Payroll Reconciliation and Reporting - Getting it Right the First Time
Friday, 30 November 2018 09:30 AM PST, 12:30 PM EST
Training Duration = 60 min Sponsored by Online Compliance Panel
Depending on the size and complexity of your business, payroll presents a litany of challenges, even before the paychecks are printed. What you do after payroll runs is as important as making payroll run.
Proper reconciliation practices lead to accurate reporting. Coupled with timely depositing, payments and information return processing, the payroll manager becomes an unsung hero to most businesses.
You will learn how to help yourself and the rest of your company sleep better knowing both your workers and the government are happy with payroll.
Why Should You Attend:
Do you have an effective and thorough reconciliation process to catch payroll errors? Are you withholding and reporting all non-statutory and statutory deductions correctly?
It's the payroll professional's responsibilities to have effective payroll reconciliation and reporting processes to verify and to ensure employees are paid timely and accurately. If not managed correctly, it can be costly to an employer and in some cases it can lead to internal and external audits.
Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of 20 ongoing audits, from small home-based businesses to large multi-national corporations.
He is expert at defining regulatory and statutory requirements from local, State and Federal government agencies; and helping the average businessperson understand what that mean to their business. He has processed weekly and bi-weekly payroll checks plus tax forms for businesses with hourly as well as exempt workers, multistate operations and a wide variety of benefits.