the value of fringe benefits paid to employees
- What
to do with business expense reimbursements
- When
to give employees paystubs or pay statements
- What
records need to be maintained to avoid potholes in your compliance
- The
legal obligations of paying terminated employees—whether they voluntarily
resign or are fired.
Why You Should Attend:
Properly administering an employee’s compensation is not
limited to just calculating the hourly rate times the number of hours worked.
That is actually just the beginning of the path to compliance. A path that can
be fraught with pitfalls and potholes. From ensuring that the gross wages are
correct, through taxation and finally method of payment, every step can be a
misstep into the mud and mire of noncompliance. The payroll rules and
regulations in today’s world are complex and constantly changing. Gross wages
can even change each payroll as employees receive fringe benefits, business
expense reimbursements or prizes and rewards. Which to tax and report and which
to just report, or which to not bother about can get you right down that
payroll pit.
If paying employees by check is old hat in your company, then
you need to know what the latest regulations are for direct deposits and
paycards. Once the employee has the “money in hand” the state may require that
they be given an explanation of how they were paid, or in other words, a
paystub. And when an employee does leave your company, make sure you know your
legal obligations as to that final paycheck.
Some of the compliance regulations payroll must adhere to in
avoiding the pitfalls were written in the 1930’s while others are as new as
yesterday’s Congressional vote. Some are in a constant state of flux while
others are as constant as the sun and never change. No matter what the status
you want to avoid falling down that noncompliance payroll pit. Even a slight
trip on a payroll pothole can lead to thousands of dollars in penalties. Join
payroll expert Vicki M. Lambert, CPP as she explains how to avoid the potholes,
missteps and deep pits of processing paychecks - from gross wages to final
paychecks and more.
Who Should Attend:
- Managers/Administrators/Professionals/Practitioners/Entry
Level Personnel/ Payroll Executives
- Human
Resources Executives/Managers/Administrators
- Accounting
Personnel
- Business
Owners/Executive Officers/Operations and Departmental Managers
- Lawmakers
- Attorneys/Legal
Professionals
- Any
individual or entity that must deal with the complexities and requirements
of Payroll compliance issues
Instructor
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. She is the instructor for the American Payroll Association’s “PayTrain” online program offered by Brandman University.
Credits
Opty learn is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities.
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