How to Recover Wage Overpayments 2019

Instructor: Patrick A Haggerty
Product ID: 706239
  • 20
  • November 2019
    Wednesday
  • 10:00 AM PST | 01:00 PM EST
    Duration: 90 Min
This webinar will discuss the issues that arise when an overpayment has been made and address the requirements that must be followed to help the payroll department establish a clear policy on handling overpayments that keep it in compliance with federal and state laws and regulations.

Live Online Training
November 20, Wednesday 10:00 AM PST | 01:00 PM EST | Duration: 90 Min

$199.00
One Dial-in One Attendee
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recorded version

$249.00
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Recorded Link and Ref. material will be available in My CO Section 48 hrs after completion of Live training

Training CD / USB Drive

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CD/USB and Ref. material will be shipped within 15 business days after completion of Live training

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Read Frequently Asked Questions

Why Should You Attend:

Wage overpayments can be a source of significant cost in terms staff time spent in analysis and correction. Compliance issues and errors made during the correction process can add to the costs. In the case of overpayments, employers must abide by federal and state wage laws, and cannot simply deduct money from an employee's paycheck. In some cases, this could result in a violation of minimum wage or overtime rules or the requirement to pay full salary to exempt employees. In a number of states, employers may not recover wage overpayments through payroll deduction without the consent of the employee.

In this session expert speaker, Patrick Haggerty will discuss the issues that arise when an overpayment has been made. It will address the requirements that must be followed to help the payroll department establish a clear policy on handling overpayments that keep it in compliance with federal and state laws and regulations.

Understanding your compliance obligations and responsibilities to your employees is critical. Recovery of an overpayment may also create reporting and recordkeeping issues related to taxes and fringe benefits. Use of improper or illegal recovery methods may lead to the imposition of fines, penalties, or other sanctions on an employer. This webinar from expert Patrick A Haggerty will give participants the tools to analyze all types of employee overpayments and when overpayments may be recovered using payroll deduction and when payroll deduction may be limited by state or federal wage and hour laws or when employee consent is required.

Learning Objectives:

  • Know the common causes of wage overpayments
  • Understand how company policies and controls can minimize wage overpayments or mitigate the effects of wage overpayments
  • Know the federal and state rules with regard to recovery of overpayments and the consequences of non-compliant recovery methods
  • Understand the procedures for reporting recovery of wage overpayments during the year of overpayment, a subsequent year, and for partial repayments. This includes discussion of special problems with fringe benefits based on wages and corrections or amendments to payroll and wage reports such as Forms 941 and W-2
  • Know how to compute and report tax adjustments for repayments
  • Best practices for avoiding, detecting, and controlling wage overpayments
  • Employment terminations will be discussed as an area of particular susceptibility to wage overpayments and how problems related to terminations can be minimized
  • How establishment and communication of employer policies and internal controls can prevent overpayments and minimize costs
  • Tax computations when there is a partial recovery
  • The common causes of overpayments such as late termination paperwork, leave of absence errors and failure to terminate automatic payments

Who Will Benefit:

  • Payroll Consultants
  • Payroll Service Providers
  • Public Accountants
  • Internal Auditors
  • Tax Compliance Officers
  • Enrolled Agents
  • Employee Benefits Administrators
  • Officers and Managers with Payroll or Tax Compliance Oversight
  • Company / Business Owners
  • Managers/ Supervisors
  • Public Agency Managers
  • Audit and Compliance Personnel / Risk Managers
  • HR Professionals
Instructor Profile:
Patrick A Haggerty

Patrick A Haggerty
Owner, Patrick A. Haggerty, Tax and Accounting Services

Patrick A. Haggerty is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice. He began teaching accounting at the college level in 1988. He is licensed as an Enrolled Agent by the U. S. Treasury to represent tax payers at all administrative levels of the IRS and is a Certified Management Accountant. He has written numerous articles and a monthly question and answer column for payroll publications. In addition, he regularly develops and presents webinars and presentations on a variety of topics including payroll tax issues, FLSA compliance, and information return reporting.

Follow us :
Understanding and Navigating California Leaves of Absence
Project Management for Human Resources

Refund Policy

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.

If you have any concern about the content of the webinar and not satisfied 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 customercare@complianceonline.com call +1-888-717-2436 (Toll Free).

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