payroll practice and management

Upon successful completion of this Payroll Practice and Management workshop, Participants will learn to:

  • Gain knowledge of taxation regulations pertaining to payroll
  • Gain experience in reading and understanding tax requirements, their interpretation, and application
  • Learn tax deposit requirements
  • Gain knowledge in pay periods and their affect on taxation
  • Understand the basics of fringe benefits relocation, and personal use of a company vehicle
  • Become familiar with what taxes expatriates and non-resident's are subject to
  • Understand the basics of organizing a year-end season in a payroll department
  • Gain knowledge in writing payroll procedures and manuals and managing payroll staff

COURSE AGENDA

  • Introduction to the Act
    • History of Act
    • Rules of Coverage
    • Jurisdiction
  • Classification of Workers
    • Employees
    • Independent Contractor
    • Statutory Employees
    • Statutory Non-employees
    • Leased Employees
  • White Collar Exemptions
    • Definition of Exempt and Nonexempt
    • Four Categories of Exempt
    • Salary Basis Requirements
    • Other Categories of Exempt
  • Calculating Gross Pay
    • Constructive Receipt
    • Minimum Wage
    • Regular Rate of Pay
    • Overtime and Hours Worked Definitions and Calculations
    • Defining the Legal Workweek
    • Defining the Legal Workday
    • State Requirements
  • Other Requirements
    • Posting Requirements
    • Deductions From Pay
    • Compensatory Time Off
  • Specialized Payrolls, Employees, or Regulations
    • Overview of Other Wage and Hour Acts
    • Public Sector Employees
    • Hospital Employees
    • Agricultural Employees
    • New Hire Reporting
    • Child Labor
      • Maximum Hours
      • Minimum Wage
      • Legal Ages
  • Payroll Taxes
  • Multistate Taxation
  • Wages and Compensation
    • What Are Wages?
    • Other Compensation
  • Supplemental Wages and Pay Periods
  • Special Compensation and Wages
    • Business Expenses
    • Tips
    • Deceased Employee Wages
  • Reporting
    • Wage and Tax Reports
    • State Equivalent
    • Multiple Worksite Reports
  • Deferred Compensation
  • Flexible Spending Accounts
  • Third-party Sick Pay
  • Group Term Life Insurance
  • Personal Use of a Company Vehicle
  • Relocation
  • Incentive Stock Options
  • Nonqualified Stock Options
  • Employee Stock Option Plans
  • Nonqualified Deferred Comp Plans
  • Expatriate Employees
  • Resident and Nonresident Aliens
  • Payroll Procedures
  • Manual Check Policy
  • Staff Training
  • Internet Resources
  • Dealing With the Tax Department
  • Record Retention
  • Direct Deposit
  • Earned Income Credit
  • Year-end Form Review
  • Preparing For Year End