As much as payroll professionals complete audits and validations each payroll, mistakes do happen and employees get overpaid.
But once an employee has been overpaid, getting the money back is only one challenge. Depending on the type of overpayment, payroll professionals are faced with how to untangle the tax and compliance requirements, as well as the various state laws covering deduction of pay from employees. And many of these laws recently have changed!
This training session gives participants the tools to analyze several types of employee overpayments, and overview - and update - on the various federal and state laws that affect overpayments, plus guidance on how to the handle the specific recoupment and taxation issues properly.
- Review of different types of overpayments from regular pay to non-cash items, such as laptops, given to employees
- The impact of overpayments for hourly employees versus salaried employees
- The IRS "claim of right rule"
- The tax implications of overpayments made in a current and/or a prior tax year
- What special state and federal laws should be considered when collecting overpayments
- Employee loans and advances - and how to handle them
- What are the best methods of repayment
- Special year end reporting concerns for employees that have been overpaid
About Your Speaker:
Dayna Reum, CPP, FPC, is a payroll professional with over 15 years experience in both teaching and handling payroll.
Ms. Reum holds both a Certified Payroll Professional and a Fundamental Payroll Certification designation, and is a frequent presenter on various payroll topics. Dayna has worked for companies such as PetSmart, Honeywell, and the American Payroll Association.
Dayna also serves on the National American Payroll Association on the national Strategic Leadership Task Force, has received a Citation of Merit and is a Gold Pin member of the APA. She is certified in HR hiring and firing practices, and is a Six-Sigma Greenbelt.
PHR / SPHR Credits!
This program has been approved for 1.5 recertification credit hours through the HR Certification Institute. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org. The use of this seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCIs criteria to be pre-approved for recertification credit.