4-Hour Virtual Seminar: Bulletproof Your Payroll Operations Against Audits
Facing Multi-State Payroll Risks? We’ve Got You Covered!
Instructor :
Mark Schwartz
Webinar ID:
17656
Date: OCT 10, 2024 (THU)
Start Time: 10 AM PT - 02:00 PM PT
Duration: 4 Hrs.
What will you learn
-
- Understand What It Means To Be Audited And Its Impact.
- Evaluate Payroll System For Risk Areas And Potential Compliance Gaps.
- Quantify Audit Exposure And Estimate Potential Costs Involved.
- Identify Common And Costly Payroll Management Mistakes To Avoid.
- Audit-Proof Payroll System Through Effective Internal Audits.
- Fix Past Errors And Adjust Systems For Present Compliance.
- Prepare For Payroll Tax Audit And ….
-
- Understand What It Means To Be Audited And Its Impact.
- Evaluate Payroll System For Risk Areas And Potential Compliance Gaps.
- Quantify Audit Exposure And Estimate Potential Costs Involved.
- Identify Common And Costly Payroll Management Mistakes To Avoid.
- Audit-Proof Payroll System Through Effective Internal Audits.
- Fix Past Errors And Adjust Systems For Present Compliance.
- Prepare For Payroll Tax Audit And Employee Interviews.
- Ensure Records Are Accurate To Avoid Triggering Additional Audits.
- Minimize Penalties And Request Waivers When Necessary Post-Audit.
Course Description
Do you know the common mistakes that trigger payroll audits? While agencies might claim your selection was “random,” the reality is one or more red flags likely made you a target.
-
- If your company is publicly traded, you must comply with the Sarbanes-Oxley Act, which requires sufficient internal controls over payroll systems that affect financial statements.
- For private companies, conducting internal audits is critical to maintaining long-term compliance and preventing issues that could threaten your company’s stability.
Have you faced a payroll audit from various agencies? Proper preparation requires more than just keeping records; it involves understanding what to do and what to avoid to ensure a smooth, quick audit with positive results.
“Penalties for non-compliance can be steep, with some increasing the longer issues go unresolved.”
However, all penalties can potentially be waived if you know the correct way to address them. Since payroll tax audits typically cover a three-year span, more serious compliance violations can lead to bankruptcy or prolonged legal battles.
In this 4-hour seminar, you will learn:
-
- The most common mistakes employers make that trigger audits.
- How to ensure internal controls are audit-ready.
- Strategies to avoid costly penalties and resolve compliance issues quickly.
- Steps for preparing your payroll records and documentation for any audit.
Enroll Now!
Do you know the common mistakes that trigger payroll audits? While agencies might claim your selection was “random,” the reality is one or more red flags likely made you a target.
-
- If your company is publicly traded, you must comply with the Sarbanes-Oxley Act, which requires sufficient internal controls over payroll systems that affect financial statements.
- For private companies, conducting internal audits is critical to maintaining long-term compliance and preventing issues that could threaten your company’s stability.
Have you faced a payroll audit from various agencies? Proper preparation requires more than just keeping records; it involves understanding what to do and what to avoid to ensure a smooth, quick audit with positive results.
“Penalties for non-compliance can be steep, with some increasing the longer issues go unresolved.”
However, all penalties can potentially be waived if you know the correct way to address them. Since payroll tax audits typically cover a three-year span, more serious compliance violations can lead to bankruptcy or prolonged legal battles.
In this 4-hour seminar, you will learn:
-
- The most common mistakes employers make that trigger audits.
- How to ensure internal controls are audit-ready.
- Strategies to avoid costly penalties and resolve compliance issues quickly.
- Steps for preparing your payroll records and documentation for any audit.
Enroll Now!
Why you should attend
In today’s rapidly changing regulatory environment, payroll compliance is more than just a routine task—it’s a critical aspect of your company’s financial health and reputation.
Whether you’ve already been selected for a payroll tax audit or are proactively working to protect your operations, this 4-hour webinar offers actionable insights that can make all the difference.
You’ll learn how to identify red flags that often trigger audits and avoid the common mistakes that can land your organization in hot water. With the increasing complexity of payroll regulations, even minor errors can lead to significant financial penalties, extended legal battles, or even bankruptcy.
This training will arm you with:
-
- Proven strategies for creating and maintaining internal controls over payroll processes that are compliant with the Sarbanes-Oxley Act and other regulations.
- Best practices for conducting self-audits to ensure your records are audit-ready at all times.
- The knowledge to address non-compliance issues swiftly and effectively, minimizing penalties and disruptions.
As companies face audits from multiple agencies, understanding what to do—and what not to do—becomes a key skill in ensuring smooth audits with positive outcomes.
By attending, you will develop a future-proof audit-proofing process, giving you the flexibility to adjust to new regulations and reducing the risk of costly errors.
