On Demand Webinar

Final Paycheck Requirements

Webinar Details $219

  • Rated:
  • Webinar Length: 100 Minutes
  • Guest Speaker:   Christine Stolpe
  • Topic:   Taxation and Accounting, Human Resources, Payroll
  • Credit:   HRCI 1.5, SHRM 1.5, ATAHR 1.5, ATAPR 1.5, CPE 2.0, RCH 1.5
All Access Membership

When an employee leaves the organization, whether on their own accord or not, there are many factors that determine the amount, the timing, and the taxability of the individual's final payment. In this webinar, we will discuss the different types of final payment situations from involuntary terminations to end-of-life, as well as offer helpful tools and tips for ensuring Best Practices are being followed within the organization.

Key Learning Objectives:

  • Definition of Final Payment
  • Types of Final Payments
  • Requirements by State
  • Identifying and resolving risks
  • Best practices review
  1. Introduction
  2. Agenda 00:02:03
  3. What Is A Final Paycheck 00:02:58
  4. Final Paycheck 00:03:13
  5. Types of Final Paychecks 00:07:18
  6. Voluntary Termination 00:07:28
  7. Involuntary Termination 00:09:24
  8. Loss of Life 00:13:08
  9. Severance/Settlement 00:17:13
  10. Requirements By State 00:20:55
  11. Alabama 00:21:45
  12. Alaska 00:22:38
  13. Arizona 00:25:48
  14. Arkansas 00:27:06
  15. California 00:28:46
  16. Colorado 00:31:52
  17. Connecticut 00:32:12
  18. District of Columbia 00:33:06
  19. Delaware 00:34:48
  20. Florida 00:35:42
  21. Georgia 00:37:36
  22. Hawaii 00:38:07
  23. Idaho 00:39:41
  24. Illinois 00:40:28
  25. Indiana 00:41:02
  26. Iowa 00:41:20
  27. Kansas 00:41:45
  28. Kentucky 00:42:54
  29. Louisiana 00:44:00
  30. Maine 00:45:53
  31. Maryland 00:46:19
  32. Massachusetts 00:47:25
  33. Michigan 00:48:11
  34. Minnesota 00:48:28
  35. Mississippi 00:51:02
  36. Missouri 00:51:54
  37. Montana 00:52:14
  38. Nebraska 00:53:15
  39. Nevada 00:53:45
  40. New Hampshire 00:55:13
  41. New Jersey 00:56:20
  42. New Mexico 00:56:32
  43. New York 00:57:29
  44. North Carolina 00:57:42
  45. North Dakota 00:57:53
  46. Ohio 00:58:04
  47. Oklahoma 00:58:27
  48. Oregon 00:58:40
  49. Pennsylvania 01:00:20
  50. Rhode Island 01:00:33
  51. South Carolina 01:01:48
  52. South Dakota 01:03:58
  53. Tennessee 01:04:19
  54. Texas 01:05:29
  55. Utah 01:06:13
  56. Vermont 01:06:42
  57. Virginia 01:07:32
  58. Washington 01:07:46
  59. West Virginia 01:08:02
  60. Wisconsin 01:08:17
  61. Wyoming 01:08:34
  62. Identifying and Resolving Risks 01:09:46
  63. Location 01:10:20
  64. Timing 01:18:00
  65. Constructive Receipt 01:23:25
  66. Best Practice Review 01:26:23
  67. Checklists 01:26:28
  68. Questions 01:29:07
  69. Presenter Closing Words 01:47:17
  70. Presentation Closing 01:48:08

    • Accrued Bonus 00:04:04
    • Accrued Time Off Balance 00:03:20
    • Adjusted Deduction 00:03:25
    • Constructive Receipt (CR) 01:23:29
    • Expense Reimbursement 00:03:41
    • Impounded Earnings 00:03:22
    • Involuntary Termination 00:09:24
    • Severance Pay 00:03:38, 00:17:19
    • Voluntary Termination 00:07:30

    Accrued Bonus: An accrued bonus is a bonus that is contingent on performance. An employer determines whether or not to offer an accrued bonus to an employee. Accruing a bonus is a tough decision to make. You cannot predict an employee's future performance.

    Accrued Time Off Balance: An accrual is a scheduled automatic addition to your time off balance. For example, your Vacation policy could specify that you accrue 1 day on the first day of each month. A reset is a scheduled reset of your balance.

    Adjusted Deduction: Adjustment is a settlement, allowance, or deduction made on a debt or claim that has been objected to by a debtor or creditor in order to establish an equitable arrangement between the parties. For tax returns, an IRS-approved change to tax liability is considered an adjustment.

    Expense Reimbursement: Expense reimbursement is a method for paying employees back when they spend their own money on business-related expenses. These expenses generally occur when an employee is traveling for business but can occur in other work-related situations. (www.thebalancecareers.com)

    Impounded Earnings: Payroll Tax Impounding is when your payroll tax liabilities are automatically deducted for each paycheck. Your payroll provider will then submit your tax payments to the appropriate government entity when they are due.

    Involuntary Termination: An involuntary termination, for purposes of Section 409A, means a severance of the employment relationship due to the employer's independent exercise of the unilateral authority where the employee was willing and able to continue performing services.

    Severance Pay: An amount paid to an employee upon dismissal or discharge from employment. Severance pay is usually given by an employer to its employees who are laid off or terminated for reasons other than firing-for-cause. ... In general, severance pay is up to the employer's discretion and is only legally required under specific circumstances.

    Voluntary Termination: Voluntary termination may refer to a variety of actions, but most commonly, it refers to an employee's decision to leave a job on their own accord. It differs from a layoff or a firing, in which the decision to end employment was made by the employer or another party, rather than the employee.


    Guest Speaker

    • Christine Stolpe

    HRCI Credit

    Human Resource Certification Institute
    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.

    SHRM Credit

    Society for Human Resource Management
    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.

    ATAHR Credit

    Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in human resources.

    ATAPR Credit

    Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in payroll.

    CPE Credit

    Continuing Professional Education

    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 training@auroratrainingadvantage.com.

    You must answer all questions during the webinar, view the recording completely and pass the test at the end with 70% correct answers to receive CPE credit.

    RCH Credit

    American Payroll Association

    Aurora Training Advantage is an approved provider through the American Payroll Association. To receive credit through the American Payroll Association for this program you MUST attend the program in its entirety.