Free Payroll Webinar- What Can and Cannot be Deducted from an Employees Wages

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What Can and Cannot be Deducted from an Employees Wages

Ascentis hosted a free payroll webinar What Can and Cannot be Deducted from an Employee’s Wages. This free payroll webinar recording is no longer available, but Ascentis hosts a library of similar upcoming titles and many other on-demand payroll webinars. Just click here to view them. Below is the summary of the webinar.

On Nov 2, we presented our free payroll webinar was  titled What Can and Cannot be Deducted from an Employees Wages with guest speaker Vicki Lambert, CPP. In payroll we must calculate the gross wages of an employee by meticulously following strict regulations on what must be, or must not be, counted as hours worked and taxable income. Employees are paid their net paycheck only by the payment method that is permitted. What about in between? When it comes to deducting from employees gross wages to achieve the net income, are you strictly following the rules? Failure to follow the regulations relating to employee wages deduction can result in substantial penalties and interest.

During the free payroll presentation you will learn:

• Taxes- which are mandatory, which are a courtesy, and which ones the employee controls
• Child support- the limits, but not beyond
• Tax levies- federal and state
• Creditor garnishments- how many can you honor and how often
• Voluntary wage assignments for “payday loans”- when are they required to be honored
• Meals- when they become part of the employees’ wages
• Uniforms-  when the employee should pay for it and when the employee should provide it
• Lodging- when is it part of wages and when is it a perk
• Loans to employees- what terms can be set while the employee is still active and what can be taken when the employee terminates and much more
• Employee purchases- active employees and terminated employees
• Loans to employees- what terms can be set while the employee is still active and what can be taken when the employee terminates
• Advanced vacation pay—the employee knows the vacation hours were advanced so we can take them back when the employee quits can’t we?