Payroll Regulations, Laws, Common Pitfalls and Recordkeeping Requirements 2023

One thing that all businesses have in common is payroll. Payroll processing requires a variety of payroll records, all of which must be kept. The period of time that records must be kept is vary for each type of record.

Every year, payroll departments submit and receive hundreds of thousands of pieces of data. Data from the employee master file, including name and social security number, employee forms like the Form W-4, IRS reports like the Form 941, state quarterly returns for unemployment insurance, dates of employee termination, and even child support withholding orders.

This webinar will review record retention requirements by agency.  Special record retention concerns will be reviewed such as how to handle records during a merger or acquisition.  Legislative updates will be reviewed along with common errors employers make that can cause your company money. 

This webinar will give you tools and tips to stay compliant with existing and new legislation. To be up to date on current legislation affecting payroll and legislation that has caused the payroll area to struggle and how to overcome those struggles.

What will be covered in the webinar:

•       Record Retention by agency IRS, DOL, etc

•       Record retention polices & procedures & the cost of a poor policy

•       How to handle and be prepared for audits

•       Form I-9 Record retention concerns

•       Sarbanes-Oxley, Mergers & Acquisitions and how they affect your record policy

•       Legislative updates in regards to the COVID Pandemic

•       Common Errors to avoid that include:

•       Worker Misclassification

•       Overpayment Corrections

•       Termination Errors

•       Proper state taxation

•       Taxing Fringe Benefits

•       Obtaining proper substantiation

Who Should Attend :-

•          Payroll Executives/Managers/Administrators/Professionals/Practitioners/Entry Level Personnel

•          Human Resources Executives/Managers/Administrators

•          Accounting Personnel

•          Business Owners/Executive Officers/Operations and Departmental Managers

•          Lawmakers

•          Attorneys/Legal Professionals

•          Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues