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Payroll Law 2012

Fee:

$199

· QuickCode:

QQBTCF

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Provider:
Fred Pryor Seminars

Topic(s):
Finance & Accounting > Management

Who Should Attend?
Those in payroll management

Full Seminar Description

What you don't know CAN hurt you. That's never more true than when handling payroll. The first step to complying with regulations is understanding them. That's why you'll begin your day with a crash course in payroll's legal basics. You'll find out what areas fall under state, federal, and joint regulation, and learn how to avoid the often staggering penalties and fines of non-compliance.

There's a lot of meat to the Fair Labor Standards Act/Amd regulators are watching closely. It takes careful maneuvering to stay out of legal hot water. The most innocent mistake can result in a substantial fine, and with you losing credibility with your company. Be prepared by knowing what's expected, what's changed, and where there are loopholes.

Handling payroll sounds like a simple proposition. Employees work at a certain rate of pay. You take out taxes and give them the rest of what they've earned. If only it were that clear cut. Regulations regarding special benefits and other payments turn a simple proposition into a legal landmine. Armed with the strategies you'll gain at this seminar, you'll handle payroll accurately, legally, and with complete confidence.

Every employee's paycheck presents a different challenge. After the seminar you'll know which forms to use when and, most important, how to keep your company out of hot water with the DOL and state agencies. It's their job to catch you in a mistake. Together, we'll make sure that doesn't happen.

Seminar Overview

The New Basics of Payroll Management

• The high cost of improperly classifying employees
• Critical steps for new hire reporting — what you must do
• The most important thing to know about statutory employees
• Why payroll managers hold more responsibility today than ever before
• The legal importance of maintaining the distinctions between contract employees and staff
• What to do if you get an FLSA complaint

Making Sense of the FLSA

• The must-do's of FLSA record keeping
• Exempt vs. nonexempt employees — are you applying the FLSA properly to each?
• What are your company's responsibilities for travel time, on-call time, and time employees spend waiting on behalf of your company?
• Are all meetings and training deductable — even those that are primarily vacations?
• When are exempt employees eligible for overtime?
• Understanding overlapping federal and state wage and hour laws
• The important tip credit and what it means to your company's labor costs
• Comp time — the common illegal practice many companies unknowingly use

Special Pay Considerations — Perks and Benefits

• When and how to tax fringe benefits such as company cars, club memberships, etc.
• The legal ramifications of paycheck advances
• When must prizes won at a company function be taxed?
• Gone to the Guard for the week — what to do when military pay and your payroll overlap
• Tips and uniform allowances — what's considered income, what's not?
• What you're required to pay when an employee is dismissed
• Compensation and fair market value — what the law says you must do
• Gifts that must be reported to the IRS
• Withholding and reporting rules for cash fringe benefits vs. non-cash fringe benefits

Special Circumstances — Special Treatment

• When to withhold tax — before or after voluntary deductions
• Payroll procedures that signal trouble to auditors
• How to correctly follow the tax provision for low income families
• What is back-up withholding and when should you use it?
• The critical differences between W-4, W-4P, and W-4S forms
• Special must-do procedures for employing resident and non-resident aliens
• How to handle compensation for U.S. employees working abroad

Sponsor Background:

Today, with more than 5,000,000 satisfied customers, we continue to pride ourselves in providing the superior training you’ve come to expect from Fred Pryor Seminars and CareerTrack. Our cutting-edge research and course development are designed to meet the adult learning needs of your employees and your organization.

Fred Pryor and CareerTrack are your number one choices for training because we offer:

• In-depth experience in the training industry
• Consistent and comprehensive course offerings
• High energy and content-rich presentations
• Multiple training tools, including on-site training, on-line learning, seminars, and a/v products
• 100% Satisfaction Guarantee

As we continue to grow, expand, and change to meet client and market needs, we always remember that every individual customer matters and that collectively, they are our most valuable assets. That’s why our goal is the same today as it was 30 years ago – to provide the best choice in business skills training with maximum convenience to help you – our customer – achieve success!

Cancellation Policy: You may cancel your registration up to 10 business days before the seminar. Your registration fee will be refunded less a cancellation fee. If you need to cancel less than 10 business days prior to the seminar you may (1) send a substitute from your organization or (2) transfer your registration fee within 12 months to another seminar or conference of your choice. Please note that if you don't cancel and don't attend, you are still responsible for payment. Substitutions may be made at any time.

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