October 19 2023

Payroll Launchpad - Unveiling The Foundations



Payroll Launchpad - Unveiling The  Foundations

Payroll Launchpad - Unveiling The Foundations
Published 10/2023
MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English | Size: 3.21 GB | Duration: 4h 38m

Covers the basics of payroll processes to legal compliance and payroll tax calculations on withholdings


What you'll learn
Understand the role and importance of payroll in organizations
Learn about tax obligations, labor laws and reporting requirements
Master your understanding of wages, deductions and taxes
Learn best practices for maintaining accurate payroll records
Requirements
No prior experience is required. This course starts from the basicsto give you a solid foundation to build off of.
Description
Ignorance Isn't Bliss: The Consequences of Ignoring US Payroll LawsPicture this: Your business is flourishing, employees are dedicated, and the future looks bright. But in the fast-paced world of payroll management, ignorance or oversight can lead to dire consequences. Failing to adhere to payroll laws isn't just risky–it's a potential minefield of legal and financial setbacks that can shake the very foundation of your success.Walmart Inc. (2008)Walmart settled a class-action lawsuit for $640 million regarding allegations of wage and hour violations. The lawsuit claimed that the company had failed to provide proper meal and rest breaks, resulting in underpaid wages for hundreds of thousands of employees.Wells Fargo (2016)Wells Fargo faced a penalty of 185 million for creating unauthorized customer accounts to meet sales targets. This case also involved employees being pressured to meet unrealistic sales quotas, leading to unethical practices.Here's a brief description of what we'll go over in this course so you can avoid (or make sure the company you work for avoids) these costly mistakes:Introduction to Payroll ManagementUnderstand the role and importance of payroll in organizations.Explore the key components of payroll processing.Legal and ComplianceNavigate through complex payroll regulations and stay compliant.Learn about tax obligations, labor laws, and reporting requirements.Calculating PayrollMaster your understanding of wages, deductions. Explore overtime calculations and special scenarios.Record Keeping and ReportingLearn best practices for maintaining accurate payroll records.Reports for management and auditing purposesWho Should Enroll?Aspiring Payroll ProfessionalsHR Personnel and AdministratorsSmall Business OwnersAccounting and Finance StudentsAnyone Seeking a Career in Payroll
Overview
Section 1: Introduction
Lecture 1 Beginning Payroll
Section 2: What is an employee?
Lecture 2 What is an Employee?
Section 3: Basic payroll concepts and terminology
Lecture 3 Basic Payroll Concepts and Terminology Part 1
Section 4: Basic Payroll Concepts and Terminology - Part 2
Lecture 4 Basic Payroll Concepts and Terminology - Part 2
Section 5: Taxes and Withholdings
Lecture 5 Taxes and Withholdings
Section 6: Payroll Reporting
Lecture 6 Payroll Reporting
Section 7: Record Keeping
Lecture 7 Record Keeping
Our Payroll Foundations Course is designed for a wide range of individuals, including aspiring payroll professionals, HR personnel, small business owners, accounting and finance students, and anyone looking to establish a strong understanding of payroll management

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