Preparing for a Payroll Tax Audit - Survive with an A grade!
Mark Schwartz
Live: One Dial-in One Attendee
Corporate Live: Any number of participants
Recorded: Access recorded version, only for one participant unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)
Corporate Recorded: Access recorded version, Any number of participants unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)
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This activity has been approved for
1.25 HR
(General) recertification credit
HRTraininngs is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®.
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1-hour and 15 minute concurrent conference session = 1.25 PDCs.
3-hour e-learning course = 3 PDCs.
Whether it is an internal audit, an external audit, a State or Federal Tax Audit, or a simple review of your system, audits are a part of doing business.
The stakes are highest with a third party audit, so why not be prepared? Take this advice from a payroll auditor with over 10 years experience. You can review your system and be prepared for any eventuality. Mark will update you on the latest from the IRS about payroll tax audit focus. He will also advise you on what records you need, how to be interviewed, how to prepare staff, and much much more.
Why you should Attend:
The best offense, they say, is a good defense. In payroll tax administration, this means evaluating your practices against the laws and regulations governing them. Most automated payroll systems get the numbers right when it comes to gross wages and withholdings. The problems come with decisions such as use if independent contractors, payments that don't go through payroll, when overtime pay is due, and other areas where the law is not clearly defined.
If you review your procedures thoughtfully, you won't have to fear what so many do - a Federal or State audit. Mark Schwartz has over 10 years of experience as both an auditor for the State of California, and as a consultant to small and large employers. In this webinar, Mark will help you evaluate and adjust you payroll operations to minimize exposure in an audit
Areas Covered in the Session:
- Types of audits you face as an employer
- The IR'S directives to auditors on what to focus on in payroll audits
- Consultant's experience in the trenches of over 200 payroll tax audits
- How the IRS determines issues for your company
- Penalties and how to minimize/avoid them
- Responsible parties
- How to conduct yourself if you are audited
Who Will Benefit:
- Payroll Managers and Staff
- Financial Auditors and Management
- HR Managers and Staff
- Accountants
- IT Personnel
Mr.Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. Mark has represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting your employees.
Mark prides himself on his outstanding customer service skills. He listens attentively to his clientele, helping them bridge the gap between the small business world and Government bureaucracy. He eagerly assists with clients needs and feels that educating clients toward faster, accurate and more complete payroll processes provide the most value.
Mark is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. Mark is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.