This webinar will give a general overview of the types of deductions that employers take from an employee’s check.  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.  This webinar will give you the knowledge to be sure that how you process employee payroll deductions are in accordance with the law for both a federal and state level.  COVID-19 updates will be included about student loans, the new Form 2159 etc.

In this program, you’ll learn how to:

• 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

Benefits:

• Benefits Deductions
  • Before tax and after tax deductions
  • Cafeteria 125 Deductions
• Garnishment Deductions
  • Child support limits and beyond
  • Federal and State Tax Levies
  • Form 2159 and other COVID updates
  • Student loan updates for 2020
  • Creditor Garnishments
• Taxation
  • Mandatory taxes versus courtesy taxation
• Employer Deductions
  • Overpayments
  • Advances and Employee Loans
  • Non- Cash overpayment legality
    • Cash Drawer Shortage
    • Theft
    • Uniforms

Who should Attend:

• Payroll professionals
• Accounting Professionals
• Tax Professionals
• HR Professionals and Manager
• Compensation Professionals

Ask a question at the Q & A session following the live event and get advice pertaining to your situation, straight from our expert speaker.