Top Ten Payroll Mistakes Companies Make that can Cost Money
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
As payroll professionals, we must comply with numerous laws, and it’s cumbersome just to keep up with them all! Furthermore, far too often we’re forced to quickly act and mitigate issues before it's too late to fix or prevent them - which can lead to costly errors and penalties for non-compliance.
This webinar will review areas within payroll that are usual audit points from both the Internal Revenue Service and the Departments of Labor at the federal and state levels. Detailed discussion on how to stay compliant in each area and what penalties non-compliance can have. You may even discover areas of potential non-compliance that you have not thought of.
If you process payroll and want to ensure compliance this webinar will give you the tools to avoid penalties and interest from noncompliance issues.
Payroll management is a critical aspect of running a successful business, yet many companies inadvertently make mistakes that can have significant financial repercussions. The complexity of payroll processes, coupled with ever-changing regulations, creates an environment where errors can occur, impacting both the bottom line and employee satisfaction.
Attending will help the participant better understand simple payroll mistakes that can cost money, time, and resources. Along with how to properly fix these mistakes when they happen.
Top 10 Payroll Errors & Prevention Strategies:
Any business with employees must have a system in place for handling payroll activities, which includes paying employees, filing all necessary government forms, and paying taxes promptly. There are numerous aspects to payroll, particularly in larger companies with full-time and part-time employees plus independent contractors.
The background of this webinar is rooted in the understanding that payroll mistakes are not merely administrative oversights; they can have far-reaching consequences, including financial penalties, compliance issues, and damage to the organization's reputation. The complexities of tax regulations, benefit calculations, and compliance requirements make it imperative for companies to proactively address potential pitfalls in their payroll processes.
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.
