Payroll Deduction overview
This webinar will give a general overview of the types of deductions that employers take from an employee’s check. We will review the laws that surround all types of deductions you can take with or without employee consent along with proper calculation of the deductions. This webinar will give you the knowledge to be sure that how you process employee payroll deductions are in accordance with the law for both a federal and state level.Learning ObjectivesBenefits Deductions 1. Before tax and after tax deductions 2. Cafeteria 125 DeductionsGarnishment Deductions 1. Child support limits and beyond 2. Federal and State Tax Levies 3. Creditor GarnishmentsTaxation 1. Mandatory taxes versus courtesy taxationEmployer Deductions 1. Overpayments 2. Advances and Employee Loans 3. Non- Cash overpayment legality A. Cash Drawer Shortage B. Theft C. UniformsWho Should AttendPayroll and Accounting ProfessionalsHR ProfessionalsPayroll ProfessionalsAccountingTopic BackgroundFederal and State law reviewsUnderstanding the difference between a required tax deduction and tax deductions that the employees are not required to withholdProper garnishment calculation based on the federal Consumer credit protection actHow to properly refund before tax deductionsWhat deductions require employee written consentWhat to be cautious of in regards to employee payroll deductions according to the State DOLSpecial IRS rules for Loan and Advances given to employees
Single
This webinar will give a general overview of the types of deductions that employers take from an employee’s check. We will review the laws that surround all types of deductions you can take with or without employee consent along with proper calculation of the deductions. This webinar will give you the knowledge to be sure that how you process employee payroll deductions are in accordance with the law for both a federal and state level.
Learning Objectives
- Benefits Deductions
1. Before tax and after tax deductions
2. Cafeteria 125 Deductions
- Garnishment Deductions
1. Child support limits and beyond
2. Federal and State Tax Levies
3. Creditor Garnishments
- Taxation
1. Mandatory taxes versus courtesy taxation
- Employer Deductions
1. Overpayments
2. Advances and Employee Loans
3. Non- Cash overpayment legality
A. Cash Drawer Shortage
B. Theft
C. Uniforms
Who Should Attend
- Payroll and Accounting Professionals
- HR Professionals
- Payroll Professionals
- Accounting
Topic Background
- Federal and State law reviews
- Understanding the difference between a required tax deduction and tax deductions that the employees are not required to withhold
- Proper garnishment calculation based on the federal Consumer credit protection act
- How to properly refund before tax deductions
- What deductions require employee written consent
- What to be cautious of in regards to employee payroll deductions according to the State DOL
- Special IRS rules for Loan and Advances given to employees