Payroll Fundamentals Live Online Training

 Payroll Training Navigating the many federal, state, and local regulatory requirements that oversee the accurate and timely payment of employee wages requires understanding each of the different steps in the company payroll process. Understanding how to identify different employee types is a critical first step. Once the employee type is identified, calculating the wages for the compensable time (to include overtime) is essential to ensure an employee’s gross wages are accurate. One of the final steps in the payroll process will include various pay deductions, garnishments, and employee taxation – all leading to the final net pay. The basic payroll cycle will close with the calculation and management of the tax liability payment processing and reporting. The accurate completion of each of these steps will ensure the correct and timely handling of the largest expense of your company and the security of your greatest asset (the employee).

Learning Objectives

• You will be able to define the compensable time for different employee types.

• You will be able to describe how garnishments and overtime are calculated.

• You will be able to discuss the calculation and payment of employment taxes.

• You will be able to explain overtime calculations to employees.

Agenda

Defining Employee Status

• Common-Law Employee vs. Independent Contractors

• Statutory and Non-Statutory Employees

• Exempt vs. Nonexempt

Paying Employees

• Minimum Wage Differences

• Compensable Time

• Calculating Overtime

Calculating the Paycheck

• Allowable Deductions and Garnishments

• Employee Taxation Calculations

• Employer Liabilities and Payments

Who should attend?

This live webinar is designed for Human Resource Seminars, payroll professionals, benefits professionals, accountants, presidents, vice presidents, business owners, and managers, bookkeepers, controllers, and CFOs.