Payroll Regulations, Laws, Common Pitfalls, and Recordkeeping Requirements 2023: What to Keep, What to Ditch
Speaker: Dayna J Reum
Speaker Designation: Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago
Speaker: Dayna J Reum
Speaker Designation: Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago
Payroll is one thing that all businesses have in common. Along with processing payroll come many different payroll records required to process the payroll. Each type of record has different requirements for how long you must retain those records.
Payroll departments receive and submit hundreds of thousands of bits of data every year. Employee master file data such as name and social security number, employee forms such the Form W-4, report to the IRS such as Form 941, state unemployment insurance quarterly returns, termination dates for employees, and even child support withholding orders.
In this online webinar speaker, Dayna Reum will review record retention requirements by the agency.
Special record retention concerns will be reviewed such as how to handle records during a merger or acquisition. Legislative updates will be reviewed along with common errors employers make that can cause your company money regarding record retention policies.
Knowing what records to keep and what to destroy is always a challenge for employers, especially when it comes to payroll records. Designing a payroll records retention program that ensures compliance is no easy task. Failing to meet payroll retention requirements can mean large penalties if audited or involved in a lawsuit for overtime or unpaid wage claims.
This webinar will review record retention requirements along with legislation that if not followed correctly that can cost your company money. This webinar will give you tools and tips to stay compliant with record retention requirements especially as employers go electronic with record retention requirements.
To be up to date on current legislation affecting payroll and legislation that has caused the payroll area to struggle and how to overcome those struggles. To make sure you are up to date and are running a payroll that is in compliance for 2023.
This webinar will:
Record Retention
• Payroll Record-Keeping Requirements by agency
• IRS-Internal Revenue Service
• DOL-Department of Labor
• Record retention policies & procedures & the cost of a poor policy
• How to handle and be prepared for audits
• Special Retention Concerns
• Form I-9
• Sarbanes-Oxley
• Mergers & Acquisitions
• Unclaimed Properties
Legislative updates
• W-2 /W-4 Updates
• Tax Reform Changes
• Annual Updates
Common Errors to avoid
• Worker Misclassification
• Overpayment Corrections
• Termination Errors
• Proper state taxation
• Taxing Fringe Benefits
• Obtaining proper substantiation
This webinar will provide valuable insights to:
Dayna currently is the director of payroll operations at a major medical center in Chicago and has been heavily involved in the payroll field for more than 20 years. She started as a payroll clerk at a small Tucson company but moved on to be a payroll team leader at Honeywell Inc. During her time at Honeywell Inc., she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. Dayna has also received several merit awards for customer service acquisitions, and divestiture.
Dayna is no stranger to teaching; she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics include Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, and international and Canadian payroll.
She also serves on the National American Payroll Association the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee), and received a citation of merit for her service along with being a gold pin member of the APA. Dayna is also a CPP (Certified Payroll Professional) through the APA certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.