Invest in your knowledge today and gain the tools needed to navigate the complex world of payroll compliance with confidence.
Join Now!
In today’s rapidly changing regulatory environment, payroll compliance is more than just a routine task—it’s a critical aspect of your company’s financial health and reputation.
Whether you’ve already been selected for a payroll tax audit or are proactively working to protect your operations, this 4-hour webinar offers actionable insights that can make all the difference.
You’ll learn how to identify red flags that often trigger audits and avoid the common mistakes that can land your organization in hot water. With the increasing complexity of payroll regulations, even minor errors can lead to significant financial penalties, extended legal battles, or even bankruptcy.
This training will arm you with:
-
- Proven strategies for creating and maintaining internal controls over payroll processes that are compliant with the Sarbanes-Oxley Act and other regulations.
- Best practices for conducting self-audits to ensure your records are audit-ready at all times.
- The knowledge to address non-compliance issues swiftly and effectively, minimizing penalties and disruptions.
As companies face audits from multiple agencies, understanding what to do—and what not to do—becomes a key skill in ensuring smooth audits with positive outcomes.
By attending, you will develop a future-proof audit-proofing process, giving you the flexibility to adjust to new regulations and reducing the risk of costly errors.
Invest in your knowledge today and gain the tools needed to navigate the complex world of payroll compliance with confidence.
Join Now!
Areas Covered
Understanding Payroll Audits and How to Safeguard Your Organization
- What It Means to Be Audited and the Impact on Your Business
- Evaluate Your System for Risk Areas, Including Overtime, Independent Contractors, Fringe Benefits, Expense Reimbursements, Executive Compensation, Minimum Wage, Multistate Employment, and More
- Quantifying Your Audit Exposure – How Much Will It Cost You?
- Common and Costly Mistakes Made in Payroll Management
- How to Audit-Proof Your Payroll System with Internal Audits
- Steps to Fix Past Errors, Adjust for Present Compliance, and Sustain a Fully Compliant Process
What to Do If You’re Audited
- Preparing for a Payroll Tax Audit
- How to Negotiate Time and Costs Associated with the Audit
- Preparing Yourself and Employees for Interviews (What You Should—and Shouldn’t—Say)
- Ensuring Records Are Accurate and Compliant to Avoid Triggering Additional Audits
- Post-Audit Actions
- Dealing with Assessments, Penalties, and Interest
- When to Request a Waiver and When It’s a Lost Cause
- Strategies to Minimize Audit Penalties
BONUS:
-
- PDF copy of the presentation handout for your future reference.
- Soft copy of the certificate of completion on request.
- Q&A Session with the Presenter: Get your pressing questions answered verbally, via chat or email
Understanding Payroll Audits and How to Safeguard Your Organization
- What It Means to Be Audited and the Impact on Your Business
- Evaluate Your System for Risk Areas, Including Overtime, Independent Contractors, Fringe Benefits, Expense Reimbursements, Executive Compensation, Minimum Wage, Multistate Employment, and More
- Quantifying Your Audit Exposure – How Much Will It Cost You?
- Common and Costly Mistakes Made in Payroll Management
- How to Audit-Proof Your Payroll System with Internal Audits
- Steps to Fix Past Errors, Adjust for Present Compliance, and Sustain a Fully Compliant Process
What to Do If You’re Audited
- Preparing for a Payroll Tax Audit
- How to Negotiate Time and Costs Associated with the Audit
- Preparing Yourself and Employees for Interviews (What You Should—and Shouldn’t—Say)
- Ensuring Records Are Accurate and Compliant to Avoid Triggering Additional Audits
- Post-Audit Actions
- Dealing with Assessments, Penalties, and Interest
- When to Request a Waiver and When It’s a Lost Cause
- Strategies to Minimize Audit Penalties
BONUS:
-
- PDF copy of the presentation handout for your future reference.
- Soft copy of the certificate of completion on request.
- Q&A Session with the Presenter: Get your pressing questions answered verbally, via chat or email
Who is this course for
The following benefits from watching this. Even better when done as a group!
-
- Payroll Manager
- Human Resources Director
- Finance Manager
- Compliance Officer
- Internal Auditor
- Payroll Administrator
- CFO (Chief Financial Officer)
- Accounting Manager
- HR Compliance Specialist
The following benefits from watching this. Even better when done as a group!
-
- Payroll Manager
- Human Resources Director
- Finance Manager
- Compliance Officer
- Internal Auditor
- Payroll Administrator
- CFO (Chief Financial Officer)
- Accounting Manager
- HR Compliance Specialist
Instructor Profile
Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of 20 ongoing audits, from small home-based businesses to large multi-national corporations. He is expert at defining regulatory and statutory requirements from local, State and Federal government agencies; and helping the average businessperson understand what that means to their business. He has processed weekly and bi-weekly payroll checks plus tax forms for businesses with hourly as well as exempt workers, multistate operations and a wide variety of benefits.
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.
