Payroll Deduction Do’s and Don’ts – Demystifying Essential Payroll Deductions in 2024

Best Practices and Avoiding Pitfalls in Payroll Deductions for the Modern Workforce!

Instructor :
Mark Schwartz

Webinar ID:
16044

Date: JUN 19, 2024 (WED)

Start Time: 10 AM PT - 11 AM PT

Duration: 75 Mins.

What you will learn

    • Pre-Tax vs. Post-Tax Deductions: Understand which deductions are pre-tax or post-tax income.
    • Mandatory Deductions: Identify required deductions and explain their necessity to employees.
    • Voluntary Deductions: Learn which voluntary deductions are beneficial to employees.
    • Business Expense Deductions: Discover when business expenses can be deducted from payroll.
    • Avoiding Common Mistakes: Learn to prevent ….
    • Pre-Tax vs. Post-Tax Deductions: Understand which deductions are pre-tax or post-tax income.
    • Mandatory Deductions: Identify required deductions and explain their necessity to employees.
    • Voluntary Deductions: Learn which voluntary deductions are beneficial to employees.
    • Business Expense Deductions: Discover when business expenses can be deducted from payroll.
    • Avoiding Common Mistakes: Learn to prevent common employer errors in payroll deductions.
    • Wage Garnishments: Understand wage garnishments and their impact on payroll processing.
    • Penalties for Non-Compliance: Know the risks and penalties for payroll non-compliance.

Course Description

Navigating payroll deductions can be complex, especially as we progress in our careers and new responsibilities arise.

In this webinar, “Payroll Deduction Guidelines for HR Professionals,” we’ll explore the nuances of payroll deductions and how they impact your organization’s compliance and employee satisfaction.

While many start their careers only noticing federal and state taxes, the landscape becomes more intricate as employers offer various benefits, from health insurance to retirement plans. Some are pre-tax, others are post-tax, and understanding the implications is crucial.

This webinar will guide you through these complexities, ensuring you are up to date with the latest regulations and industry trends.

Payroll deductions can also include garnishments, whether for unpaid taxes, court-ordered payments, or other legal obligations.

Understanding the correct process for these deductions and their legal ramifications is vital for compliance and avoiding costly errors.

We will cover the do’s and don’ts to ensure:

    • Accurate payroll processing
    • Safeguard employee rights
    • Maintain compliance with federal and state laws.

Join us for this insightful session, where you’ll learn best practices, common pitfalls, and how to navigate the payroll deduction landscape with confidence.

Whether you’re an experienced HR professional or new to the field, this webinar will provide valuable insights to help you manage payroll deductions effectively and legally.

Join Now!

Navigating payroll deductions can be complex, especially as we progress in our careers and new responsibilities arise.

In this webinar, “Payroll Deduction Guidelines for HR Professionals,” we’ll explore the nuances of payroll deductions and how they impact your organization’s compliance and employee satisfaction.

While many start their careers only noticing federal and state taxes, the landscape becomes more intricate as employers offer various benefits, from health insurance to retirement plans. Some are pre-tax, others are post-tax, and understanding the implications is crucial.

This webinar will guide you through these complexities, ensuring you are up to date with the latest regulations and industry trends.

Payroll deductions can also include garnishments, whether for unpaid taxes, court-ordered payments, or other legal obligations.

Understanding the correct process for these deductions and their legal ramifications is vital for compliance and avoiding costly errors.

We will cover the do’s and don’ts to ensure:

    • Accurate payroll processing
    • Safeguard employee rights
    • Maintain compliance with federal and state laws.

Join us for this insightful session, where you’ll learn best practices, common pitfalls, and how to navigate the payroll deduction landscape with confidence.

Whether you’re an experienced HR professional or new to the field, this webinar will provide valuable insights to help you manage payroll deductions effectively and legally.

Join Now!

Why you should attend

As an employer, keeping up with payroll deduction rules is crucial. Not following them can lead to serious consequences, from fines to legal disputes.

If you manage payroll, it’s essential to understand not just federal and state tax withholding, but also what else is mandated and which deductions are voluntary. Failing to withhold correctly or deducting what you shouldn’t can put your organization at risk.

Federal Labor Standards Act (FLSA) guidelines can be complex, especially regarding business expenses and their impact on lower-paid workers.

Knowing what is pre-tax and what isn’t can make a significant difference in your payroll processing. This knowledge is vital to avoid costly errors.

Employers often get into trouble with deductions, facing penalties, interest, and even employee debts.

The Department of Labor can impose fines for non-compliance with FLSA rules. Moreover, many states have even stricter regulations, adding to the complexity. Understanding the differences between wage garnishments and levies is also crucial to stay compliant.

Join Mark Schwartz for this webinar on Payroll Deduction Do’s and Don’ts. He will guide you through the intricacies, offering a comprehensive look at what you need to know to stay on the right side of the law.

Don’t miss this opportunity to protect your organization from legal risks and ensure accurate payroll deductions.

Enroll Now!

As an employer, keeping up with payroll deduction rules is crucial. Not following them can lead to serious consequences, from fines to legal disputes.

If you manage payroll, it’s essential to understand not just federal and state tax withholding, but also what else is mandated and which deductions are voluntary. Failing to withhold correctly or deducting what you shouldn’t can put your organization at risk.

Federal Labor Standards Act (FLSA) guidelines can be complex, especially regarding business expenses and their impact on lower-paid workers.

Knowing what is pre-tax and what isn’t can make a significant difference in your payroll processing. This knowledge is vital to avoid costly errors.

