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EncartaLabs

Payroll Practice and Management

( Duration: 5 Days )

This Payroll Practice and Management training course will help you navigate ever-changing payroll rules and regulations, so you can succeed as a payroll professional. You will learn all facets of payroll from basic laws to complex areas like fringe benefits, taxation, and garnishments.

Upon successful completion of this Payroll Practice and Management workshop, delegates will learn to:

  • Gain knowledge of taxation regulations pertaining to payroll
  • Gain experience in reading and understanding tax requirements, their interpretation, and application
  • Learn tax deposit requirements
  • Gain knowledge in pay periods and their affect on taxation
  • Understand the basics of fringe benefits relocation, and personal use of a company vehicle
  • Become familiar with what taxes expatriates and non-resident's are subject to
  • Understand the basics of organizing a year-end season in a payroll department
  • Gain knowledge in writing payroll procedures and manuals and managing payroll staff

COURSE AGENDA

1

Wage and Hour Law

  • Introduction to the Act
    • History of Act
    • Rules of Coverage
    • Jurisdiction
  • Classification of Workers
    • Employees
    • Independent Contractor
    • Statutory Employees
    • Statutory Non-employees
    • Leased Employees
  • White Collar Exemptions
    • Definition of Exempt and Nonexempt
    • Four Categories of Exempt
    • Salary Basis Requirements
    • Other Categories of Exempt
  • Calculating Gross Pay
    • Constructive Receipt
    • Minimum Wage
    • Regular Rate of Pay
    • Overtime and Hours Worked Definitions and Calculations
    • Defining the Legal Workweek
    • Defining the Legal Workday
    • State Requirements
  • Other Requirements
    • Posting Requirements
    • Deductions From Pay
    • Compensatory Time Off
  • Specialized Payrolls, Employees, or Regulations
    • Overview of Other Wage and Hour Acts
    • Public Sector Employees
    • Hospital Employees
    • Agricultural Employees
    • New Hire Reporting
    • Child Labor
      • Maximum Hours
      • Minimum Wage
      • Legal Ages
2

Taxation and Compensation

  • Payroll Taxes
  • Multistate Taxation
  • Wages and Compensation
    • What Are Wages?
    • Other Compensation
  • Supplemental Wages and Pay Periods
  • Special Compensation and Wages
    • Business Expenses
    • Tips
    • Deceased Employee Wages
  • Reporting
    • Wage and Tax Reports
    • State Equivalent
    • Multiple Worksite Reports
3

Fringe Benefits, Compensation, and Taxation

  • Deferred Compensation
  • Flexible Spending Accounts
  • Third-party Sick Pay
  • Group Term Life Insurance
  • Personal Use of a Company Vehicle
  • Relocation
  • Incentive Stock Options
  • Nonqualified Stock Options
  • Employee Stock Option Plans
  • Nonqualified Deferred Comp Plans
  • Expatriate Employees
  • Resident and Nonresident Aliens
4

Payroll Management and Year-end Reporting

  • Payroll Procedures
  • Manual Check Policy
  • Staff training
  • Internet Resources
  • Dealing With the Tax Department
  • Record Retention
  • Direct Deposit
  • Earned Income Credit
  • Year-end Form Review
  • Preparing For Year End

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 50,000 Corporate executives across the Globe
  • All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

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