21 Progression Series - 6
3
THE EXEMPT EMPLOYEE
Coverage under the FLSA
White collar exemptions
- Administrative
- Executive
- Professional
- Outside sales
White collar exemption issues
- Highly compensated employees
- Salary basis
- Allowable and improper
deductions
Collective bargaining agreements
Managing wage and hour
investigations
Public contract acts
- The Walsh-Healy Public
Contracts Act
- The Davis-Bacon Act
- The Contract Work Hours and
Safety Standards Act
- The Service Contract Act
- The Copeland Anti-Kickback Act
FAMILY AND MEDICAL LEAVE ACT
Eligibility and covered employers
Types of leave
Notification requirements
Intermittent leave
Job restoration
Benefits continuation
Interaction of FMLA, cafeteria
plans, and COBRA
FEDERAL TAX REPORTING
CORRECTIONS/ADJUSTMENTS
Correcting and replacing
Forms W-2
Completing Form W-2c
Completing Form W-3c
Adjustments for overpayments
and underpayments
Completing Form 941-X
Reconciling wages and taxes
Special wage payment reporting
Electronic filing
TAXATION OF EMPLOYER-PAID
BENEFITS
Business travel expenses
Stock options
© 2021 API Fund for Payroll Education, Inc.
ADVANCED PAYROLL
CONCEPTS
Course Outline*
- Incentive stock options
- Employee stock purchase plans
- Nonqualified stock options
Nonqualified deferred
compensation
- Income taxation and reporting
under Section 409A
- Social security and Medicare
taxation and reporting
Health and welfare plans
- Health insurance tax treatment
- Benefits for same-sex spouses
and domestic partners
- Health Savings Accounts
- Health Reimbursement
Arrangements
- Qualified Small Employer
Health Reimbursement
Arrangements
- Paying COBRA
Affordable Care Act and
large employers
- Full-time employees
- Applicable large employer status
- Employer shared
responsibility payments
- Completing Forms 1094-C
and 1095-C
Whole-life insurance
Adoption assistance
Advances and overpayments
EXPATRIATE TAXATION OVERVIEW
Defining expatriates
Federal income tax withholding
Foreign earned income and
housing cost exclusions
Social security, Medicare, and
FUTA taxation
U.S. income tax treaties
Totalization agreements
Tax reimbursement policies
Shadow payrolls
RESIDENT AND NONRESIDENT
ALIENS
Definition of alien status
6
Taxation overview
Form W-4 requirements
Federal income tax withholding
Social security and
Medicare taxation
Forms 1042, 1042-S, and 1042-T
SPECIAL PAYROLL TOPICS
Paycards and paycheck issues
Identity theft and the use of SSNs
Non-tax deduction reporting
- Charitable contributions
Escheatment
Census reporting
Multiple worksite reporting
Pension payments and
withholding
Holder in due course
PAYROLL SYSTEMS
Developing a process, procedures,
and policies manual
Interfaced vs. integrated system
System implementation process
Maintaining the payroll system
Workflow
System updates
Post project plan review
PAYROLL DEPARTMENT
OPERATIONS
Internal controls
- Phantom employees
- Segregation and rotation
of job duties
Recordkeeping
FLSA enforcement and penalties
Sarbanes-Oxley Act compliance
HIPAA records confidentiality
Management practices
Update department processes
LEADING A PAYROLL
DEPARTMENT
Leadership concepts
Management practices
and theories
Customer satisfaction surveys
*Program is subject to change without notice.
21 Progression Series
Table of Contents for the Digital Edition of 21 Progression Series
21 Progression Series - 1
21 Progression Series - 2
21 Progression Series - 3
21 Progression Series - 4
21 Progression Series - 5
21 Progression Series - 6
21 Progression Series - 7
21 Progression Series - 8
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