An ounce of prevention is worth a pound of cure, so the saying goes. For payroll tax compliance, this means conducting effective internal audits.

This webinar will provide you with a roadmap to efficiently conduct internal payroll audits. We will start with the ten most common (and expensive) mistakes that are made in payroll operations.

With the information you can evaluate how well you are doing in the compliance arena. From there, we will take you through what an internal audit function would do to conduct an evaluation of payroll operations.What You'll Learn:

• Top 10 payroll mistakes:
  
  • Overtime calculation and payment
  • Misclassifying workers
  • Common recordkeeping mistakes
• Internal Audit Basics:
  
  • Why is it essential to do these every once in a while?
  • Finding out where your business is at the highest risk of expensive non-compliance
  • How to evaluate your compliance and functionality without taking forever to do it
  • How to train your workers to find and correct mistakes before they become major problems
• Internal Controls:
  
  • Day-to-Day policies and procedures to train you employees with
  • How IT systems can help in analysis and finding problems
  • What to address in policy and procedure manuals