Garnishments in general may be the most compliance-rich sector for businesses to handle, aside from payroll tax. It can be quite difficult to comprehend all of the regulations pertaining to garnishments, including child support orders, state and federal levies, and credit and student loan garnishments. To prevent expensive fines, it is critical for businesses to comprehend these rules and know how to implement them.
You will have a better understanding of a company's obligations for all kinds of garnishment orders by attending this webinar. Federal regulations include the Consumer Credit Protection Act, state-specific levy and garnishment withholding rules, and federal IRS levy requirements. We will review the appropriate earnings regulations at the federal and state levels. Best practices for staying up to date with evolving laws will be covered, along with recent legislative issues.
Learning Goals:
Attending this audio conference will teach you how to calculate the amount of child support that should be withheld.
The following topics are covered: determining the priority of garnishment orders; discussing recent legislation challenges, such as lump sum reporting for child support orders; reviewing EIWO and its benefits; determining the process for terminated employees with garnishment orders; reviewing federal tax levies and how to handle them, including priority, remittance, etc.; reviewing voluntary tax deductions and their effects on employers; and reviewing legally permitted child support fees and their administration.
Why should you attend this:
Other than child support, the focus of this webinar is on processing salary garnishments in the payroll department. It discusses the IRS's regulations for federal tax levies, the federal laws for creditor garnishments, the several facets of state tax levies, the essentials for processing state creditor garnishments, and how to deal with voluntary wage assignments such student loans and payday loans. It contains best practices for the payroll department's processing and reconciliation of garnishments. Included are sample memoranda for discussing garnishments with the employee. For creditor garnishments and tax levies, detailed mathematical computations are examined. We examine IRS Form 668-W.
Areas covered in the session:
Who should attend this?
Dayna J. Reum is presently the Director of Payroll Operations at Ann & Robert H. Lurie Children's Hospital of Chicago. Dayna has been heavily involved in the payroll field for over seventeen years. beginning as a payroll clerk at a little urban center company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc.. During her tenure at Honeywell, she obtained her FPC (Fundamental Payroll Certification) through the yank Payroll Association. She additionally received many advantage awards for client service, acquisitions, and divestitures.
Dayna isn't any intruder to teaching; she has tutored at the railway system, Phoenix yank Payroll Association conferences, and the Arizona State Payroll Conference. Topics as well as Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll skilled, Multi-State and native Taxation and internal control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA.
She additionally serves on the National yank Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA native tax subcommittee).
