About This Course:
Find Payroll Problems Before An Government Auditor Does!
Every payroll department has blind spots - but waiting until a state or federal audit uncovers them can lead to penalties, back taxes, costly corrections, and unnecessary stress.
Many employers assume audits only happen after major mistakes. In reality, payroll audits can result from:
- Employee wage complaints
- Worker classification questions
- Payroll tax discrepancies
- Random agency selection
- Reporting inconsistencies
- Multi-state payroll issues
The organizations that fare best during audits are often the ones that regularly review their own payroll processes first.
The Best Time to Prepare for a Payroll Audit Is Before One Happens
Most organizations don't expect to be audited - until they receive a notice. Unfortunately, payroll audits are increasing at both the state and federal levels, and many employers are simply unprepared for a payroll audit that can occur for many reasons.
Whether an audit is triggered by an employee complaint, inconsistent filings, worker classification questions, or a routine agency review, being prepared can make all the difference. This webinar shows you how to proactively evaluate your payroll processes, identify and fix problem areas, and strengthen internal controls before they become expensive compliance issues.
Learn The Rules From A Former Payroll Auditor
Get ahead of potential trouble with this training session from Mark Schwartz, a former payroll tax auditor who will give you a proactive review of how your payroll department can catch some potential mistakes - and save your organization from fines or penalties!
In this practical webinar, you will learn how to perform an internal payroll audit that helps identify compliance gaps, strengthen your processes, and reduce your organization's audit exposure before regulators come calling.
- Identify payroll weaknesses before auditors find them
- Recognize common audit triggers
- Common areas that you can fix in advance where mistakes or issues are normally found during an audit
- How an independent internal review can help you detect internal control issues
- How to identify any areas of concern prior to an external audit or an audit by another group within your company
- Where to go to for assistance so you are not re-creating the wheel
- How to devise a game plan for what you want to review, and how to divide and conquer
And if you do get audited...
- The IRS' directives to auditors on what to focus on during payroll audits
- How the IRS determines issues for your company
- How to conduct yourself if you are audited
...and as always, this session will be interactive, so we'll be able to answer your questions on this topic throughout the presentation!
Bottom line, payroll audits are good in that they can help fix problems before they are discovered by the government, can help re-assign tasks as needed, and can help determine if an outside source by used to provide payroll services. Act now by ordering today!
What You'll Learn:Get ahead of potential trouble with this training session from Mark Schwartz, a former payroll tax auditor who will give you a proactive review of how your payroll department can catch some potential mistakes - and save your organization from fines or penalties!
This training session will teach you where to start, what to look for, common mistakes, and what you should do once you find a mistake! By attending, Mark will help you evaluate and adjust you payroll operations to minimize exposure in an audit. Among other things, you will learn:
- The IRS' directives to auditors on what to focus on during payroll audits
- How the IRS determines issues for your company
- How to conduct yourself if you are audited
- Responsible parties
- Common areas that you can fix in advance where mistakes or issues are normally found during an audit
- How an independent internal review can help you detect internal control issues
- How to identify any areas of concern prior to an external audit or an audit by another group within your company
- Where to go to for assistance so you are not re-creating the wheel
- How to devise a game plan for what you want to review, and how to divide and conquer
...and as always, this session will be interactive, so we'll be able to answer your questions on this topic throughout the presentation!
Bottom line, payroll audits are good in that they can help fix problems before they are discovered by the government, can help re-assign tasks as needed, and can help determine if an outside source by used to provide payroll services. Act now by ordering today!
Top FAQs
A payroll audit is a review of an organization's payroll procedures. It can be done internally for assurance or by an external entity such as the government in reponse to a complaint, lack or inconsistent reporting, etc.
Among other things, an auditor helps an organization ensure that its financial records are accurate, applicable laws are followed, and taxes are paid properly and timely.
Payroll is much more than just handing out paychecks, and includes a variety of responsibilities such as handling garnishments, travel pay, multi-state taxation, unclaimed paychecks, and much more in a timely and accurate fashion.
In business since the mid-1990's, we have over 25 years of experience delivering high-quality training content via seminar, webinar, online, and other formats. Each of our courses are delivered by an industry expert who will share his or her years of experience to help you be in compliance, smarter, and more productive, and almost all offer SHRM and HRCI credits.
The company withholds income tax, Social Security, and Medicare from wages paid for employees, but none for Independent Consultants.
Definitely! An audit can be done either by an internal person or outsourced to an expert, with the expectation of fixing or updating any issues to avoid fines, penalties, etc.
Auditors examine financial records and statements to determine the validity of information, and to check for fraud. They also ensure that individuals, companies, and government agencies are compliant with tax laws.
Employees work directly for the company, which controls their work, pays their taxes, and often provides benefits, whereas the Independent Contractor is hired to do a specific job without the employee perks.
In addition to ensuring that employees are paid correctly and on time, "Payroll" has numerous time and reporting requirements. The primary payroll areas include paychecks, reporting, operations, and management.
While many payroll-related regulations are federally-governed, there also are many state requirements, including those for handling garnishment, final paychecks, and unclaimed paychecks. Each state's requirements differ in the details, so be sure to check your state's requirements by clicking the applicable link(s) at the bottom of this page.
It often depends upon which factors - such as pay, tools, equipment, work hours, manner and means of performing services, etc,) the worker has control over.
A payroll audit typically occurs because either for many reasons: an employee makes a claim of unfair pay practices
An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to verify the financial statements and non-financial disclosures. An audit can apply to an entire organization or might be specific to a function, process, or production step, and might include an on-site verification, such as inspection or examination.
Payroll Administrators must be able to:
- Properly "classify" workers
- Apply the various exemptions
- Calculate gross pay and properly make deductions
- Correctly identify, pay, and withhold taxes for employees
- Administer deferred compensation, cafeteria plan, sick pay, and other compensation
- Handle stock options, expense reimbursements, relocation, and other "expenses"
- Follow the proper policies, procedures, and documentation requirements for garnishments and levies
- Properly complete and file all required reporting requirements
- Correctly complete year-end requirements and establish year-beginning requirements
- Implement and maintain fraud, audit, disaster recovery, and record retention processes and procedures
Types of audits include internal, external, forensic, public, tax, and information systems. Internal auditors typically examine issues related to company business practices and risks.
Continuing Education Credits:
Click the 'Credits' tab above for information on PHR/SPHR, PDCs, and other CE credits offered by taking this course.
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