Payroll Essentials: The Payroll Cycle of Life

Overview

Payroll is among the most common tasks an employer undertakes in the course of running their business. At its most basic level, payroll consists of an agreement between an employer and employee related to compensation for services. Once you pull back the curtain, there is so much more to payroll, including various kinds of compensation, payroll taxes and required reporting on various government forms. This course will provide a general introduction to the payroll cycle of life, including real life examples of how to process payroll, the withholding and payroll tax deposit regime, common payroll forms, and tips and tricks for tying it all together. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics covered in this class include:

• A general review of compensation and payroll taxes from a broad perspective
• A walk through of the payroll process
• Explanations and examples of payroll processing, payroll tax deposits, and payroll returns
• Resources, recommendations, and guidance on compensation, payroll and payroll related topics

Prerequisites

None

Designed For

Appropriate for professionals at all organization levels, including seasoned professionals. This includes CPAs in public practice, as well as tax professionals working in industry, including those in Controller and CFO roles with limited exposure to payroll.

Objectives

After attending this presentation you will be able to...

• Recognize the common types of compensation
• Distinguish the various types of payroll taxes and other deductions from pay
• Recall what makes up a payroll tax deposit
• Recall the basic frequency rules and requirements
• Distinguish the various types of payroll tax returns employers need to file and the due dates of these forms
• Identify the components in the payroll cycle of life
• Select IRS publications that are useful resources on payroll topics for employers

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by CPA Crossings. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.