How to Prepare for a Payroll Tax Audit
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Speaker : MARK SCHWARTZ
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When : Tuesday, January 07, 2025
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Time : 01 : 00 PM EST
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Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of 20 ongoing audits, from small home-based businesses to large multi-national corporations. He is expert at defining regulatory and statutory requirements from local, State and Federal government agencies; and helping the average businessperson understand what that means to their business. He has processed weekly and bi-weekly payroll checks plus tax forms for businesses with hourly as well as exempt workers, multistate operations and a wide variety of benefits
Mr.Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. Mark has represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting your employees
Mark prides himself on his outstanding customer service skills. He listens attentively to his clientele, helping them bridge the gap between the small business world and Government bureaucracy. He eagerly assists with clients needs and feels that educating clients toward faster, accurate and more complete payroll processes provide the most value.
Mark is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. Mark is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.
This webinar has been approved for 1.25 HR (General) recertification credit hours toward aPHR™, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™, and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org
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The best offense, they say, is a good defense. In payroll tax administration, this means evaluating your practices against the laws and regulations governing them. Most automated payroll systems get the numbers right when it comes to gross wages and withholdings. The problems come with decisions such as the use of independent contractors, payments that don’t go through payroll, when overtime pay is due, and other areas where the law is not clearly defined.
If you review your procedures thoughtfully, you won’t have to fear what so many do in a Federal or State audit. Mark Schwartz has over 10 years of experience as both an auditor for the State of California and as a consultant to small and large employers. In this webinar, Mark will help you evaluate and adjust your payroll operations to minimize exposure in an audit.
Learning Objectives
- Types of audits you face as an employer
- The IRS’ directives to auditors on what to focus on in payroll audits
- Consultant’s experience in the trenches of over 200 payroll tax audits
- How does the IRS determine issues for your company?
- Penalties and how to minimize/avoid them
- Responsible parties
- How do you conduct yourself if you are audited?
Who Should Attend
Payroll managers, payroll staff, department managers, financial executives, internal and external auditors.
Topic Background
Whether it is an internal audit, an external audit, a State or Federal Tax Audit, or a simple review of your system, audits are a part of doing business. The stakes are highest with a third-party audit, so why not be prepared? Take this advice from a payroll auditor with over 10 years of experience. You can review your system and be prepared for any eventuality. Mark will update you on the latest from the IRS about the payroll tax audit focus. He will also advise you on what records you need, how to be interviewed, how to prepare staff, and much much more.
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$160.00
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