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Payroll Missteps, Potholes and Pitfalls—Watch Out for These Areas to Avoid Costly Errors

Wednesday, September 26, 2018, 8:00 PM - 9:30 PM




OVERVIEW


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 potholes and pitfalls. 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 non-compliance. 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.


WHY SHOULD YOU ATTEND


Some of the compliance regulations payroll must adhere to in
avoiding the payroll 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
statusyou 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.


AREAS COVERED


The payroll 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 employee paystubs or pay statements
What records need to be maintained to avoid potholes in
your compliance 
Legal obligations of paying terminated employees
—whether they voluntarily resign or are fired. 



LEARNING OBJECTIVES


Even the most well run and professional payroll department can
fall victim to unforeseen problems that can derail the smoothest operation.
Join us in this presentation and learn what to look for so you can avoid the
biggest payroll pitfalls and keep on the smooth pathǃ


WHO WILL BENEFIT


Payroll Professionals
Human Resources
Accounting Personnel
Business Owners
Lawmakers
Attorneys, or any individual or entity that must deal
with the complexities and technicalities of ensuring compliance within the
payroll process



 


For more detail please click on this below link:


http://bit.ly/2N9knvd


Email: support@trainingdoyens.com


Toll Free: +1-888-300-8494


Tel: +1-720-996-1616


Fax: +1-888-909-1882

Cost: $159.00

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