Payroll errors can be very expensive for the company, not just in terms of money but also reputation. Some payroll problems are very common and it is good to have a prior knowledge so they can be avoided. Understanding some of the common issues your in-house payroll department will face is the key to processing payrolls.
Payroll rules and regulations are constantly shifting and have become incredibly complex. Some compliance regulations payroll must adhere to were written more than eighty years ago, while others are as recent as the last Congressional vote. It is critical that payroll not stumble when complying with all of the regulations.
Properly administering an employee’s compensation is not limited to just calculating the hourly rate times the number of hours worked. 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 noncompliance. 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.
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.
Session Highlights:
The 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 bonus, 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 employees paystubs or pay statements
What records need to be maintained to avoid potholes in your compliance
The legal obligations of paying terminated employees—whether they voluntarily resign or are fired.
Why You Should Attend:
Learn how to effectively avoid the biggest payroll pitfalls by making sure you are up to date while running a payroll that is in compliance for 2017.
Who Should Attend:
Ask your question directly from our expert during the Q&A session following the live event.
Vicki Lambert
Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations.
With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today.
A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the Program Developer, Subject Matter Expert (SME), and Facilitator for the Certificate in Payroll Practice and Management Program offered by Cengage Learning / Ed2Go through hundreds of colleges and universities across the country.
Edupliance is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.