Are you confident that your payroll deductions are in compliance with federal and state regulations?

Payroll processing involves more than just calculating gross wages and issuing net paychecks. Employers must navigate a complex web of regulations to determine what can and cannot be deducted from an employee's wages to achieve the net income. Failure to adhere to these rules can lead to penalties, audits, and legal issues from both federal and state authorities. Additionally, the rules for deductions can vary between states, adding another layer of complexity.

This session by Payroll speaker, Vicki M. Lambert, CPP will provide a comprehensive guide to understanding and implementing employee paycheck deductions. Vicki will address common challenges faced by payroll professionals, including determining mandatory vs. courtesy taxes, handling fringe benefits, and dealing with overpayments. During the session, Vicki will clarify the rules and regulations surrounding deductions, ensuring that you can confidently process paychecks while remaining compliant with federal and state laws.

Key Topics Covered:

• Understanding mandatory vs. courtesy taxes
• Handling deductions for fringe benefits, including health insurance and uniforms
• Dealing with overpayments and recouping advanced vacation pay
• Navigating state-specific rules and regulations
• Ensuring compliance with federal and state laws to avoid penalties and audits

Webinar Objectives

• Understand the regulations governing employee paycheck deductions.
• Learn what can and cannot be deducted legally.
• Gain insights into handling deductions for taxes, fringe benefits, uniforms, meals, lodging, and more.
• Discover the impact of deductions on final paychecks and how to comply with state and federal laws.

Webinar Highlights

• Tax deductions: Mandatory, courtesy, and employee-controlled taxes.
• Child support: Limits and legal obligations.
• Tax levies: Federal and state regulations.
• Creditor garnishments: How many can be honored and how often.
• Voluntary wage assignments for payday loans: Legal requirements.
• Fringe benefits: Health insurance, group term life, and other benefits.
• Uniforms: Employer-paid vs. employee-furnished.
• Meals: When they become part of the employee's wages.
• Lodging: Legal considerations for employer-provided lodging.
• Shortages and breakage: Employee responsibility and legal implications.
• Overpayments: Recouping overpaid wages.
• Advanced vacation pay: Recouping vacation hours from final paychecks.
• Loans to employees: Terms and repayment upon termination.
• Employee purchases: Handling employee purchases upon termination.
• Anti-wage theft laws: Compliance requirements across states.

Who Should Attend

• Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel
• Human Resources Executives/Managers/Administrators
• Accounting Personnel
• Business Owners/Executive Officers/Operations and Departmental Managers
• Lawmakers
• Attorneys/Legal Professionals
• Any individual or entity that must deal with the complexities and requirements of paying employees

Credit(s)

IRS CPE Credits: 1 Tax hour