Employers often get into trouble with deductions, facing penalties, interest, and even employee debts.

The Department of Labor can impose fines for non-compliance with FLSA rules. Moreover, many states have even stricter regulations, adding to the complexity. Understanding the differences between wage garnishments and levies is also crucial to stay compliant.

Join Mark Schwartz for this webinar on Payroll Deduction Do’s and Don’ts. He will guide you through the intricacies, offering a comprehensive look at what you need to know to stay on the right side of the law.

Don’t miss this opportunity to protect your organization from legal risks and ensure accurate payroll deductions.

Enroll Now!

Course Agenda

I. Pre-Tax vs. Post-Tax Deductions

    • Learn which deductions are pre-tax and which are post-tax.
    • Discover how to explain the benefits of reducing taxable income through pre-tax deductions to employees.

II. Mandatory Deductions

    • Understand which deductions are required by law and their purposes.
    • Learn how to explain these mandatory deductions to employees.
    • Find out the consequences of not withholding mandatory deductions.

III. Voluntary Deductions

    • Identify voluntary deductions and understand the rules and regulations surrounding them.
    • Get tips on discussing the advantages and disadvantages of voluntary deductions with employees.

IV. Business-Related Expense Deductions

    • Learn when business-related expenses can and cannot be deducted from employee paychecks.
    • Find out where to access information on state-specific rules and regulations, which often differ from federal rules.

V. Common Mistakes and How to Avoid Them

    • Explore common mistakes employers make regarding payroll deductions and best practices to avoid them.

VI. Examples Relevant to Most Businesses

    • Review specific examples that are beneficial to most businesses in terms of payroll deductions.

VII. Wage Garnishments and Third-Party Deductions

    • Understand wage garnishments and how to comply with the rules.
    • Learn about other third-party deductions and the correct process for withholding.

VIII. Penalties for Non-Compliance

    • Discover the penalties associated with non-compliance with payroll deduction rules.
    • Understand the impact of non-compliance on your organization and how to avoid it.

BONUS:

  1. PDF copy of the presentation handout for your future reference.
  2. Soft copy of the certificate of completion on request.
  3. Q&A Session with the Presenter: Get your pressing questions answered verbally, via chat or email.

I. Pre-Tax vs. Post-Tax Deductions

    • Learn which deductions are pre-tax and which are post-tax.
    • Discover how to explain the benefits of reducing taxable income through pre-tax deductions to employees.

II. Mandatory Deductions

    • Understand which deductions are required by law and their purposes.
    • Learn how to explain these mandatory deductions to employees.
    • Find out the consequences of not withholding mandatory deductions.

III. Voluntary Deductions

    • Identify voluntary deductions and understand the rules and regulations surrounding them.
    • Get tips on discussing the advantages and disadvantages of voluntary deductions with employees.

IV. Business-Related Expense Deductions

    • Learn when business-related expenses can and cannot be deducted from employee paychecks.
    • Find out where to access information on state-specific rules and regulations, which often differ from federal rules.

V. Common Mistakes and How to Avoid Them

    • Explore common mistakes employers make regarding payroll deductions and best practices to avoid them.

VI. Examples Relevant to Most Businesses

    • Review specific examples that are beneficial to most businesses in terms of payroll deductions.

VII. Wage Garnishments and Third-Party Deductions

    • Understand wage garnishments and how to comply with the rules.
    • Learn about other third-party deductions and the correct process for withholding.

VIII. Penalties for Non-Compliance

    • Discover the penalties associated with non-compliance with payroll deduction rules.
    • Understand the impact of non-compliance on your organization and how to avoid it.

BONUS:

  1. PDF copy of the presentation handout for your future reference.
  2. Soft copy of the certificate of completion on request.
  3. Q&A Session with the Presenter: Get your pressing questions answered verbally, via chat or email.

Who is this course for

Maximize The Learning Experience in A Group Setting!

  • Payroll Managers/Supervisors
  • Human Resources Managers/Professionals
  • Tax Compliance Specialists
  • Accounting Managers/Professionals
  • Benefits Administrators
  • Finance Managers/Professionals
  • Small Business Owners
  • HRIS (Human Resources Information System) Managers/Professionals
  • Compensation and Benefits Managers/Professionals
  • Payroll Administrators/Coordinators
  • Executive Staff
  • Auditors and Reviewers

Maximize The Learning Experience in A Group Setting!

  • Payroll Managers/Supervisors
  • Human Resources Managers/Professionals
  • Tax Compliance Specialists
  • Accounting Managers/Professionals
  • Benefits Administrators
  • Finance Managers/Professionals
  • Small Business Owners
  • HRIS (Human Resources Information System) Managers/Professionals
  • Compensation and Benefits Managers/Professionals
  • Payroll Administrators/Coordinators
  • Executive Staff
  • Auditors and Reviewers

Instructor Profile

Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of...

Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of 20 ongoing audits, from small home-based businesses to large multi-national corporations. He is expert at defining regulatory and statutory requirements from local, State and Federal government agencies; and helping the average businessperson understand what that means to their business. He has processed weekly and bi-weekly payroll checks plus tax forms for businesses with hourly as well as exempt workers, multistate operations and a wide variety of benefits.

Mr.Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. Mark has represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting your employees.

Mark prides himself on his outstanding customer service skills. He listens attentively to his clientele, helping them bridge the gap between the small business world and Government bureaucracy. He eagerly assists with clients needs and feels that educating clients toward faster, accurate and more complete payroll processes provide the most value.

Mark is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. Mark is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.

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