Payroll is among the most common tasks an employer undertakes in the course of running their business. At its most basic level, payroll consists of an agreement between an employer and employee related to compensation for services.
DESIGNED FOR
Appropriate for professionals at all organization levels, including seasoned professionals. This includes CPAs in public practice, as well as tax professionals working in industry, including those in Controller and CFO roles with limited exposure to payroll.
BENEFITS
After attending this presentation you will be able to...
- Recognize the common types of compensation
- Distinguish the various types of payroll taxes and other deductions from pay
- Recall what makes up a payroll tax deposit
- Recall the basic frequency rules and requirements
- Distinguish the various types of payroll tax returns employers need to file and the due dates of these forms
- Identify the components in the payroll cycle of life
- Select IRS publications that are useful resources on payroll topics for employers
HIGHLIGHTS
The major topics covered in this class include:
- A general review of compensation and payroll taxes from a broad perspective
- A walk through of the payroll process
- Explanations and examples of payroll processing, payroll tax deposits, and payroll returns
- Resources, recommendations, and guidance on compensation, payroll and payroll related topics
PREREQUISITES
None
ADVANCE PREPARATION
None