This will be a all inclusive class that give details on understanding the laws such as FLSA and other laws such as the portal to portal act that help payroll professionals determine proper pay methods. Once the correct pay method is determined this class will give the skills to understand how to properly calculate overtime pay accurately according to FLSA guidelines for all types of payrolls. The assist in the learning process case studies will be provided and worked with instructor guidance. Discussions in regards to properly classifying employees for both overtime and tax purposes will be reviewed. Understanding taxable income and how to determine how taxable income should be handled. State tax liability will be discussed. High level discussion in regards to tax reporting forms what they are and how to handle them properly. We will finish with payroll accounting and learning about Debits and Credits so payroll professionals can better understand the needs of their accounting partners. Participants will hear about recent court cases in regards to these topics and participate in case studies throughout the 2 days.
Why should you attend:
This 2 day will give the participant the tools to be a well rounded payroll professional or the understanding of the complexities of payroll for professionals that support the payroll function. This class will cover everything from determining gross wages and calculating overtime to understanding taxable gross. It will also cover the basic accounting of payroll so payroll professionals can better partner with their accounting teams.
Who will benefit:
Lecture 1: Introduction
Lecture 2: Fair Labor Standards Act (FLSA)
Lecture 3: Exempt Vs. Non-Exempt
Lecture 4: Compensatory Time
Lecture 5: Calculating and Understanding overtime
Lecture 6: Laws Affecting Payroll
Lecture 7: Paying Employees
Lecture 1: Taxation Basics
Lecture 2: Taxable Income
Lecture 3: Tax Reporting
Lecture 4: Payroll Accounting
Richmond, VA | February 26th & 27th, 2015$795.00 (Seminar for One Delegate)
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