Description
RECORDED TRAINING COURSE
As much as we payroll professionals like to think our job is about producing a paycheck each pay period and making sure employees have accurate pay each pay period. But it is not always that easy; employees get overpaid, they end employment with our companies for all kinds of different reasons, and we need to be prepared to handle these situations and know how to properly handle them according to state and federal laws.
This webinar will give participants a better understanding of laws that affect how we handle all kinds of pay situations. Review of employee terminations and final pay requirements will be discussed in detail from the federal and state levels. All types of terminations, from death to voluntary terminations, will be discussed so you will have a better understanding of payment timing, methods, and taxation. Overpayments and laws around taxation and recouping funds from both active and terminated employees will be discussed in detail.
Session Highlights:
Review of different types of special pay situations to include payroll overpayments, deceased employee pay, and termination pay
- Discuss employee loans and advances and how to handle them
- Discuss the tax implications of overpayments, deceased employee pays and terminations
- Special year-end reporting concerns.
- Final pay concerns for terminated employees from severance to legal settlements
- Determine who to pay final payments to deceased employees
- What are the best methods recouping overpaid dollars and noncash items
- What special state and federal laws should be considered
Why You Should Attend:
Handling payroll isn’t just about issuing accurate pay checks. It’s about navigating complex legal requirements that come into play when employees leave a company or when overpayments occur. Mistakes in these areas can lead to compliance risks, penalties, and costly errors. Dayna will give you clarity on federal and state laws governing final pay and employee terminations. Furthermore, she will help you understand how to manage different types of terminations, from voluntary resignations to employee death
Who Should Attend:
- Payroll Professionals
- Accounting Professionals
- Tax Professionals
- HR Professionals
- Owners
- Employee Benefit Professionals
Note: You will get access to the Recording link and E-Transcript; in your account and at your registered email address.
