US Payroll & Compliance

Courses

US PAYROLL & COMPLIANCE

NumbersNest Academy

The US Payroll & Compliance Training Course is designed to provide participants with a solid understanding of payroll processes, tax regulations, and compliance requirements specific to the United States. This course will equip you with the knowledge and skills needed to manage payroll effectively.

Key Points

Payroll Fundamentals

⁍ Explore the basics of payroll management, including salary calculations, deductions, and tax withholdings.
⁍ Understand federal and state payroll laws, including the Fair Labor Standards Act (FLSA) and the Internal Revenue Code (IRC).
⁍ Learn how to process payroll accurately and efficiently.

Tax Compliance

⁍ Dive into the intricacies of payroll taxes, including Social Security, Medicare, and federal income tax.
⁍ Stay up-to-date with tax rate changes and reporting requirements.

Employee Benefits and Records

⁍ Learn about employee benefits administration, such as health insurance, retirement plans, and paid time off.
⁍ Understand record-keeping obligations, including maintaining accurate payroll records and employee files.

Legal Compliance

⁍ Explore employment laws related to payroll, such as the Family and Medical Leave Act (FMLA) and the Affordable Care Act (ACA).
⁍ Address wage and hour compliance, overtime rules, and employee classification.

Legal Compliance

Assessment

Practical Assignments

Participants will complete hands-on assignments related to payroll processing and compliance.

Understanding US Payroll
Understanding US Payroll Tax
Payroll Processing and Preparing Journals
Recording Payroll in QB Online & Xero
Accounting for Payroll & Payroll Tax
Preparing Payroll work sheet and Reconciliation
Understanding process of Preparing Payroll Returns
What is 1099 form?
Understanding types of 1099 Forms
Understanding process of Preparing 1099 Form

Course Details

Duration

1 month (Mon-Fri, 2 hours daily)

Delivery Format

Instructor-led

Prerequisites

Understanding of US Payroll & Compliance

NumbersNest Academy