10 Common Misconceptions About Payroll and How to Avoid Them

TUESDAY 03 JULY 2018

DURATION: 90 Minutes

TIME : 10 AM PT  | 12:00 PM CT | 01:00 PM ET​

10 Common Misconceptions About Payroll and How to Avoid Them

Approved For Certifications

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Direct Download (e-DVD + e-transcript)

Description

Overview:

This webinar discusses 10 areas of wage and hour and tax law that when misunderstood or applied incorrectly, causes employees to be paid or taxed incorrectly with the resulting penalties, fines and interest levied on the employer. Some of these wage and hour law misconceptions can even cause the employer to overpay employees forcing unnecessarily higher labor costs.

Why You Should Attend

There are many misconceptions about what is actually required to pay employees correctly under federal and state wage and hour laws. There are some who absolutely know that it is illegal to force exempt employees to record their time (it is not) or that if you pay an employee for a holiday it must be included in the calculation for overtime under the law (it does not). Others are convinced that if they have a firm policy in place that states emphatically that overtime must be approved in advance or it will not be paid is perfectly legal not to pay the overtime (it is not).

This webinar discusses 10 areas of wage and hour law that when misunderstood or applied incorrectly causes employees to be paid incorrectly with the resulting penalties, fines and interest.  Some of these misconceptions can even cause the employer to overpay employees forcing unnecessarily higher labor costs.

Session Highlights:

Attend this webinar to understand the 10 most common areas of misconception about paying employees and to ensure that the company is handling them correctly thereby not underpaying or overpaying the employee.

  • Gift Cards are only taxable if they are over a certain dollar amount
  • Work weeks can be combined for calculating overtime on bi-weekly, semi-monthly or monthly payrolls
  • The employer gets to decide what is worked time
  • Employees do not have to be paid for sleep, travel time or other types of “unproductive time”
  • Employees have the option to skip meal periods or breaks
  • Benefit time such as holiday, sick or vacation pay must be included in the computation of overtime
  • Payments made to employees through accounts payable can be reported on a 1099-misc
  • An exempt employee cannot be forced to punch a time clock. If they did their hours exceeding 40 would be considered overtime
  • A bonus paid out of accounts payable never affects overtime
  • Overtime not approved in advance does not have to be paid

Who Should Attend:

  • Payroll Professionals
  • Human Resources
  • Accounting Personnel
  • Business Owners
  • Lawmakers
  • Attorneys, or any individual or entity that must deal with the complexities and technicalities within the payroll process

At the Q&A session following the live event, ask a question and get a direct response from our expert speaker.

Certification

Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations. 

With over 35 years of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today. 

A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA. She is also the Program Developer, Subject Matter Expert (SME), and Facilitator for the Certificate in Payroll Practice and Management Program offered by Cengage Learning / Ed2Go through hundreds of colleges and universities across the country.