Payroll Best Practices – 10 Areas You Must Handle Correctly to Ensure Compliance
October 17, 2018 - Online Event ON CAWebinar Compliance
info@webinarcompliance.com
Phone:416-915-4438\58
Paying an employee is not simply multiplying the hourly rate by the number of hours worked to get the gross wages and deducting the taxes from that. Processing a paycheck correctly is infinitely more complicated. Accurate decisions must be made to determine the final outcome of the wages owed. These decisions involve the application of a complex set of wage and hour laws and tax regulations. Misunderstanding the meaning of the term “regular rate of pay”, violating the “salary basis rule” or failure to withhold taxes properly for a multistate employee are just a few of the areas where even one wrong decision can result in grave consequences for the employer.