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 Mark Schwartz on Thursday, January 12, for Termination Pay: When to Pay It, How to Pay It, and How to Tax It.

Mark 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.

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

On January 12, 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.

Mark 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.

Sincerely,

Pat DiDomenico, Editorial Director
HR Specialist

P.S. Early Registration Bonus. Our first 50 registrants will receive our top-selling book, 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.

P.P.S. Extra Added Bonus. You'll also get a full month of access to PayrollLegalAlert.com — our exclusive, members-only website. Our helpful articles, forms, tables and charts will help you improve every aspect of your payroll operation — and your website also includes the comprehensive Payroll Compliance Handbook. So that you continue to benefit from PayrollLegalAlert.com, we'll continue your access automatically for just $89 per quarter, until you tell us "no, thanks" — your choice.

P.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, website access and course materials are yours to keep. It's that simple.

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Pricing Options:

Access Every Business Management Daily webinar for one low price!

Webinar: $197
CD Recording & Download: $197
Webinar, CD Recording & 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:

Mark Schwartz is an employment tax specialist with more than 15 years' experience in state and federal payroll tax audits, collections and payroll consulting. As a former payroll auditor, Mark led audits of large multinational corporations to small home-based businesses. He is an expert at defining regulatory and statutory payroll requirements and helping the average businessperson understand what they mean—and how to comply. Mark's engaging and entertaining style make him a popular 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:

You'll also get a full month of access to PayrollLegalAlert.com — our exclusive, members-only website. Our helpful articles, forms, tables and charts will help you improve every aspect of your payroll operation — and your website also includes the comprehensive Payroll Compliance Handbook. So that you continue to benefit from PayrollLegalAlert.com, we'll continue your access automatically for just $89 per quarter, until you tell us "no, thanks" — your choice.


Credit Hours:

The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.
Business Management Daily is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP or SHRM-SCP.
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This event is sponsored by:
Business Management Daily
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(800) 543-2055Customer@BusinessManagementDaily.com