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OnDemand Webinar

Cut Costs and Increase Productivity: Using Shared Services and Common Paymaster

Employees interact with numerous service-oriented departments during the course of their work life. These departments include payroll, human resources, compensation, benefits and even accounts payable. Each separate interaction wastes precious company time. Employees desiring services must visit the individual departments, make separate phone calls and e-mails, and complete multiple forms with sometimes redundant general information. Service employees must also spend time completing forms and making calls. In addition, service employees must also enter information in multiple data bases, seek reviews and obtain approvals. The process results in erosion of employee morale, productivity and your company's bottom line. This OnDemand Webinar demonstrates a positive way to improve these processes by consolidating all of them into one "shared services" environment.

Establishing a common paymaster, in conjunction with a shared services environment or alone, can cut costs on social security, Medicare, FUTA and in some cases, SUI taxes. This IRS permitted method can allow two or more related corporations employing the same individual at the same time to be considered a single employer. By doing so, they pay no more in total social security and Medicare taxes than a single employer would pay. And paying less in taxes is always good for the company's bottom line.


Runtime: 87 minutes
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Why Lorman?

Over 32 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

Shared Services

  • What Is Shared Services?
  • What Are the Advantages to Creating a Shared Services Environment?
  • How Employee Morale, Error Rates and Productivity Are Affected by Using Shared Services
  • How Call Centers Can Be a Vital Link to a Successful Shared Services Environment
  • What Needs to Be Taken Into Consideration When Establishing a Shared Services Environment?

Common Paymaster

  • What Exactly Is a Common Paymaster?
  • What Steps Are Necessary to Establish a Common Paymaster for Your Employees?
  • Applying Common Paymaster Rules to Social Security, Medicare, FUTA but Not Withholding Taxes
  • If Using a Common Paymaster Who Deposits the Taxes, Files the Reports and Completes the Form W-2
  • What Is the Difference Between Common Paymaster and Common Pay Agent?
  • Where Do the States Stand on Common Paymaster - Who Permits It ... Who Forbids It?

Combining Shared Services Environments and Common Paymaster

  • If Establishing a Shared Services Environment Do I Have to Also Use Common Paymaster?
  • Is a Shared Services Environment Necessary to Use Common Paymaster?
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Why Lorman?

Over 32 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

OnDemand Webinar

This course was last revised on February 2, 2011.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 32 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

Vicki M. Lambert, CPP

Vicki M. Lambert, CPP

Vicki M. Lambert, LLC

  • President and academic director of Vicki M. Lambert, LLC, a firm specializing in payroll education and training
  • Known as “The Payroll Advisor™”, she is founder and director of www.thepayrolladvisor.com a website that provides unique and expert services for lawmakers, attorneys, media organizations, upper management, payroll and human resources professionals, individuals or any entity that must deal with the complexities and technicalities of the payroll process
  • Certified payroll professional with more than 30 years of multistate payroll experience making her one of the most respected authorities in the payroll and related fields
  • Lectured extensively throughout the United States on payroll administration and compliance issues for clients that include ADP, CCH Incorporated, Ceridian Employer Services, Fox Studios, County of Riverside, Sun Microsystems and many others
  • Wrote, co-wrote or edited numerous payroll publications and newsletters for many of the most prestigious publishing houses, including John Wiley & Sons, Bureau of National Affairs, Institute of Management & Administration, Commerce Clearing House and Thompson Publishing
  • B.A. degree in business administration, magna cum laude
  • Can be contacted at [email protected]
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Why Lorman?

Over 32 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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Pay once and get a full year of unlimited training in any format, any time!

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Product ID: 385909
Published 2011
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