Course description
Payroll Overpayment Challenges: Legal and Practical Implications
Overpayments happen; make sure you know how to recover the money properly and avoid any possible legal repercussions.
Errors happen, but when they happen in payroll and employees are overpaid, it is a minefield to understand how much can be deducted from employees’ future pay. Federal and state laws need to be considered as well as the type of overpayment, to determine how the money is paid back. This topic will give you the tools to understand how to handle employee overpayments from how much can be withheld from employee pay if an employee pays back with a personal check. We will also discuss the issues surrounding employee loans and advances.
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Who should attend?
This live webinar is designed for
- payroll and human resource managers
- controllers
- CFOs
- accountants
- bookkeepers
- business owners and managers and attorneys.
Training content
Type of Overpayments
- Regular Pay/Bonuses
- Loans/Advances
- Noncash Overpayments
Tax Considerations
- Overpayments in the Current Year
- Overpayments in a Prior Year
- Year-End Reporting
Federal and State Law
- Minimum Wage
- State Laws
- Methods of Repayment
Certification / Credits
Learning Objectives
- You will be able to explain federal and state law.
- You will be able to review year-end reporting.
- You will be able to discuss overpayments in the current year.
- You will be able to identify types of overpayments.
Contact this provider
Lorman Education Services - Live and On-Demand Courses
Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...