Supplemental Pay Essentials - Severance Pay, Deferred Compensation, Recordkeeping and Fringe Benefits covers topics such as:
- Definitions and examples of supplemental and regular compensation including optional treatment and exceptions
- Why Congress distinguished supplemental pay and enacted special rules for computing withholding
- When optional methods may be elected and when they may not
- Detailed description of methods used to compute withholding on supplemental pay including examples
- The effect of Form W-4 claims and regular pay period on supplemental pay withholding
- When the mandatory flat rate method must be used and situations in which the employer has options
- Penalties for failure to withhold and penalty avoidance
- Recordkeeping required for compliance with mandatory flat rate withholding rules
- Application of the rules to specific examples of supplemental pay situations
Supplemental Pay Essentials - Severance Pay, Deferred Compensation, Recordkeeping and Fringe Benefits brings together:
- Payroll Consultants
- Payroll Supervisors and Personnel
- Public Accountants
- Payroll Service Providers
- Tax Compliance Officers
- Internal Auditors
- Employee Benefits Administrators
- Enrolled Agents
- Company / Business Owners
- Officers and Managers with Payroll or Tax Compliance Oversight
- Public Agency Managers
- Managers/ Supervisors
- Audit and Compliance Personnel / Risk Managers
