As payroll processing becomes more complex and payroll taxes become a larger expense on your income statements, it is important that those involved in the payroll decisions stay abreast of the latest ideas to provide value and save taxes.
Topics to be discussed include:
- Avoiding wage-hour problems (both Tennessee and federal)
- Benefits, pretax and after tax issues
- Payroll deductions
- Employee vs. independent contractor
- Payroll reports and recordkeeping
8:30 a.m. - 10:30 a.m.
I. Avoiding Wage-Hour Problems (Both Tennessee And Federal)
A. The 'White Collar' Exemptions
B. Other Statutory Exemptions
C. Hours Of Work/Overtime Requirements
D. Handling Enforcement Audits By U.S. Department Of Labor
10:30 a.m. - 10:40 a.m.
10:40 a.m. - 12:00 p.m.
II. Benefits, Pretax And After Tax Issues
A. Section 125 Cafeteria Plans
B. Domestic Partner Benefits
C. 401 Plans And Pension Plans
D. Vacation Pay
F. Personal Days
12:00 p.m. - 1:00 p.m.
Lunch (On Your Own)
1:00 p.m. - 2:00 p.m.
III. Payroll Deductions
A. Permissible And Impermissible Deductions
1. Garnishments And Child Support
2. Other Deductions (Taxes, etc.)
3. Calculating Deductions
4. Forms, Waivers, etc.
2:00 p.m. - 3:00 p.m.
IV. Employee vs. Independent Contractor
A. How To Determine
C. Reporting Requirements
3:00 p.m. - 3:10 p.m.
3:10 p.m. - 4:00 p.m.
V. Payroll Reports And Recordkeeping
A. Frequency Of Pay
B. Payroll Taxes
C. Quarterly Reports
D. UI Reports
E. Record Retention
4:00 p.m. - 4:30 p.m.
VI. Questions And Answers