Payroll Professionals complete audits and validate each payroll, sometimes mistakes happen and employees are overpaid. Payroll professionals are faced with challenges like untangling the tax and compliance requirements when getting money back from employees.
This webinar will give participants the tools to analyze all types of employee overpayments, to handle proper taxation, and to handle overpayment, while meeting federal and state laws. Laws in the deduction of pay from employees have changed in several states within the last couple of years.
Review of different types of overpayments from regular pay to non-cash items such as laptops given to employees.
Discuss employee loans and advances and how to handle them
Discuss the tax implications of overpayments made in current year and those made in a prior tax year.
Special year-end reporting concerns for employees that have been overpaid.
What are the best methods of repayment
Which special state and What federal laws should be considered when collecting overpayments
Understanding the impact of overpayments may be different for hourly employees versus salaried employees.
Will review the IRS “claim of right rule”.
Who Should Attend
Dayna Reum is currently the Payroll Tax & Garnishment Manager at PetSmart Inc. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association.
She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA.
She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.
This webinar has been approved for 1 HR (General) recertification credit hours toward California, GPHR, HRBP, HRMP, PHR, and SPHR recertification through the HR Certification Institute. “The use of this seal is not an endorsement by the HR Certification Institute of the quality of the activity. It means that this activity has met the HR Certification Institute’s criteria to be pre-approved for recertification credit.”