Course Details
Your Growth, Our Mission
Course Description
This course provides insightful perspectives on complex payroll taxation topics, operational effectiveness, employee development, emerging technologies, and other issues when developing a successful strategy to guide a payroll department.
The Training Course Will Highlight ?
Training Objective
Target Audience
Experienced payroll professionals and managers, administrators, and directors who oversee, or aspire to manage, payroll operations, and anyone preparing for the Certified Payroll Professional (CPP) exam.
Training Methods
Daily Agenda
Planning and Organizing Payroll Operations
- Values
- Vision
- Mission
- Aligning payroll’s visions and missions
- Objectives/key results
- Management by planning
- Third-party relationships management (service vendors – contract management)
- Understanding business partners
- Project management
- Managing international relationships
Measuring Payroll Operations’ Effectiveness
- Cost analysis/cost of payroll check
- Benchmarking
- APA’s Payroll Benchmarking Study results
- Performance metrics
- How to identify the cost of your
- Payroll – what are the components?
- Impact of new benefits/
- establishing policies
- Auditing the payroll process and efficiency
- Writing a business case
- Budgeting payroll operations
- Service level agreements
- Quality assurance
- Measuring quality in the
- payroll department
Employee Development
- Career path
- Identifying job requirements
- Developing job requirements
- and staffing
- Writing job descriptions
- Interviewing candidates
- Performance feedback
- Taking corrective action
- Measuring employee development
Prioritizing Your Time
- Organizing through delegation
- Planning and leading a meeting
Change Management
- Change vs. transition
- Crisis management
- Measuring success
Trends in Payroll Practices and Technology
- Shared services
- Call centers
- Outsourcing
- Discrete process outsourcing
- Business process outsourcing
- Business transformation
- outsourcing
- Offshoring
- Internet use by payroll professionals
- Employee and manager self-service
- Internet-based technologies
- Biometrics
- GPS technology
- Imaging and document storage
- Payroll and smart phones and tablets
Payroll Technology Selection
- System selection
- Executive support
- Project team
- Interfaced vs. integrated
- technology systems
- Identifying requirements
- Current situation analysis
- Functional requirements document
- Request for information
- Request for proposal
- Decision factors
- Selection process
Business Continuity Planning
- Benefits of a business continuity plan
- Creating a business continuity plan
- Updating the plan
- Testing the plan
Complex Taxation Issues
- Social security/Medicare taxation
- Common paymaster
- Common pay agent
- Supplemental unemployment
- benefits
- Railroad Retirement Tax Act
- Dealing with the IRS and SSA
- Penalty notices
- Audits
- Reconciliation issues
- Penalties/abatement/ reasonable cause
- Preventing penalties
- IRS’ Taxpayer Advocate Service
- SSA reconciliation letters
- Mergers and acquisitions overview
- Unemployment insurance
- Transfer of experience rating
- State issues
- Standard and alternate tax and
- reporting procedures
- Social security tax issues
- W-2 and 941 reporting issues
- Discrimination testing
- Retirement (401(k)) plans
- Group-term life insurance
- Taxing Executive Compensation
- The IRS’ executive compensation
- compliance strategy
- Additional Medicare tax on executives
- Withholding requirements from
- executive compensation
- 6% supplemental wage withholding
- Gross-ups of executive compensation
- Chauffeur services
- Aircraft (SIFL calculation)
- Stock compensation
- Section 83(b) elections
- Restricted stock
- Phantom stock
- Nonstatutory stock options
- Golden parachute payments
- Nonqualified deferred compensation plans
- Section 409A requirements
- Split-dollar life insurance contracts
Security Issues
- Check fraud
- HIPAA requirements
Payroll Auditing
- Accounting records
- System operations
- Third parties (benefit administrators)
- Managing outside auditors
- Auditing the payroll process
- Optimizing the use of consultants
Accreditation
BTS attendance certificate will be issued to all attendees completing minimum of 75% of the total course duration.
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