Handling Garnishments and Abandoned Wages

Duration: 90 Minutes
The Consumer Credit Protection Act is designed to ensure fair and proper treatment of people with debts. Garnishment orders include creditor debt to child support.
Bankruptcy
Instructor: Miles Hutchinson
Product ID: 500476

What if your employee has more than one garnishment order or declares bankruptcy because they are overwhelmed by their situation? How does the employer handle the situation? How do the garnishment orders get prioritized? What if the amount adds up to more than the employee can bear? What are the limits on take home pay and disposable earnings? What if an ex-employee fails to cash their paycheck and you have lost touch with them?

Garnishments are a real thorn in the side. They take excessive amounts of time to process and execute accurately. The boss just wants to fire the employee who loses control of their finances for wasting precious company resources. But we can’t do that nor can we? Join us to learn just what the obligations and limits are on how many garnishments your employer is required to manage for a single employee and how to process them quickly and efficiently. Also get a handle on how to communicate efficiently with the courts and collection agencies.

Why Should you Attend:
Join Miles Hutchinson, CPA, CGMA to quickly ramp up on this complex law. Learn how to prioritize all the garnishments against your employee’s wages. Find out how the states upset the priority rules in certain situations and how to keep track of the differences. Learn about valuable resources to help you track garnishments and communicate with the courts while helping your employee avoid living out of their car.

Objectives of the Presentation:
  • What is a garnishment?
  • Participate in a review and prioritization of the different types of garnishments
  • When must companies process garnishment orders and may they terminate an employee for these problems
  • Useful tables, charts and other key references for applying the withholding rules and limitations
  • Determining disposable earnings and take home pay
  • Why are there different bases for calculating different garnishments
  • How to prioritize multiple garnishment orders served on the same employee – the rules may surprise you
  • Exceptions to withholding – how to communicate with the source of the garnishment order
  • What are the proper procedures for dealing with unclaimed wages.
Who can Benefit:
  • Payroll Managers
  • HR Managers
  • Tax Managers
  • Information Reporting Officers
  • Compliance Officers
  • Compliance Managers
  • CFOs
  • Controllers
  • Accounting Managers
  • Risk Managers
Live Session - How it works
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  • Get answer to your queries through interactive Q&A sessions via chat
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  • Get certification of attendance.
Recorded Session - How it works
  • A link will be provided to you upon purchase of the recorded session
  • Please click on the link to access the session
  • Presentation handouts in pdf formate will be mailed to you
  • Get certification of attendance.
$300
Recorded Session for one participant
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Live Session - How it works
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  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Miles Hutchinson is a CGMA (Chartered Global Management Accountant) and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company. Miles is a professional speaker and consultant who has presented over 2,000 seminars and training sessions on a myriad of business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act.

He has over 35 years of practical experience in strategic planning, analysis and reporting. He is the author of several useful reporting and tax tools available at www.soxpolicies.com and www.salestaxadvisors.com. His clients include, Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army. Please visit his web sites to see how you can further benefit from his expertise.
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