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Payroll Rules & Administration Made Simple: Proper Classification & Payment of Employees & Contractors

Tuesday, 16 July 2019  11:30 AM PDT, 02:30 PM EDT

Training Duration = 75 Min                    Sponsored by Online Compliance Panel

Click Here to register $199.00

Click Here to register and receive CD recording $279.00

Join this session by expert speaker Carl Young to understand the complete context of payroll rules and administration made simple. It starts with the basic classification of workers properly classified as Contractors or Workers.

Simple understanding of rules and administration of Payroll to include: Determining Employees vs. Contractors, Guidelines & payment of Contractors. Definition of workers as either Employees or Contractors and the governing guidelines of determination.

Specific IRS criteria established for Contractors. Employees are identified as Exempt or non-exempt, proper payment of Exempts & Non-exempts, proper payment of overtime and bonuses explored as per the guidelines of the FLSA Fair Labor Standards Act.

All relevant payroll laws, guidelines, polices examined to ensure proper classification and payment of all workers.

Objectives of the Presentation:

  • Proper classification of workers as contractors or employees
  • Proper classification of employees as exempt or non-exempt under new rules
  • Importance of job description in implementation of new rules
  • Proper implementation of FLSA rules
  • Proper payment of exempt and non-exempt under FLSA rules
  • Achieving perfection and prevention consistent with the implementation of FLSA rules The overall goal of perfection and prevention in payroll administration
  • Identifying workers as contractors vs. employees
  • Identifying employees as exempt from overtime using FLSA rules in the categories of
    • Executive
    • Administration
    • Professional
    • Computer Professionals
    • Sales
  • Salary and duties test under FLSA for exempt employees
  • The value of the job description and its proper preparation
  • Consideration of record keeping, accounting & reporting, policies & procedures
  • Proper payment to newly classified exempt and those that by default fall to the non-exempt category
  • How to handle non-discretionary bonuses consistent with paying overtime and the new overtime rules
  • Achieving perfection & prevention in payroll consistent with new rules

Why Should You Attend:

Payroll is most important aspect of any business. It leads to employee morale. It must be perfect and comply with all the rules and established policies. This webinar examines all the payroll rules of the FLSA and how to implement them to achieve perfection.

It further outlines policies needed by companies to augment FLSA rules & policies. It is a simple approach to payroll rules and administration guaranteed to give attendees a good working knowledge of payroll rules & administration in simple to understand and apply tools & techniques.

Instructor Profile:

Carl Young is the owner of Carl Young Consulting, where he works as a turn-around consultant and business coach. Mr. Young is the former Chief Accountant and CFO of a $275M high growth technology company.

Mr. Young has published numerous books on finance and accounting, including Finance and Accounting Made Simple and Rules and Tools for Thriving in Chaotic Times. Mr. Young earned his MBA in Accounting & Taxation.