2019 - Payroll Missteps, Potholes and Pitfalls - Watch Out for These Areas to Avoid Costly Errors

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 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.