Effective Root Cause Analysis: Identify and Prevent Common Payroll Errors

Duration: 60 Minutes
flat 40% off on this webinar use promo code
Payroll is covered by tax law, which is complex. This is the biggest and potentially most dangerous mistake one can make with payroll. In the United States, the government collects payroll taxes on a pay-as-you-go basis. The penalties for errors can be high. Horror stories about payroll issues are common & businesses pay government agencies millions of dollars each year in compliance penalties.
Effective Root Cause Analysis
Instructor: Mark Schwartz
Product ID: 502111
Companies of all sizes are finding clear advantages in leveraging new technologies to support competitive workforce strategies. Business processes are incorporating new technologies at every turn. Payroll is no different. Payroll departments are leveraging technology for the easier completion of day to day payroll tasks & Payroll professionals are being asked to use modern technology to improve process, save money and increase business productivity.

It is very critical for payroll professionals to have the skills to analyze a process and build standards on how those processes should function. You must be able to not only understand a process but also measure the results in relation to industry standards.

This webinar will provide you the tools necessary for identifying the root cause of errors so you can update processes to ensure errors only happen once. We will also review the commonly made errors reported by the IRS and the Federal Department of Labor.

Objectives of the Presentation
  • How to effectively audit your payroll processing system
  • What should be a payroll manager's job - and what should be IT's job
  • Payroll irregularities that are often overlooked in payroll processing systems
  • How to oversee employee inputs into the system
  • Top 10 payroll management mistakes - how to avoid them
  • Best practices so you can rest easy at night
Why Should you Attend
Running payroll can be a complex process made more so by the need to be in full compliance with both state and federal labor and tax laws. A mistake could cost you the trust of your employees, perhaps resulting in resignations of reliable, talented individuals. But what could go worst & even more painful, it could cost you thousands of dollars in IRS penalties and hours upon hours of time correcting it.

Statistics show that roughly 40 percent of small businesses incur an average of $845 a year in IRS penalties. In 2016; The IRS assessed 5.9 million civil penalties amounting to over $6 billion additional dollars for employer payroll tax issues.

This session will help you to identify common payroll mistakes, explain the repercussions, and show you how to avoid them. The webinar benefits you to add value to your organizations and to avoid costly common mistakes.

Areas Covered
Root Cause Analysis Tools
  • Benchmarking
  • Types of Benchmarking
  • How to Benchmark
  • Metrics? What Are They and What Is the Value?
  • What to Measure
  • Importance of the Customer
Common Payroll Errors and tips to avoid them
  • Worker Misclassification
  • Properly Calculating Overtime
  • Overpayment Corrections
  • Timing of Payment
  • Termination Errors
  • Proper State Taxation
  • Taxing Fringe Benefits
  • Obtaining Proper Substantiation
  • Proper Processing of Received Garnishments
  • SUI Tax Practices
Who will Benefit
  • Payroll Professionals
  • Payroll Apprentices
  • Accounting Professionals, Accounting Department
  • Compensation Professionals, Benefits
  • Legal Staff
  • Human Resources Professionals, HR Department
  • Risk Managers, Operations Managers, Compliance Managers
  • Senior Management
  • Small to Medium Sized Business Owners
  • Start up Entrepreneurs
Topic Background
Payroll mistakes can seriously hurt your business. Payroll plays a large role in companies for a reason. It's the cumulative sum of all of the financial records for employee salaries, which includes their work wages, deductions and any bonuses. Payroll issues go hand in hand with compliance, which is essential for protecting yourself from lawsuits. Payroll errors can be very expensive for the company, not just in terms of money but also reputation.
$300
Recorded Session for one participant
Get life time access with download option!
Book this course
Pay Now
  $450.00 Training CD
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
  $550.00 Training USB Flash Drive
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
For multiple location please contact our customer care team +1-510-857-5896.
How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of 20 ongoing audits, from small home-based businesses to large multi-national corporations. He is expert at defining regulatory and statutory requirements from local, State and Federal government agencies; and helping the average businessperson understand what that mean to their business. He has processed weekly and bi-weekly payroll checks plus tax forms for businesses with hourly as well as exempt workers, multistate operations and a wide variety of benefits.

Mr. Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. Markhas represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting your employees.

Mark prides himself on his outstanding customer service skills. He listens attentively to his clientele, helping them bridge the gap between the small business world and Government bureaucracy. He eagerly assists with clients needs, and feels that educating clients toward faster, accurate and more complete payroll processes provides the most value.

Mark is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. Mark is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.
View More