Final Paycheck: Terminating Employees

Processing a terminating employee’s paycheck correctly can be difficult. Not only is there a landmine infested area of state and federal wage and hour laws but the withholding or taxation may even change for this one payment! Therefore, many questions need to be answered before that final check can be processed.

Here are some examples:

• If the employee is terminating voluntarily rather than involuntarily, would that change the date the payment would be due?
• If the employee is now deceased would that change the taxation of their final check?
• What if the employee owes vacation pay, can I take that back?
• What must be done if the terminating employee has a child support deduction?
• The terminating employee has not returned tools, equipment, or uniforms. How does that affect the final paycheck?

To ensure compliance payroll professionals must know the answers to all the questions that might arise when processing an employee’s final paycheck.

Areas covered in this webinar:

• how federal and state wage and hour laws affect termination payments
• state-by-state review of when and how to pay final paycheck
• accrued vacation when it must be paid state-by-state review
• proper handling of deceased employee payments
• state-by-state review for recouping negative vacation balance and overpayments from the employee’s final paycheck
• deducting for missing or unreturned tools, company property, or uniforms
• processing child support, tax levies, and creditor garnishments from the final paycheck
• a brief discussion of the effects fringe benefits can have on final paychecks including stock options and deferred compensation
• Year end and record retention concerns.

Who Should Attend:

• Payroll Executives/ Managers/ Administrators/ Professionals/ Practitioners/ Entry Level Personnel
• Human Resources Executives/ Managers/Administrators
• Accounting Personnel
• Business Owners/ Executive Officers/ Operations and Departmental Managers
• Lawmakers
• Attorneys/ Legal Professionals
• Any individual or entity that must deal with the complexities and requirements of Payroll compliance issues.

Speaker(s)

Vicki M. Lambert, CPP

Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company’s website www.thepayrolladvisor.com offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations. With 40 years of hands-on experience in all facets of payroll functions as well as over three decades as a trainer and author, Ms. Lambert has become the most sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States that have been attended by executives and professionals from some of the most prestigious firms in business today. A pioneer in electronic and online education, Ms. Lambert produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California where she is the instructor for the American Payroll Association’s “PayTrain” online program offered by Brandman University.

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Credits: 1.5

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Credits: 1.5

Credits: 1.5

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