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  Home > Course Details
 

Course Details - Go to Course Contents

   QAS   Registry
    
Title :

Payroll Management.

Author :

Steven Bragg, CPA

Status :

Production

CPE Credits :

14.5

IRS Credits :

0

Price :

$119.95

Passing Score :

70%

Primary Subject-Field Of Study :

Accounting - Management

Description :

Payroll Management describes how to properly manage the payroll department with a variety of efficiency techniques, procedures, and controls. It also shows how to comply with an array of payroll regulations, deposit taxes, account for payroll transactions, and issue payroll reports. It also addresses such special topics as payroll recordkeeping systems and whether to outsource payroll processing.

Usage Rank :

0

Release :

2012

Version :

999

Prerequisites :

None

Experience Level :

Overview

Additional Contents :

Complete, no additional material needed.

Advance Preparation :

None.

Delivery Method :

Self-Study

Intended Participants :

Anyone needing Continuing Professional Education (CPE).

Approved Audience :

NASBA QAS - NASBA Registry -  - 

Revision Date :

02/16/2013

NASBA Course Declaration :

Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.

Comments :

CPE, online, self-study, self study, CPA, CPAs, continuing professional education, continuing education, accounting, accountants, business, commerce, payroll, payroll management, payroll tax

Learning Objectives :

Course Learning Objectives

    • Describe how to use various management techniques to increase the efficiency and effectiveness of the payroll department.
    • Describe the criteria under which a person is classified as an employee.
    • Explain the methods for reducing time tracking requirements, and describe the types of employee time tracking solutions.
    • Calculate earnings for various types of wages and supplemental pay.
    • Describe the proper tax reporting of various types of employee fringe benefits, and how to assign a value to those benefits that are not exempt from tax reporting.
    • Describe the various types of pay deductions, and how to manage an efficient pay deduction system.
    • Calculate the amount of income tax withholdings and payroll tax deductions for an employee.
    • Explain how to determine the correct deposit schedule, and how to deposit and report on tax remittances.
    • Calculate the amount of federal and state unemployment tax for which an employee is liable, and how to remit it to the government.
    • Demonstrate the various methods of paying wages and other benefits to employees.
    • Demonstrate how to account for all types of payroll transactions.
    • Describe the contents and uses of the reports that a payroll department issues.
    • Explain the recordkeeping requirements for the payroll function.
    • Explain the steps to follow and forms to use to add an employee, accumulate time worked, calculate commissions, process payroll, and pay employees.
    • Describe the controls that can be installed in a payroll system to mitigate fraud and reduce errors.
    • Explain the various payroll measurements that can be used to gain a greater understanding of payroll efficiency and human resources issues.
    • Describe the advantages and disadvantages of outsourcing payroll, and how to operate an outsourced payroll function.

Chapter 1
Payroll Management

Describe how to use various management techniques to increase the efficiency and effectiveness of the payroll department.

Chapter 2
Definition of an Employee

Describe the criteria under which a person is classified as an employee.

Chapter 3
Employee Time Tracking

Explain the methods for reducing time tracking requirements, and describe the types of employee time tracking solutions.

Chapter 4
Employee Compensation

To calculate pay for various types of wages and supplemental pay.

Chapter 5
Employee Benefits

Describe the proper tax reporting of various types of employee fringe benefits, and how to assign a value to those benefits that are not exempt from tax reporting.

Chapter 6
Payroll Deductions

To describe the various types of pay deductions, and how to manage an efficient pay deduction system.

Chapter 7
Payroll Taxes

To calculate the amount of income tax withholdings and payroll tax deductions for an employee.

Chapter 8
Tax Remittances

Explain how to determine the correct deposit schedule, and how to deposit and report on tax re-mittances.

Chapter 9
Unemployment Taxes

To calculate the amount of federal and state unemployment tax for which an employer is liable, and how to remit it to the government.

Chapter 10
Payments to Employees

Demonstrate the various methods of paying wages and other benefits to employees.

Chapter 11
Accounting for Payroll

Demonstrate how to account for all types of payroll transactions.

Chapter 12
Payroll Reports

Describe the contents and uses of the reports that a payroll department issues.

Chapter 13
Payroll Recordkeeping

Explain the recordkeeping requirements for the payroll function.

Chapter 14
Payroll Procedures

Explain the steps to follow to add an employee, accumulate time worked, calculate commissions, process payroll, and pay employees.

Chapter 15
Payroll Controls

Describe the controls that can be installed in a payroll system to mitigate fraud and reduce errors.

Chapter 16
Payroll Measurements

Explain the various payroll measurements that can be used to gain a greater understanding of payroll efficiency and human resources issues.

Chapter 17
The Outsourcing Option

Describe the advantages and disadvantages of outsourcing payroll, and how to operate an outsourced payroll function.
   

