Answers to Top 10 Common Payroll Questions

Agenda

Overview

• Welcome
• Overview of the Presentation's Purpose and What Attendees Will Learn.

How Do I Create a New Employee Onboarding Package?

• Go Beyond Just Forms
• Essential Components of a Complete Onboarding Package, Ensuring New Hires Have All Necessary Information, Resources, and Documents for a Smooth Start, Including Payroll-Related Setup.

How Do I Ensure Employee Payroll Data Privacy and Security?

• Understand the Critical Importance of Safeguarding Sensitive Employee Payroll Information.
• Best Practices for Maintaining Confidentiality, Ensuring Data Security, and Complying With Privacy Regulations to Build Trust and Prevent Breaches.

How Do I Set up Payroll Correctly in an Accounting Software Program and With Third-Party Providers?

• We'll Walk You Through the Essential Steps for Setting up Payroll Accurately, Whether You're Using an Internal Accounting Software Solution or Integrating With a Third-Party Payroll Service.

What Are Payroll Cycles?

• Understand the Different Types of Payroll Frequencies (e.g., Weekly, Bi-Weekly, Semi-Monthly, Monthly) and Their Implications for Pay Calculations, Tax Deposits, and Managing Deadlines.

What Are Payroll Taxes and How Do I Handle Them?

• Get a Clear Overview of the Common Types of Payroll Taxes (e.g., FICA, Federal Income Tax, State Taxes, Unemployment Taxes)
• Learn the Essential Steps for Correctly Registering, Withholding, Depositing, and Reporting Them.

How Do I Ensure Accuracy in Payroll Processing, From Time Entry to Final Paycheck?

• Discover Best Practices and Simple Strategies to Minimize Errors Throughout Your Payroll Process, From Correctly Tracking Hours to Verifying Final Pay Calculations.

How Do I Properly Handle Garnishments and Deductions or Employee Reimbursements?

• Navigate the Complexities of Mandatory Garnishments, Various Voluntary Deductions
• Accurately Process Employee Reimbursements to Ensure Proper and Compliant Paychecks.

How Do I Best Handle Payroll Inquiries When Payday Falls on a Holiday or Weekend?

• Learn How to Proactively Manage Employee Expectations
• Maintain Smooth Payroll Operations When Paydays Conflict With Holidays or Weekends.

How Do I Calculate and Process Final Paychecks for Terminating Employees, Including Unused PTO and Other Entitlements?

• Learn the Critical Steps for Preparing Accurate Final Paychecks for Employees Leaving Your Company, Covering Common Components Like Accrued Paid Time off and Other Final Entitlements.

How Do I Fix Payroll Errors (e.g., Overpayments, Missed Taxes)?

• Mistakes Happen but Knowing How to Correct Them Quickly and Compliantly Is Key.
• Common Payroll Errors and Practical Steps for Resolution.

Questions and Answers

• Address Audience Questions.
• Final Wrap-up and Thank You.

Credits

Faculty

Donna Wright

Doing Books Right

• Founder and Owner of Doing Books Right, established in 2005.
• Freelance full charge bookkeeping since 1999.
• Certified Bookkeeper, QuickBooks ProAdvisor
• Master level bookkeeper, with over twenty years’ experience in Full Charge Bookkeeping, QuickBooks, GAAP, accounting clean up, management, and payroll.
• Wide range of expertise regarding clean up and set up of various entities from the private sector such as agriculture, gas stations, food services, wholesale, construction, and retail to non-profit churches, rescues, leagues, schools, and the healthcare industry.
• Consultant and trainer who works with businesses to clean up their books, understand and develop long-lasting procedures for maintaining accurate financial reports. Development and implementation of Standard Operating Procedures.
• Can be contacted at (209) 331-4141, [email protected] or www.doingbooksright.net