This Event has Passed
Tuesday, August 14, 2018
1:00 PM - 2:30 PM
1:00 PM - 2:30 PM See all dates and Times
https://bit.ly/2J6FGYn
OVERVIEW Abandoned wages, abandoned property, escheat…the process may have many names but only one real requirement. All “holders” (aka employers) must report unclaimed wages to the proper state, at the proper time, in the proper manner using the proper method. No ifs, ands or buts. The trouble is many employers are simply not aware of these requirements.
WHY SHOULD YOU ATTEND
Failure to comply with state regulations could now result in audit assessments, significant interest accumulations, and criminal penalties. The ramifications may not even be limited to one state. For instance, organizations with the corporate headquarters in one state and employees in other states could be liable for penalties in all states that they have employees. It all depends on which employee did not claim which paycheck. And given the current economic environment, many states have moved towards unclaimed wages as a source of revenue that can be easily tapped with existing laws and a crackdown on enforcement.
AREAS COVERED
• When are wages considered abandoned
• What are the unclaimed wages laws or regulations
• What is payroll’s responsibility relating to abandoned wages
• What processes to take to correctly report and remit unclaimed wages
• Liability issues—what do you do if you have an outside payroll service
LEARNING OBJECTIVES
It is every employer’s responsibility to identify which paychecks have remained unclaimed by employees and to turn over these “unclaimed wages” to the appropriate state annually. But most employers are unaware of this requirement and are equally unaware of the penalties, fines and especially interest that can be levied against such employers by the state. This webinar explains when wages are considered abandoned, how to track and submit these checks to the appropriate state, abandoned wages penalties and how to perform the required due diligence.
WHO WILL BENEFIT
• Payroll Professionals
• Human Resources
• Accounting Personnel
• Business Owners
• Lawmakers
For more detail please click on this below link:
https://bit.ly/2J3piYF
Email: [email protected]
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
WHY SHOULD YOU ATTEND
Failure to comply with state regulations could now result in audit assessments, significant interest accumulations, and criminal penalties. The ramifications may not even be limited to one state. For instance, organizations with the corporate headquarters in one state and employees in other states could be liable for penalties in all states that they have employees. It all depends on which employee did not claim which paycheck. And given the current economic environment, many states have moved towards unclaimed wages as a source of revenue that can be easily tapped with existing laws and a crackdown on enforcement.
AREAS COVERED
• When are wages considered abandoned
• What are the unclaimed wages laws or regulations
• What is payroll’s responsibility relating to abandoned wages
• What processes to take to correctly report and remit unclaimed wages
• Liability issues—what do you do if you have an outside payroll service
LEARNING OBJECTIVES
It is every employer’s responsibility to identify which paychecks have remained unclaimed by employees and to turn over these “unclaimed wages” to the appropriate state annually. But most employers are unaware of this requirement and are equally unaware of the penalties, fines and especially interest that can be levied against such employers by the state. This webinar explains when wages are considered abandoned, how to track and submit these checks to the appropriate state, abandoned wages penalties and how to perform the required due diligence.
WHO WILL BENEFIT
• Payroll Professionals
• Human Resources
• Accounting Personnel
• Business Owners
• Lawmakers
For more detail please click on this below link:
https://bit.ly/2J3piYF
Email: [email protected]
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
