HR Compliance 2012 - Critical Factors and Complexities in Payroll 201

This 7-hr virtual seminar on Payroll 201 provides high-level training on topics critical to the intermediate payroll professional. It will increase your knowledge of payroll procedures and compliance regulations beyond the mere basic skills.

Why You Should Attend:

The payroll professional must deal with rules and regulations from the Department of Labor, the Internal Revenue Service and the state equivalent of each of these. When you get beyond the basic rules, the regulations become more complex and demanding. For example, how to withhold social security taxes is basic. But knowing how to handle social security taxes as it pertains to an overpayment of wages made in previous tax year is quite complex. The payroll professional at the intermediate level must know how to handle this type of situation.

Areas Covered in the seminar:
- How to pay white collar exempt employees properly using the salary basis rule?
- How to dock a salaried employee correctly under the FLSA?
- How to handle FMLA leave and an exempt employee's salary?
- Travel pay?when is it time worked.
- How vacation, sick pay or holidays affect overtime and hours worked?
- Does an employee who is paid on a fluctuating workweek basis need to be paid overtime.
- Calculating weighted averages for multiple hourly rates when an employee works overtime.
- Proper taxation of fringe benefits including: personal use of a company car or aircraft; auto allowances; moving expenses; third party sick pay; meals and lodging; memberships; stipends; gift cards; and cell phones.
- Using the special accounting rule for fringe benefits correctly.
- Proper taxation of multistate employees.
- Taxation and reporting of tips.
- Handling expatriates, resident and nonresident aliens correctly for taxes.
- Identifying and reporting abandoned wages.
- Proper handling under the IRC of overpayment of wages.
- Reconciling the payroll each quarter and at year end to ensure accurate reporting to the IRS.
- Completing and correcting Forms 940, 941, and W-2.