The processing of an employee’s paycheck from gross to net must be done in a strict yet varying regulatory environment. This webinar focuses on the account standard best practices for the payroll process with valuable information that will help your company avoid compliance issues and potential fines.

Why Should You Attend:

Accounting payroll procedures help senior managers ensure that staff-compensation amounts included in financial statements are accurate and complete and conform to generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS). IFRS and U.S. GAAP require accountants to include payroll data as expense items in the statement of profit and loss. A controller must be aware of the regulations which must be followed to ensure compliance that will prevent audits resulting in penalties, fines and interest, varying because the process is controlled by several entities on both the federal and state levels.

This webinar focuses on the account standard best practices for the payroll process. It provides valuable information that will help your company avoid compliance issues and potential fines.

Areas Covered in the Seminar:

• Introduction
• Payroll Compliance Considerations
• Generally Accepted Accounting Principles
• The Internal Revenue Service (IRS)
• The Fair Labor Standards Act (FLSA)
• International Financial Reporting Standards (IFRS)
• Withholding, Depositing and Reporting of Wages and Taxes
• Salaries, Wages, and Overtime Pay
• Payroll Withholdings: Taxes and Benefits Paid by Employees
• Payroll Taxes, Cost, and Benefits Paid by Employers
• Payroll Business Process Risks and Challenges
• Questions and Discussion

For Registration: