Termination Pay: When to Pay It, How to Pay It, and How to Tax It
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 on Tuesday, June 24, for Termination Pay: When to Pay It, How to Pay It, and How to Tax It.
You'll learn 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.
Editorial Director, HR Specialist
P.S. Early Registration Bonuses. Our first 50 registrants will receive two bonus gifts – our top-selling book, Fire at Will: Terminating Your Employees Legally, and one month of access to our exclusive HR Specialist Premium Plus online service at TheHRSpecialist.com. See below.
P.P.S. We promise you'll be satisfied. If, after attending, you decide that Termination Pay: When to Pay It, How to Pay It, and How to Tax It isn’t all we’ve promised AND MORE, we will immediately refund 100% of your tuition. No hassles, no questions asked – but your copy of Fire at Will and your full month of Premium Plus are yours to keep. It’s that simple.
|Tuesday, June 24
1 to 2:15 p.m. ET
Multimedia CD & Download: $197
Webinar, Multimedia CD & Download: $297
Since this is a webinar, you and your entire staff can attend in the comfort of your office or conference room for one low price! You may include as many people as you wish while listening on a single phone line or computer. Contact us for multi-site discounts.
About Your Speaker:
Mindy Harada Mayo is an employment tax specialist with more than 20 years of experience as an employee of two of the Big Four accounting firms and a payroll tax auditor with the state of California. She is currently a director with the Human Capital Tax Practice at Ryan, LLC. Ryan is an award-winning global tax services firm with the largest indirect tax practice in North America. Mindy is a frequent presenter around the country on employment tax and compensation issues.
Early Registration Bonus:
Fire at Will: Terminating Your Employees Legally. Terminating employees is a legal minefield. Employees have more “protected” employment rights than ever. This 50-page manual provides simple techniques that give you an unassailable legal position when terminating workers. You’ll learn the legally correct steps to take (and to avoid) during a termination and leading up to it.
Extra Added Bonus Gift:
You'll receive one month of members-only access to Premium Plus Online — our comprehensive electronic information service at www.theHRSpecialist.com. Premium Plus Online features online compliance self-audits, over 100 forms and checklists, plus Ask the Attorney (responses to your employment law questions). So that you continue to benefit from Premium Plus, we'll continue your access automatically for just $99 per quarter, unless you tell us "no, thanks" — your choice.
This event has been approved for 1.25 credit hours toward PHR and SPHR recertification through the Human Resource Certification Institute (HRCI)."The use of this seal is not an endorsement by HR Certification Institute of the quality of the program. It means that this program has met HR Certification Institute's criteria to be pre-approved for recertification credit."