Overcoming Unusual Pay Situations
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Gain a better understanding of laws that affect how you handle all kinds of pay situations.As much as payroll professionals like to think our job is about producing a paycheck each pay period and making sure employees have accurate pay each pay period, it is not always that easy. Employees get overpaid. They end employment with our companies for all kinds of different reasons, and we need to be prepared to handle these situations and know how to properly handle them according to state and federal laws. A review of employee terminations and final pay requirements will be discussed in detail from the federal and state level. All types of terminations from death to voluntary terminations will be discussed so you will have a better understanding of payment timing, methods and taxation. Overpayments and laws around taxation and recouping funds from both active and terminated employees will also be discussed in detail.
AuthorsDayna J. Reum, CPP, FPC, Dayna J. Reum
Deceased Employee Pay
• Who Should the Employer Pay and What Documentation Should Be in Place Before Payment?
• State Law Review and How to Apply
• How to Handle Taxation and Year End Reporting for Deceased Wages
Disaster Recover Planning
• Evaluation of Processes
• How to Put Together a Quality Business Continuity Plan to Protect Your Organization
• Validating the Plan Is Complete and Maintenance of the Plan
• Understanding the Importance of the Overpayment Details
• What Laws Does the Payroll Professional Need to Keep in Mind When Handling a Payroll Overpayment?
• Taxation Corrections and Reporting Requirements
• Advances and Employee Loans and How They Should Be Handled
• Laws to Consider When Deciding to Pay Employees During Incremental Weather
• Examples of Best Practices of How Employers Handle Incremental Weather Pay
• Tax Depositing and Reporting During Incremental Weather