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Payroll Missteps, Potholes and Pitfalls—Watch Out for These Areas to Avoid Costly Errors

  • Training Type Recorded Webinar
  • Presenter Vicki M. Lambert
  • Topic Human Resources
  • Schedule Apr 07, 2023
  • Timing 01:00 PM EST
  • Duration 90 minutes
Registration Options
Recording $199
Recording & Transcript $379
Transcript $199
Digital Download $299
DVD $199
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Description

Even the most well-run and professional payroll department can fall victim to unforeseen problems that can derail the smoothest operation. Join us in this presentation and learn what to look for so you can avoid the biggest payroll pitfalls and keep on the smooth path!

Areas Covered:-

  • The pitfalls to avoid when paying by direct deposit and pay cards
  • 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 bonuses, 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.

Background:-

Properly administering an employee’s compensation is not limited to just calculating the hourly rate times the number of hours worked. That is actually just the beginning of the path to compliance. A path that can be fraught with pitfalls and potholes. 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. The payroll rules and regulations in today’s world are complex and constantly changing. 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 do not bother about can get you right down that payroll pit.

If paying employees by check is an old hat in your company, then you need to know what the latest regulations are for direct deposits and pay cards. Once the employee has the “money in hand” the state may require that they be given an explanation of how they were paid, or in other words, a paystub. And when an employee does leave your company, make sure you know your legal obligations as to that final paycheck.

Some of the compliance regulations payrolls must adhere to in avoiding the pitfalls were written in the 1930s while others are as new as yesterday’s Congressional vote. Some are in a constant state of flux while others are as constant as the sun and never change. No matter what the status you want to avoid falling down that noncompliance payroll pit. Even a slight trip on a payroll pothole can lead to thousands of dollars in penalties. 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.

Who Should Attend:-

  • Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
  • Human Resources Executives/Managers/Administrators
  • Accounting Personnel
  • Business Owners/Executive Officers/Operations and Departmental Managers
  • Lawmakers
  • Attorneys/Legal Professionals
  • Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues.
Registration Options
Recording $199
Recording & Transcript $379
Transcript $199
Digital Download $299
DVD $199
Bulk Registration?

Any Organization, Institution or Group User can register

Registration Form support@webinaraxis.com
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Access Information for Live Session will be emailed to you 12 hours prior the live date.

Access Information for On-Demand, and Transcript will be emailed to you 24 hours post of the live session.

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Speaker
Vicki M. Lambert

Vicki M. Lambert

Vicki M. Lambert, CPP is President and Academic Director of The Payroll Advisor™ a firm specializing in the training of payroll professionals. With over three decades of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert is a 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 as well as served as an in-house trainer for businesses such as Sun Micro Systems, Fox Studios, Disney, the County of Riverside, and the City of Hesperia. Ms. Lambert currently 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 re-certification hours by the APA.


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