Payroll Deductions 2020 Updates: New Form 2159 and Other Covid Updates
About this Webinar
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 the proper 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.
Session Highlights
- 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
- Federal and State law reviews
- Understanding the difference between a required tax deduction and tax deductions that the employer is 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
Learning Objectives:
Who Should Attend
- Payroll
- Management
- Human resources Professionals
- Regulatory
- Tax Managers
- CFOs
- Controllers
- Accounting Managers
- Auditors
Speaker(s)
Dayna is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference.
Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.
CEUs
The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.
Credits: 1.5
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