Procedures For Correctly Handling Termination Pay

In these tough economic times, layoffs have been occurring in companies of all sizes.

As a result, payroll personnel are forced to deal with tax issues they may not have encountered previously. So sometimes an inexperienced or overworked Payroll Department may be overwhelmed with having to pay outgoing employees and administer severance agreements that may have different consequences depending upon the state the employee works in!

Learning Objectives:

By attending this audio conference you will learn:

• The timetable for how quickly your employees have to be paid in each state where you have workers
• The payroll tax consequences of payments made to an employee as part of a severance or layoff
• The difference between providing wage continuation versus lump sum severance
• Whether severance can be used when determining the benefits an employee will receive from the Unemployment office
• How Supplemental Unemployment Benefit Plans be used to decrease the costs associated with severance payments
• How wage continuation and lump sum severance payments affect unemployment insurance benefits.
• Whether severance is taxable or non-taxable
• How the new Stimulus Act effect the provision of COBRA to those employees that have been terminated

Presented By:

Mindy Harada, CPP, is an employment tax specialist who has over 17 years of employment tax experience as an independent consultant, an employee with one of the Big 4 firms, and as a payroll tax auditor. Ms. Harada previously was the west coast practice leader for the Employment Tax Practice at Deloitte Tax LLP.

Ms. Harada is a frequent presenter on various employment tax topics at APA events and for several payroll service providers on a national basis. She has presented before the Society of CPAs and has also spoken at several Payroll Conferences throughout the country.

Who would benefit from this program:

• HR Managers
• HR Directors
• HR Professionals

Continuing Education:

• This program has been approved for 1.5 recertification credit hours through the HR Certification Institute.For more information about certification or recertification, please visit the HRCI homepage.

Product Options:

• Audio Conference CD Only: $199.00

Length: 1 hour 30 minutes