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Human Resource & Payroll

Top 10 Payroll Pitfalls and How to Avoid them

Overview

Payroll departments submit and receive hundreds of thousands of bits of data each year. Employee master file data such as name and social security number, employee forms such the Form W-4, report to the IRS such as Form 941, state unemployment insurance quarterly returns, termination dates for employees, and even child support withholding orders. This webinar will review record retention requirements along with legislation that is commonly done incorrectly that can cause you company money. This webinar will give you tools and tips to stay compliant with existing and new legislation.

To be up to date on current legislation affecting payroll and legislation that has caused the payroll area to struggle and how to overcome those struggles, to make sure your up to date and are running a payroll that is in compliance for 2023, this webinar is definitely one should attend.


Areas Covered in this Training

-Record Retention
     -Payroll Record Keeping Requirements by agency
     -IRS-Internal Revenue Service
     -DOL-Department of Labor
     -Record retention policies & procedures & the cost of a poor policy
     -How to handle and be prepared for audits
     -Special Retention Concerns
     -Form I-9
     -Sarbanes-Oxley
     -Mergers & Acquisitions
     -Unclaimed Properties
 

-Legislative updates
     -W-2 filing deadlines
     -Information Return
     -Annual Updates

 -Common Errors to avoid
     -Worker Misclassification
     -Overpayment Corrections
     -Termination Errors
     -Proper state taxation
     -Taxing Fringe Benefits
     -Obtaining proper substantiation
 

Why Attend this Training

-Review how to properly determine worker classification and what it will cost you for non-compliance.
-Understanding key recordkeeping practices
-Best practices on how other employers handle multi-state concerns
-Properly Fringe Benefit Taxation
 

Suggested Attendees

-Payroll Professionals
-HR professionals
-Owners
-Tax professionals
-Bookkeepers
-Managers
-Small Business Owners

You may ask your Question directly to our expert during the Q&A session.

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