Handling Payroll Overpayments

Speaker

Instructor: Dayna Reum
Product ID: 706672
Training Level: Basic to Advance

Location
  • Duration: 60 Min
This webinar will give participants the tools to analyze all types of employee overpayments and how the handle proper taxation, and meeting federal and state laws that affect how overpayments are properly handled. Laws in the deduction of pay from employees have changed in several states within the last couple of years; this webinar will give you the skills to properly handle these new laws.
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Why Should You Attend:

As much as payroll professionals complete audits and validations each payroll, unfortunately mistakes happen and employees get overpaid. Once an employee has been overpaid getting the money back is only one challenge, payroll professionals are faced with how to untangle the tax and compliance requirements when getting money back from employees.

  • Review of different types of overpayments from regular pay to non-cash items such as laptops given to employees.
  • Discuss employee loans and advances and how to handle them
  • Discuss the tax implications of overpayments made in current year and those made in a prior tax year.
  • Special year end reporting concerns for employees that have been overpaid.
  • What are the best methods of repayment
  • What special state and federal laws should be considered when collecting overpayments
  • Understanding the impact of overpayments may be different for hourly employees versus salaried employees.
  • Review the IRS “claim of right rule”
Areas Covered in the Webinar:
  • Type of Overpayments
    • Regular pay/Bonuses
    • Loans/Advances
    • Non-cash overpayments
  • Tax Considerations
    • Overpayments in the current year
    • Overpayments in a prior year
    • Year end Reporting
  • Federal & State Law
    • Minimum Wage
    • State Laws
    • Methods of Repayment
Who Will Benefit:
  • Payroll and HR Professionals
Instructor Profile:
Dayna Reum

Dayna Reum
Director of Payroll Operations, Ann & Robert H. Lurie Children's Hospital

Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

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Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange. Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time. On-Demand Recording purchases will not be refunded as it is available for immediate streaming. However if you are not able to view the webinar or you have any concern about the content of the webinar please contact us at below email or by call mentioning your feedback for resolution of the matter. We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email [email protected]com call +1-888-717-2436 (Toll Free).

 

 

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