PPT-Payroll Basics For First Time Employees

Every business owner must start somewhere and even if you have grown up around business owners or your family runs a business that you are involved in going it alone can be a whole different kettle of fish While its highly advisable that new business owners seek professional help and guidance when setting up their company and preparing to take on and pay a workforce there are a few basics that it can be helpful to understand before you begin intake proceedings. Payroll is defined as a method of administrating employees’ salaries in the organizations. The process consists of calculation of salaries and tax deductions of the employees, administrating the retirement benefits and disbursements of salaries to employees. It can also be called as an accounts activity which undertakes the salary administration of employees in the organization. . Chapter 6. 2. List and understand the three main categories of payroll fraud.. Understand the relative cost and frequency of payroll frauds.. Define a ghost employee.. List and understand the four steps to making a ghost employee scheme work.. . WELCOME TO . Wright State University. PAYROLL HOURS, LOCATION AND MAIN NUMBERS. LOCATION: 301D University Hall . HOURS: 8:30 a.m. to 5:00 p.m., Monday through Friday. MAIN PHONE LINE: 937-775-2249. Chapter 15. 15-. 1. Learning Objectives. Describe the major business activities and related information processing operations performed in the human resources management (HRM)/payroll cycle.. Discuss the key decisions to be made in the HRM/payroll cycle and identify the information needed to make those decisions.. Objectives. Calculate gross payroll using multiple methods. List and compute withholdings. Compute net pay. Prepare payroll register. Explain distribution methods. Record payroll transactions in the general journal. Missey Jackson, CPP. Payroll Director. Parallon/HCA. Topics. Payroll Fraud. Statistics. Red Flag Indicators. Types of Payroll Fraud. Payroll Fraud Prevention. Recent Payroll Fraud . Cases. Payroll Privacy. OfficeKit HR is one of best, most comprehensive and user-friendly HR management software solutions with specific modules to take care of specific processes like leaves, payroll, appraisal, and so on. The features in our payroll processing software is easy accounting of employee salary, tax, leave, generating pay slips, reports, and more. For more details visit: https://www.officekithr.com Presented by your Payroll Team. Thursday, October 12, 2017. Housekeeping. Sign in sheet. Restrooms . In case of an . emergency. If visiting, please be sure to return badge at front desk when you sign out. Chapter 13. 1. FOSTER School of Business Acctg.320. Questions Addressed. What are the basic business activities and data processing operations that are performed in the human resources management (HRM)/payroll cycle?. Contrary to what some non-business minds may tell you, when put in place effectively, outsourcing payroll can be a fantastic way of cutting costs and giving a business an even better return on their investment. Read on to know more: . Agenda.  . Mission Statement. Responsibility Breakdown. New Appointments. Employee Records . Payment for Faculty and Academics. Pay Year Types. Faculty Contract Details. Reporting . Small businesses are said to employ almost half of all workers in the U.S. and if you run a business with employees, then your payroll is likely to be a little different this year; here are the top 10 changes to payroll for 2019: Naturally, as an employer it’s your responsibility to ensure that your employees are paid accurately and in a timely manner, irrespective of how many workers you have. You must be aware of all laws pertaining to payroll and stay up to date with the myriad changes to these laws that can occur throughout the year. You also need to understand payroll taxes and be sure to file accurately and on time to avoid costly penalties. For most employers, payroll can be a minefield and the sensible solution would seem to be that of hiring a payroll professional to help you get it right. The Benefits of Reading Books