Course Details

Termination Pay: When To Pay It, How To Pay It, And How To Tax It

Webinar: ID# 1001720
About This Course:
An employee's exit from your organization is the most dangerous time - from a legal AND tax perspective.

To find out if your termination pay practices are correct and compliant with federal and state employment tax regulations, join payroll expert Mindy Harada Mayo for Termination Pay: When to Pay It, How to Pay It, and How to Tax It.

Mindy will reveal answers to questions like:
  • How quickly must you deliver that final paycheck? State laws vary: 14 days? 7 days? 72 hours?
  • What records should you retain for departing employees?
  • What are the rules on severance pay: Is it taxable for federal purposes? How about for state? If severance is paid, can the employee receive unemployment benefits?
  • Is there a difference between providing wage continuation versus lump sum severance?
  • Can you deduct from an employee's final paycheck to recoup for lost company equipment? Can you deduct amounts owed to you by the employee?
Understanding answers to questions like these is essential to your HR and payroll compliance.

More lawsuits and fines are triggered by termination mistakes than at any time during the employees' tenure. And pay mistakes lead the way.

Attend this webinar to discover:
  • When you have to pay a terminated employee in order to comply with wage-and-hour rules.
  • How to handle important withholding issues.
  • Which records to keep (and which to toss) for terminated workers.
  • How to reduce your FICA and FUTA tax and employee withholding.
  • How to use Supplemental Unemployment Benefit Plans to cut your severance costs.
Mindy will also answer your questions during our interactive Q&A session. And because this is a webinar, there is NO LIMIT to the number of attendees you can invite at one location.

Termination pay is one of your most complex and confusing duties. Don't go it alone ... and don't try to guess at the compliance rules. The risks are way too high. Make sure you have the information you need to make the right decisions and avoid expensive fines and lawsuits.
Course Details
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