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Top 2017 changes to Update & Implement - Payroll Intricacies & 2017 changes

Duration :

Course Description:

         Payroll sounds like a simple process, on the contrary, it can be a daunting task. Payroll laws and regulations are constantly changing making payroll into a legal minefield and easy to make mistakes. Companies are finding themselves on the wrong end of lawsuits, audits, investigations and claims for payroll regulation violations daily. The Department of labor is on the prowl for the following "Hot" areas. Consider yourself warned!

         In this ever changing world of business, it is critical that we correctly determine whether the individuals providing services to our companies are employees or independent contractors and per the statutes report such in the correct manner to avoid audits and other enforcement efforts. The IRS says if you treat employees as non-employees you will be liable for all social security and Medicare taxes and withholding taxes for the entire period of mis-classification plus all penalties and interest. The employer also must be aware the with the Federal & State governments systems share any non compliance.

         With this world of competitiveness, businesses are pushed to supply customers the best prices. One of the way companies are trying to cut expenses is reclassifying employees.

As yourself this question: Can your company afford to make a million dollar mistake?

         Case in point: Recently a US employer was assessed a $18.3 million dollar fine by U. S. Department of Labor (DOL September 29, 2015).


Course Background:

         With around 20 different kinds of employment records and many federal and state laws regulating, in payroll management to satisfy federal requirements, it can be a daunting task. A normal definition of payroll management would be that the administration of the financial record of employees' salaries, deductions, bonuses, and net pay.

         Payroll management can be quite challenging to a new business owner as much as the existing businesses. Failure to follow any of these federal rules or any error in employment records, it could result in heavy fines or worse. Payroll laws and regulations are constantly changing making payroll into a legal minefield and easy to make mistakes.

         It not just what wrong the company's do but also what company does not know that can hurt them. That's never more true than dealing with payroll. The first step to complying with regulations is understanding them. Learn the up to date regulations.

Hear from our Speaker

Why should you Attend?

         This webinar will help you in learning, applying and optimizing 2017 payroll updates. Find below the list of essentials and must-dos you can expect to learn from the webinar.

  • The latest regulation changes that impact your company
  • The current duties test, updated "Primary Duties" and "Suffer or Permit"
  • Classification of "working time or worked time"
  • The exempt and non-exempt classifications in 2017 new rules
  • Calculate overtime with ease
  • Understanding taxable gifts, bonus and awards (parking, achievement awards, length of service awards, athletic facilities, deminmus benefits)
  • Common pitfalls of Wage and Hour laws that can be costly
  • "Comp Time" and how to use it instead of overtime
  • Independent Contractor rules

Areas Covered:

Topics covered include:
  • Understand the latest regulation changes that impact your company
  • Understand current duties test, updated "Primary Duties" and "Suffer or Permit"
  • How to classify "working time or worked time?"
  • Understanding exempt and non-exempt classifications 2016 new rules How to calculate overtime
  • Understanding taxable gifts, bonus and awards (parking, achievement awards, length of service awards, athletic facilities, deminmus benefits)
  • Common pitfalls of Wage and Hour laws that can be costly
  • How to calculate overtime?
  • When you can give "Comp Time" instead of overtime

Who will benefit?

This webcast will be of a valuable assistance to the below audience.

  • Payroll Department Personnel
  • HR Staff
  • Employee benefits Professionals
  • Business Owners
  • Any employee responsible for developing and/or maintaining an effective records retention, access and destruction program
  • Anyone who wishes to increase or refresh their knowledge of Record Retention and Destruction
Benefits All Associations/Organizations/Companies

Registration Options


Avail 12 months unlimited access for a single user.


Material shipped within 15 days post webinar completion & get life time access for unlimited participants.



Tags


Payroll, Payroll laws, Lawsuits, Audits, Investigations and Claims for Payroll Regulation Violations, Department of labor, Employees or Independent Contractors, Medicare taxes, DOL, Employment Records, Salaries, Deductions, Bonuses, and Net Pay, Working Time or Worked Time, Wage and Hour Laws, HR, Exempt and Non Exempt Classifications, Taxable Gifts, Bonus and Awards, Independent Contractor Rules, Calculating Overtime

Speaker Details

David Sanders PhD

David Sanders PhD

Payroll, HR, Accounting, Tax & Finance Consultant

Dr. David has a wealth of experience to share that is supported by impeccable financial credentials including over 37 years experience in the financial industry and holds numerous degrees including Accounting, Business Administration, Taxation and Finance. For the past 37 years David experience has included, Accounting Manager, Corporate Controller, Tax Auditor, CFO and Senior Partner for different Accounting/ Tax/ Auditing firms located in the US.

Refund Policy



Participants/Registrants for our live events, may cancel up to 72 hours prior to the start of the live session and ComplyArena will issue a letter of credit to be used towards any of ComplyArena's future events. The letter of credit will be valid for 12 months.

ComplyArena will process refund in cases where the event has been cancelled and is not rescheduled within 90 days from the original scheduled date of the webinar. In case if a live webinar is cancelled, participants/registrants may choose between recorded version of the course or a refund. Refunds will not be processed to participants who do not show up for the webinar. A webinar may be cancelled due to unavoidable circumstances, participants will be notified 24 hours before the scheduled start of the event. Contact us via email: admin@complyarena.com or call +1-888-222-5917 (Toll Free).