Payroll's Impact on Employee Benefit Laws

Lorman Education Services
Training overview
Professional Course
Self-paced Online
1 hour
From 149 USD
Start dates
149 USD
Start anytime

Course description

Payroll's Impact on Employee Benefit Laws

Learn best practices of well-run payroll functions and warning signs of practices or gaps that could result in liabilities, penalties, or litigation.

Today's employee benefits laws place many demands on employers' payroll administrators. Failing to properly withhold and pay payroll taxes on employee benefits and report them to the IRS at the time and in the manner prescribed can result in higher taxes, penalties, and interest. Failing to process wage withholding elections correctly and forward employee contributions and loan payments in a timely manner can violate federal and state laws and result in excise taxes and other fines and require costly corrections requiring disclosures to the IRS or other agencies. Employer HR departments also rely on payroll administrators to provide information such as employee compensation necessary for the proper calculation of benefits. This course will help persons responsible for an employer's payroll functions - whether inside or outside the employer - understand their obligations and best practices to avoid costly errors or omissions.

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Who should attend?

This live webinar is designed for human resource and payroll professionals, benefits managers, business owners and managers, controllers, CFOs, accountants, attorneys, and bookkeepers.

Training content

Overview of Payroll Functions

  • Withholding and Payment of Payroll Taxes
  • Withholding and Payment of Employee Benefit Contributions
  • Recordkeeping and Reporting

Payroll Tax Obligations Regarding Employee Benefits

  • Qualified Plans
  • Nonqualified and Welfare Plans
  • Fringe Benefits and Perquisites

Other Payroll Obligations Regarding Employee Benefits

  • Wage Withholding Requirements
  • Timely Processing of Contributions and Loan Payments
  • Exchange of Information With Other HR Functions

Certification / Credits

Credits: AIPB ,CPP/FPC (Pending) ,ASA ,CLE

Learning Objectives

  • You will be able to identify payroll tax obligations related to employee benefits.
  • You will be able to identify the tax rates and wage limits for various payroll taxes.
  • You will be able to identify the payroll tax payment requirements.
  • You will be able to recognize the requirements for a defined benefit plan.

About Lorman Education Services

Lorman Education Services - Live and On-Demand Courses

Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...

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Contact info

Lorman Education Services

Lorman Education Services
2510 Alpine Road
54702 Eau Claire Wisconsin

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