Critical Factors and Complexities in Payroll 201 2012

Topics

• How to dock a salaried employee correctly under the FLSA?
• How to pay white collar exempt employees properly using the salary basis rule?
• Travel pay—when is it time worked
• How to handle FMLA leave and an exempt employee`s salary?
• Does an employee who is paid on a fluctuating workweek basis need to be paid overtime
• How vacation, sick pay or holidays affect overtime and hours worked?
• Proper taxation of fringe benefits including: personal use of a company car or aircraft; auto allowances; moving expenses; third party sick pay; meals and lodging; memberships; stipends; gift cards; and cell phones
• Calculating weighted averages for multiple hourly rates when an employee works overtime
• Proper taxation of multistate employees
• Using the special accounting rule for fringe benefits correctly
• Handling expatriates, resident and nonresident aliens correctly for taxes
• Taxation and reporting of tips
• Proper handling under the IRC of overpayment of wages
• Identifying and reporting abandoned wages
• Completing and correcting Forms 940, 941, and W-2
• Reconciling the payroll each quarter and at year end to ensure accurate reporting to the IRS

Who should Attend

Payroll supervisors, Payroll managers and other payroll professionals.