In payroll we have a tendency to calculate the gross wages of an employee by meticulously following strict laws on what should be or should not be counted as hours worked and taxable financial gain. we have a tendency to pay the worker their check by the payment methodology that's permissible. But when it comes to deducting from the employee’s gross wages, are you adhering strictly to the rules? Failure to follow the laws concerning worker wage deductions may end up in substantial penalties and interest.

This webinar will give you a general overview of the types of deductions that employers can deduct from an employee’s wage.  We will review the laws that surround all types of deductions you can take with or without employee consent along with properly calculation of the deductions. 

Learning Objectives:

• Benefits Deductions
  • Before tax and after tax deductions
  • Cafeteria 125 Deductions
• Garnishment Deductions
  • Child support limits and beyond
  • Federal and State Tax Levies
  • Creditor Garnishments
• Taxation
  • Mandatory taxes versus courtesy taxation
• Employer Deductions
  • Overpayments
  • Advances and Employee Loans
  • Non- Cash overpayment legality
    • Cash Drawer Shortage
    • Theft
  • Uniforms

Benefits of the Program:

• Federal and State law reviews
• Understanding the difference between required tax deduction and tax deductions that the employer are not required to withhold
• Proper garnishment calculation based on the federal Consumer credit protection act
• How to properly refund before tax deductions
• What deductions require employee written consent
• What to be cautious of in regards to employee payroll deductions according to the State DOL
• Special IRS rules for Loan and Advances given to employees

Who Will Benefit:

• Payroll professionals
• Accounting Professionals
• Tax Professionals
• Benefits Professionals