What AP Needs to Know About Payroll and Vice Versa

Duration: 90 Minutes
Buy this Live Training Program and get 1 ON-DEMAND Recorded Training Program of your Choice Free.
This webinar concentrates on how payroll and accounts payable must work together to ensure compliance with taxation and reporting requirements under the Internal Revenue Code for all payments made in accounts payable to employees. It discusses how, by working together all year round and not just at year end, results in optimum efficiency for both departments. It also ensures that both departments are handling the taxation and/or reporting of payments in total compliance with applicable tax laws.
Accounts Payable Training
Instructor: Vicki M. Lambert
Product ID: 500289

Accounts payable (AP) processes numerous payments during the year on behalf of or directly to employees. Employees are given payments for expenses or are provided benefits that may be impractical to process through payroll, so they are processed through AP. These can include such disbursements as business expense reimbursements, educational assistance, auto allowances, relocation or moving expenses, club dues, medical expenses, dependent care, employee referral awards, and suggestion awards. Some benefits do not involve direct payment to employees but may be taxable nonetheless. These include personal use of a company vehicle, in-kind dependent care, health club memberships, employer-provided meals, length-of-service and safety awards, free use of company-provided services, cell phones, Christmas or other holiday gift certificates, and employee recognition awards.

But what is the tax status of all of these types of payments? Is it taxable and reportable or nontaxable and still reportable or nontaxable and non-reportable? Those are the questions that must be answered for each and every payment each and every time one is made.Who should make the determination on the taxation and reporting? How should the information be provided to payroll if needed? Those questions and many more will be answered in the webinar. This webinar discusses how, by working together all year long AP and Payroll can ensure compliance with the taxation and reporting requirements of the Internal Revenue Code. The webinar reviewsthe various types of payments made through accounts payable, how they should be taxed and how they should be reported to payroll to ensure the information is processed in a timely and professional manner.

Why Should you Attend:
Attend this 90 minute presentation to learn the best practices for both accounts payable and payroll when it comes to working together to ensure the company's compliance with the taxation and reporting of fringe benefits and other payments made through accounts payable.

Objectives of the Presentation:
The attendee will learn:
  • How sharing information all year long instead of only at year end ensures greater compliance
  • Why payroll should make the call when deciding what is or is not taxable and reportable under the IRS rules and who gets the personal penalties if there is an error.
  • Why payroll should come to AP for the information and not vice versa and why AP should make sure they do
  • What is the only payment off the table when it comes to taxing and reporting through payroll and why it that may not apply in all cases.
  • When De Minimis applies and when it does not when it comes to taxation.
  • When are moving expenses taxable and reportable and when only taxable or only reportable.
  • How auto allowances may be taxable one month and not the next.
  • When employee achievement awards are taxable and when they are not.
  • When cell phone bills must be scrutinized for taxable wages.
  • When employee achievement awards must be reported.
  • How gifts certificates must be handled to comply with IRS regulations
Who can Benefit:
  • Payroll professionals
  • Accounts Payable professionals
  • Human Resources
  • Accounting Personnel
  • Business Owners
  • Lawmakers
  • Attorneys
  • Any individual or entity that must deal with the complexities and requirements of determining the taxation of items paid out of accounts payable
$300
Recorded Session for one participant
Get life time access with download option!
Book this course
Pay Now
  $450.00 Training CD
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
  $550.00 Training USB Flash Drive
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
For multiple location please contact our customer care team +1-510-857-5896.
How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • 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:
Vicki M. Lambert, CPP is President and Academic Director of The Payroll Advisor™ a firm specializing in the training of payroll professionals. With over three decades of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert is a sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States as well as serving as an in-house trainer for businesses such as Sun Microsystems, Fox Studios, Disney, County of Riverside and the City of Hesperia. Ms. Lambert currently produces and presents payroll related audio seminars, webinars and webcasts for clients, APA chapters and business groups throughout the country. Ms. Lambert is an adjunct faculty member at Brandman University in Southern California and is the creator of and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA.
View More