Desription

Employers have more chances to be audited than ever before. And although most of us think of IRS when the word audit is mentioned they are not the only ones who audit. Wage and hour audits on the federal level are on the increase. In fact, the IRS and the DOL are working together with the counterparts in almost every state to ensure compliance by employers using audits. It is not a matter of “if” but “when” the notice arrives. Make sure you know what to do and how to do it when the inevitable happens!

What do you do when the IRS contacts you? Panic, Procrastination, Belligerence and Ignorance are big mistakes! This webinar delves into what to (and not to) do when you receive communications from the IRS and what to do when doing business with other federal, state and local regulatory agencies and lawmaking bodies. The IRS takes a variety of steps to combat perceived employment tax non-compliance, with the upshot being significant criminal penalties and convictions resulting in incarceration, heavy fines, or usually both. Whether or not there is a violation, and many times there is not, all those steps begin with written and oral communication to the entities involved. Proper courtesy goes a long way to make your experience easier but more than that is needed to ensure successful communication.

Learning Objectives:

• Identify legitimate IRS notices and respond correctly to avoid penalties
• Implement internal audits to prevent payroll and tax compliance issues
• Recognize payroll fraud indicators, including phantom employees and false deductions
• Ensure federal and state wage law compliance to avoid audits
• Stay updated on evolving IRS and federal audit trends and regulations

Major Topics:

• IRS Notices & Compliance
• Internal Audits & Risk Management
• Payroll Fraud Detection
• Wage & Tax Compliance

Emerging Audit Trends

By the end of this course, you’ll have a solid roadmap for staying ahead of IRS audits and maintaining compliance with evolving 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 for Year End closing and preparing for the upcoming year