Gain a better understanding of the ins and outs of payroll and avoid fines and penalties.
Paying employees is one of the most important parts of doing business. Employees work to be paid so making sure they are paid timely and correctly is crucial to your business. How do I calculate their pay? How do I know how much to withhold? How often do I pay? Which taxes do I withhold? Taxes are complex and making sure you are in compliance is very important. This is money that you are withholding from an employee's wages and there are serious consequences for not paying these taxes. Fines and penalties can be assessed for companies who fail to pay taxes properly to the extent that their business can be shut down. Laws constantly change and keeping up on payroll laws can be daunting. This topic will give you the basic knowledge of how and what items you need to pay your employees, how to calculate their pay, what taxes to withhold, how to pay in those taxes, and better knowledge of payroll in general to help keep you in compliance. Details of how to calculate taxes and what reports are required will be discussed along with how often they must be paid. If you are trying to understand more about what you are paying you will want to attend and get a better understanding of the ins and outs of payroll.
Credit
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Items Needed to Process Payroll
- W-4s
- I-9s
- Pay Information
- Time Records for Hourly Employees
- Information for Other Pay
- Deduction Information
Payroll Calculations
- Calculating Hourly Pay
- Calculating Overtime
- Salary Payments
- Calculating Deductions Correctly
Withholdings
- What Federal Taxes Need to Be Withheld?
- What State Tax Withholding Is Required?
- FICA/Medicare Tax Withholding
- Is There Any Local Tax Withholding?
- What Employer Taxes Are Required?
Payroll Tax Calculations
- How to Calculate Federal Tax Withholding
- How to Calculate State Tax Withholding
- How to Calculate FICA/Medicare Tax Withholding
- How to Calculate Local Tax Withholding
- Employer Taxes
Reporting of Withholding Taxes
- What Forms to File
- How Often Do I Withhold and Pay
- Where/How Do I Make Payments?
- What Reports Must Be Filed?
Deadlines/Penalties
- Deadlines for Tax Payments
- Penalties for Late Payments
- Penalties for Late Filing
Credit
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
MP3 Download
No credit available.
OnDemand Course
This course was last revised on September 28, 2021.
Call 1-866-352-9540 for further credit information.
- ASAP PACE 0.1
- This course is pre-approved through the American Society of Administrative Professionals (ASAP) for 0.1 CEU(s) towards your PACE Recertification.
- IAAP 1.0
- All education that aligns with the CAP Body of Knowledge can be used toward recertification. Lorman Education Services believes this course does align and should be counted toward recertification. Please visit IAAP's certification webpage to review recertification details and requirements. https://www.iaap-hq.org/page/CAP_Recertification. Course Length: 1.0.
Credit
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Debbie Cash, CPP
Employer Advantage
- Payroll tax/time and attendance specialist at Employer Advantage since 2006
- About Employer Advantage: Freedom to Succeed - Trusted more than 30 years, Employer Advantage frees business leaders from employee administrative and compliance burdens so they can focus on their business’s success
- More than a software solution, we identify a company’s individual needs and culture to create strategic and very personalized plans for service
- Our dedicated teams not only provide business leaders comprehensive management and resources, but give their employees top-notch assistance and benefits; our suite of services includes payroll, employment taxes, health and benefits, human resources, safety, workers’ compensation, OSHA, DOT, and more
- 30+ years of experience processing payroll and payroll taxes for various different companies and professions
- Builds databases and installs systems at locations across the U.S., Debbie has worked with Time America products since 2006 and Time Clock Plus since 2010
- Began a partnership in June 2018 with Kronos and is accredited in their time and labor management system and advanced scheduler solutions
- Payroll specialist at Missouri Southern State University, 1993-2006; attended the International Tax Conference in Wisconsin, 2005; specialized in international tax for student visa’s, Joplin R-8 School District, 1990-1993
- Chapter president of the Joplin Chapter of the American Payroll Association, 2006-2012; chaired the committee for their annual seminar since 2006
- Numerous awards from the APA for her volunteer service on the APA’s hotline and also for her service as chapter president
- Published several articles in PayTech, a monthly magazine put out by the APA, currently the treasurer for the chapter
- B.A. degree in general business, MSSU; associate's degree in accounting, MSSU; Certified Payroll Professional Certification
- Can be contacted at 417-782-3909 ext. 148, [email protected] or www.EmployerAdvantage.com
Credit
More Program Information
Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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