The Most Awaited Event for Payroll and HR Professionals
The U.S. payroll system is complex and navigating the rules can be a tough task for payroll professionals. It requires a good understanding of various federal and state laws and a constant awareness of changing and evolving regulations.
Payroll preparation is a time-consuming and tedious process prone to human error. Complying with wage and hour laws, travel pay, child support garnishments, handling overpayments and other issues is a constant source of headache for the payroll department. Things are even more difficult if you're a multistate employer.
This Payroll Virtual Boot Camp by expert Vicki M. Lambert, CPP, will help you get a clear understanding of complex payroll rules and regulations in four majorareas and provide you with practical steps and actionable plans to achieve compliance.
Wage and Hour Compliance: It's More Than Just Calculating Overtime
Session Timings: 11:00 AM to 12:30 PM ET | Duration: 90 minutes | Credits: Approved for [1.5 HRCI] and [1.5 PDC by SHRM]
- Federal minimum wage
- State minimum wage
- Tip credits
- Youth minimum wage (training wage)
- Board and lodging credits
- Defining the legal work week and work day
- How and when to pay for travel time
- What is considered hours worked and how do they affect overtime
- Is it covered under the FLSA or do I need to check the state?
- What to do when the FLSA and the state law differ?
- How to handle the FLSA and union contracts?
- What is regular rate of pay?
- How is overtime calculated under the FLSA?
- Posting requirements
- Meal and rest periods
- State requirements
- Statements and payday notices
- Frequency of wage payments
- Method of payment
- Paying terminated employees
- Paying out accrued vacation
Part I: Best Practices to Handle Multistate Employees
Session Timings: 12:45 PM to 2:00 PM ET| Duration: 75 minutes | Credits: Approved for [1.0 HRCI] and [1.0 PDC by SHRM]
- How to determine state withholding liability?
- Who is a resident?
- How reciprocal agreements affect taxation of wages?
- Resident and nonresident taxation policies
- The four factor test for state unemployment insurance
- Supplemental withholding rates
- Withholding requirements when an employee is in a state temporarily
- Which states require the use of their own Withholding Allowance Certificate, which states allow either theirs or the Form W-4, and which states don't have a form?
- Reporting wages for multistate employees on Form W-2
Part II: Child Support Garnishments
Session Timings: 2:00 PM to 2:45 PM ET | Duration: 45 minutes | Credits: Approved for [1.0 HRCI] and [1.0 PDC by SHRM]
- Defining child support garnishments
- The federal requirements a payroll department must know for child support
- Effect of state requirements on child support
- Specific requirements for child support, including deduction limits, deadlines, filing procedures, administrative fees, and penalties/fines for violations
- Handling terminated employees in regard to child support
- Best practices to communicate with employees and issuing parties
- Choosing a garnishment when an employee has current support orders, medical support orders, and arrearages
- Examples of calculating the withholding, and prioritizing the order of distribution when an employee has more than one type of garnishment
- Processing medical support notices properly
Part I: Tax Levies and Creditor Garnishments
Session Timings: 3:00 PM to 3:30 PM ET | Duration: 30 minutes | Credits: Approved for [0.5 HRCI] and [0.5 PDC by SHRM]
- Defining the types of tax levies and creditor garnishments
- The federal requirements a payroll department must know on each type of garnishment
- Effect of state requirements on garnishments
- Handling terminated employees in regard to garnishments
- Determining the withholding under a federal tax levy
- Deducting the proper amounts for student loans and creditor garnishments
- The rules to be followed when it comes to state tax leviesCalculating the withholding and prioritizing the order of distribution when an employee has more than one type of garnishment
- What to do with "payday loans" or what are known as voluntary wage assignments for creditors?
Part II: Handling Overpayments Correctly
Session Timings: 3:30 PM to 4:30 PM ET | Duration: 60 minutes | Credits: Approved for [1.0 HRCI] and [1.0 PDC by SHRM]
Handling Overpayments under IRS and State Tax Codes:
- Why a 1990 IRS private letter ruling on handling overpayments applies today?
- Correcting overpayments in the same calendar tax year
- Correcting FICA (Federal Insurance Contributions Act) taxes for a prior year overpayment
- Correcting FUTA (Federal Unemployment Tax Act)/SUI (State Unemployment Insurance) taxes
- Using Form W-2 or Form W-2C to report overpayments
Wage and hour laws and their impact on recouping overpayments:
- The standards under the FLSA in terms of timeframe for recouping prior year overpayments
- Whether a written agreement for repayment is always required under the FLSA?
- Collecting overpayments from exempt employees and its effect on salary basis compliance
- Recouping overpayments and its effect on minimum wage and overtime requirements
- Can employers treat advanced vacation payments as overpayments if an employee terminates?
- Where do the states stand on recouping overpayments?
Who will Benefit:
- Payroll professionals
- Human Resources professionals
- Accounting professionals
- Finance professionals
- Business owners
- Legal professionals
- Anyone responsible for the compliance issues of a payroll department
Order Now or Call 1-855-237-1396 Today!