AP & Payroll Working together to be compliant
Payroll is considered both a human resources and a finance function. Companies choose what makes sense for how they do business on which function payroll reports to. No matter how your company has chosen its structure for reporting purposes, payroll professionals need to interact with the AP department for all kinds of payments and reporting requirements. This shared partnership is critical for any business to stay compliant and minimize reporting and payment mistakes.
This webinar will give you insight on best practices for working together to achieve the shared goal of compliance for your company.
- Detailed discussion on the difference between the 1099 and the Form W-2 and which department should report what.
- Discussion on employee versus independent contractor and how to tell the difference
- Director Fee payments and how to handle them correctly
- Death payments and what is reported by payroll and what AP should report
- Legal Settlement Payments and how those should be paid and reported by payroll and AP
- How to best handle business expenses along with taxability concerns
- Review of the cost of non-compliance for tax withholding and tax reporting purposes
- What does each department need from each other to be successful
- Discuss fringe benefits and the impact
- Form W-9 what it is and who should be responsible for it.
- Common mistakes each department makes that can be costly to the company
Dayna is currently the Payroll Tax Manager at PetSmart Inc. Dayna has been heavily involved in the payroll field over 15 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teach... View Full Profile
Aurora Training Advantage is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
For more information regarding administrative policies such as complaint and refund, and cancellation please contact our offices at 407-542-4317 or firstname.lastname@example.org.
This program has been approved for credit hours through the HR Certification Institute. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
Aurora Training Advantage is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.