Course Contents - Go to Details

Chapter 1 - Payroll Management

Payroll Cycle Duration

Streamlined Timekeeping

Electronic Payments

Employee Self-Service

Manager Self-Service

Transaction Error Analysis

Staff Training Program

The Payroll Calendar

Information Confidentiality

Chapter 2 - Definition of an Employee

The Employee Defined

Employee Withholding Liability

The Independent Contractor Designation

The W-2 Contractor

The Salesperson Designation

Employees of Exempt Organizations

Ministers

Employee Scenarios

People in Business for Themselves

Family Employees

Chapter 3 - Employee Time Tracking

Time Tracking Scope

Employee Exclusions

Data Collection Scope

Handwritten Time Sheets

Time Cards

Computerized Time Clocks

Biometric Time Clocks

Web-Based Time Tracking

Smart Phone Time Tracking

Time Keeping Methods Usage Grid

Automated Time Tracking Reminders

Chapter 4 - Employee Compensation

The Difference between Salaries and Wages

The Work Week

Compensation Definition

Supplemental Wages

Commission Calculations

Commissions Based on Cash Receipts

Final Commission Calculations

Employee Business Expense Reimbursements

Golden Parachute Payments

Hourly Rate Plan

Idle Time

Overtime Pay

Payments in Kind

Piece Rate Pay

Salaries Paid for Partial Periods

Sick Pay

Tips

Vacation Pay

The Minimum Wage

Chapter 5 - Employee Benefits

The Provider and Recipient of Benefits

Adoption Assistance

Athletic Facilities

Cell Phones Provided by Employer

De Minimis Benefits

Disability Insurance

Educational Assistance

Employee Discounts

Flexible Spending Accounts

Health Savings Account

Leaves of Absence

Life Insurance

Lodging on Business Premises

Meals

Medical Insurance

Medical Insurance - COBRA

Moving Expense Reimbursement

No-Additional-Cost Services

Pension Plans

Retirement Planning Services

Stock Options

Stock Purchase Plans

Transportation Benefits

Tuition Reduction

Vacation Benefit Reporting

Workers’ Compensation Insurance

Working Condition Benefits

How to Value Benefits

Rules for Withholding, Depositing, and Reporting Benefits

Benefit Authorization Form

Taxability of Benefits

Chapter 6 - Payroll Deductions

Deductions for the Corporate Benefits Package

Deductions for Payments to Third Parties

Deductions for Financing Repayments

The Reduction of Deductions

Garnishment Processing

Deduction Management by Employees

Chapter 7 - Payroll Taxes

Income Tax Withholding

Social Security Tax

Medicare Tax

Calculating Withholdings

Earnings Not Subject to Payroll Taxes

Employee Taxes Paid by the Employer

The Earned Income Credit

Tax Deductions for the Self-Employed Person

The Common Paymaster Rule

Payroll Taxes for a Successor Employer

Payroll Taxes for Part-Time Employees

State Payroll Taxes

Totalization Agreements

Chapter 8 - Tax Remittances

Types of Tax Deposit Schedules

Monthly Deposit Schedule

Semiweekly Deposit Schedule

Federal Unemployment Deposit Schedule

$100,000 Next-Day Deposit Rule

Accuracy of Deposits Rule

Deposits not on Business Days

Remittance Method

The Form 941 Quarterly Federal Tax Return

Form 941 Discrepancies

Prior Period Adjustments

Federal Tax Deposit Penalties

Trust Fund Recovery Penalty

State Tax Remittances

Local Tax Remittances

Chapter 9 - Unemployment Taxes

Responsibility for Unemployment Tax Payments

FUTA Tax Calculation

FUTA Tax Deposits

FUTA Tax Payment Timing

FUTA Tax Reporting

State Unemployment Taxes

Unemployment Benefit Claims

Calculation of the State Unemployment Tax Rate

Voluntary Unemployment Contributions

Transferring an Unemployment Experience Rating

Chapter 10 - Payments to Employees

Payments with Cash

Payments by Check

Payments by Direct Deposit

Payments by Pay Card

Flexible Spending Account Debit Cards

Unclaimed Wages

IRS Letter Forwarding

Chapter 11 - Accounting for Payroll

The Accounting Journal Entry

The Chart of Accounts

The General Ledger

The Payroll Journal

Where to Record Payroll Transactions

Types of Payroll Journal Entries

Primary Payroll Journal Entry

Accrued Wages

Accrued Bonuses

Accrued Commissions

Benefit Payments

Accrued Benefits

Stock Subscriptions

Manual Paycheck Entry

Employee Advances

Accrued Vacation Pay

Tax Deposits

Payroll Information in the Financial Statements - Wages

Payroll Information in the Financial Statements – Payroll Taxes

Chapter 12 - Payroll Reports

Payroll Register

Form W-2

Form W-3

Corrections to Forms W-2 and W-3

Form 1099-MISC

New Hire Reporting

Chapter 13 - Payroll Recordkeeping

The Employment Application

The Employer Identification Number

The Social Security Number

Employment Eligibility Verification

The Withholding Allowance

The Personnel File

Mandated Document Retention

Chapter 14 - Payroll Procedures

Forms: The Timecard

Forms: The Paycheck and Remittance Advice

Procedure: Add an Employee

Procedure: Timecard Data Collection

Procedure: Commission Calculation

Procedure: Process Payroll

Procedure: Issue Payments to Employees

Chapter 15 - Payroll Controls

General Controls

Payroll Calculation Controls

Cash Payment Controls

Check Payment Controls

Direct Deposit Controls

Self-Service Controls

Garnishment Controls

Employee Advances Controls

Vacation Pay Controls

Chapter 16 - Payroll Measurements

Payroll Entries to Headcount Ratio

Payroll Transaction Error Rate

Form W-2c to Form W-2 Ratio

Outsourced Payroll Cost per Employee

Annualized Compensation per Employee

Net Benefits Cost per Employee

Sales per Person

Profit per Employee

Employee Turnover

Chapter 17 - The Outsourcing Option

Overview of Payroll Outsourcing

Reasons to Outsource Payroll

Reasons not to Outsource Payroll

The Outsourced Payroll Contract

The Transition to Payroll Outsourcing

Managing Outsourced Payroll

Measuring Outsourced Payroll

Terminating an Outsourcing Arrangement

Appendix - Federal Payroll Tax Calendar

Glossary

 

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