2024 Payroll Record Keeping: Essential Requirements, Timelines, and Formats You Need to Know

HR & Payroll
Sep 27th 2024 01:00 PM ET
Vicki M. Lambert
90 Minutes

Details

Payroll departments receive and submit hundreds of thousands of bits of data each and every year.  Employee master file data such as name and social security number, employee forms such the Form W-4, reports to the IRS such as Form 941, state unemployment insurance quarterly returns, termination dates for employees and even child support withholding orders. 

A critical question that every payroll professional must ask and more importantly answer is “What am I required to keep, in what format and for how long”?  That is what this webinar will discuss.  We will focus on the details at the federal level for the major laws including the Fair Labor Standards Act, the Internal Revenue Code, and Child Support Enforcement. We will discuss how long records must be kept and in what format.  We will review the records needed when a merger or acquisition has taken place and whether or Sarbanes-Oxley is still relevant when it comes to record keeping.  We will also review how to keep the data secure to ensure that what is retained is safe and intact when and if it is ever requested.

 

Areas Covered

  • The importance of record keeping in a payroll department
  • Regulatory agencies with payroll record keeping requirements including:
  • Department of Labor
  • IRS
  • Child Support
  • Others
  • Details of exactly what data needs to be saved and in what format can it be kept.
  • Does Sarbanes-Oxley still matter for record keeping?
  • Mergers, acquisitions and how it affects payroll record keeping.
  • Keeping the data secure to remain in compliance.

 

Why you should attend

Attending this webinar is essential for payroll professionals who need to navigate the complexities of record-keeping amid evolving regulations. With payroll departments managing vast amounts of data, including employee records, IRS reports, and child support orders, understanding the federal requirements under laws like the Fair Labor Standards Act, Internal Revenue Code, and Child Support Enforcement is crucial. This webinar will provide clarity on what data must be retained, in what format, and for how long, while also addressing the impact of mergers and acquisitions on record-keeping and evaluating the relevance of Sarbanes-Oxley in current practices. Additionally, it will cover best practices for securing payroll data to ensure compliance and protect against potential issues. Don’t miss this opportunity to enhance your record-keeping practices and stay compliant with the latest regulations.

 

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

Credits

  • JIT Trainings is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities.

teacher-image

Vicki M. Lambert

CPP, Payroll Advisor
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 nearly 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. She is the instructor for the American Payroll Association’s “PayTrain” online program offered by Brandman University.

F.A.Q

What is a Live webinar/Training Course?

Live training course/ webinar is an Online training seminar which you can access through your computer and laptop or phone and directly interact with our expert speaker and allow to ask questions during the Live webinar. Conference material used by our speaker to the Live webinar will be provide with your Instruction kit before the Training.

What is a Recorded webinar/ Training Course?

Recorded webinars or On-Demand are self-paced audio-visual training program that you can watch at your own pace to earn Continuing Education Units (if applicable). Online, recorded training courses are accessible whenever you choose, for an unlimited number of times. Additionally, you have three months from the purchase date to watch as many times as you like. After a live training or webinar has started, you will receive the instructions and link to access the recorded training course. If it has already been recorded, you can access it right away.

How do I register/purchase training?

Browse our website and choose your interest of webinar and product, select the quantity, click on the ‘Add to Cart’ button to purchase it and check cart option. Enter the asked details to create an account on our website. These details are required in order to deliver you the product. Pay through our 100% secure payment methods. Choose paying by PayPal account or Debit/Credit card.

How do I watch/attend the training course?

Live Training Course- You will get the Live webinar Instruction kit with the joining link one day prior to the Live webinar on your registered email address. Recorded Training Course - You can watch your recorded session by accessing the link which will be provided in instruction kit through your email, or you can access your recorded session link in your registered account.

What are the system requirements to attend a live/Recorded Training Course?

You can easily access your webinars by computer and laptop or with your phone.

What happens if I am unable to join the webinar or live training course?

No need to worry! Your Live Training purchase will be automatically changed in the Recorded webinar which you can watch anytime at per your convenience in your registered account or through Instruction kit on your email. You can directly contact us through chat box or by email support@jittrainings.com regarding the changes.

When and how will I receive information on how to participate in live Training Course or Recorded Training Course?

Live Training Course– You will receive instruction kit one day prior to the Live webinar on your registered email address. Recorded Training Course– Instruction kit to access the Recorded Training Course will be emailed on your registered email address after 24 hours of the Live webinar and in case of pre-recorded webinar you will get your Instructions after 12 hours of your purchase.

Are there any discounts offered for training a group or multiple participants?

Yes. Our group participant training choices are created with large audiences in mind and offer cost-effective options. To learn more, contact us via chat or at support@jittrainings.com.

What are the various modes of payment?

We accept following forms of payment methods: All major credit cards and debit cards are accepted through Stripe - Visa, MasterCard, Discover, American Express etc. We accept payments through PayPal, Invoices. - Email us on support@jittrainings.com or chat with us to know about it.

Why have I not received the Email invitation with the link for the webinar?

Please verify that the email address you provided when joining up with us is accurate. If so, kindly check to see if the email was delivered to your spam or bulk mail folder. If you are still unable to locate this email, we kindly ask that you get in touch with our customer support team by phone or email using the information on the Contact Us page.

Can I share my recorded webinar access link or content with my other colleagues?

The terms and conditions established prior to the purchase were clear that the link supplied was just for your use. Anyone else you know who wants to watch this recorded webinar must do so on their own dime. The recorded webinar is only available as a streaming option; downloading is not permitted.

Reviews

No reviews yet.

purchase options
  • Recorded
    $ 145
  • E-transcript
    $ 155
  • Recorded + E-transcript
    $ 165
  • Recorded with Copyright
    $ 185

Related courses