About This Course:
A payroll audit can occur for many reasons: someone from the government comes calling because you may have done something wrong; an employee makes a claim of unfair pay practices, or; you simply decide to review your own procedures, either internally or by using and independent third party such as an accountant.
Generally speaking, the processing of payroll can produce errors in several places, which calls for a detailed process flow that also incorporates several controls. This procedure can be used to ensure that payroll is handled consistently on a repetitive basis.
Why Do A Payroll Audit?Payroll tax audits are increasing at both the state and federal levels. Unfortunately, many employers are simply unprepared for an audit.
Get ahead of potential trouble with this training session from Mark Schwartz, a former payroll tax auditor who will give you a proactive review of how your payroll department can catch some potential mistakes - and save your organization from fines or penalties!
This training session will teach you where to start, what to look for, common mistakes, and what you should do once you find a mistake!
What You'll Learn:In this webinar, Mark will help you evaluate and adjust you payroll operations to minimize exposure in an audit. Among other things, you will learn:
- The IRS' directives to auditors on what to focus on during payroll audits
- How the IRS determines issues for your company
- How to conduct yourself if you are audited
- Responsible parties
- Common areas that you can fix in advance where mistakes or issues are normally found during an audit
- How an independent internal review can help you detect internal control issues
- How to identify any areas of concern prior to an external audit or an audit by another group within your company
- Where to go to for assistance so you are not re-creating the wheel
- How to devise a game plan for what you want to review, and how to divide and conquer
...and as always, this session will be interactive, so we'll be able to answer your questions on this topic throughout the presentation!
Bottom line, payroll audits are good in that they can help fix problems before they are discovered by the government, can help re-assign tasks as needed, and can help determine if an outside source by used to provide payroll services. Act now by ordering today!