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VHMA Webinar: Coronavirus-Payroll Issues Managers Must Know
VHMA Member Price: $0; Nonmember Price: $0
The payroll process covers many components: pay rate tracking, employee classification, paid time off, earnings types, tax withholding and remittance, benefit plans, and more. These functions are crucial to all veterinary practices, and employees place a great deal of trust in their employers to "get it right," but the process has an inherently high risk for error and fraud, potentially exposing practices to loss, penalties, and litigation.
The government's Coronavirus rescue packages, which are intended to keep workers employed and/or provide monetary assistance, have ushered in a host of payroll changes, and this session will be focused on these changes and what managers must know to protect their employees and practices.
In a pre-pandemic environment, payroll is challenging. Although these challenges remain and must be carefully addressed, managers are tasked with additional responsibilities during this stressful time, including responding to Coronavirus threats, ensuring employee/client safety, proactively addressing employment issues like exempt/non-exempt workers, reduced work hours and furloughs, benefit programs, tax compliance, and shoring up internal controls and processes.
As Human Resource managers and bookkeepers deal with the burden of new payroll issues and associated tasks due to Coronavirus small business rescue laws, there will be significant adaptions to compensation, benefits, retirement plans, and more. Participants will be better equipped to understand the interpretive and logistical changes to and complexities of payroll preparation and payment during this time of change.
The government's Coronavirus rescue packages, which are intended to keep workers employed and/or provide monetary assistance, have ushered in a host of payroll changes, and this session will be focused on these changes and what managers must know to protect their employees and practices.
In a pre-pandemic environment, payroll is challenging. Although these challenges remain and must be carefully addressed, managers are tasked with additional responsibilities during this stressful time, including responding to Coronavirus threats, ensuring employee/client safety, proactively addressing employment issues like exempt/non-exempt workers, reduced work hours and furloughs, benefit programs, tax compliance, and shoring up internal controls and processes.
As Human Resource managers and bookkeepers deal with the burden of new payroll issues and associated tasks due to Coronavirus small business rescue laws, there will be significant adaptions to compensation, benefits, retirement plans, and more. Participants will be better equipped to understand the interpretive and logistical changes to and complexities of payroll preparation and payment during this time of change.
Original Recording:
Thursday, April 16, 2020
1:00 PM-2:00 PM EST
Credit
CEU1:1.0
Description
Speaker: MARSHA L. HEINKE, DVM, EA, CPA, CVPM
Dr. Marsha Heinke (Ohio State University CVM 1979) is a certified public accountant, enrolled agent, and certified veterinary practice manager. Her firm's team works exclusively with veterinary professionals seeking to improve business systems and quality of care. The firm provides a wide breadth of management consulting services, business valuation, group facilitation, speaking and writing, back-office assistance, tax and accounting services.
