Payroll Concepts

This course provides a detailed understanding of critical employee classifications, administrative processes, and regulatory compliance required for accurate payroll.

You will gain essential knowledge in the following areas:

• Employee Classification: Learn the distinctions between employees vs. non-employees and exempt vs. nonexempt employees
• Administrative Foundations: Master the concepts of various pay periods and identify all required payroll documents for compliant record-keeping
• Regulatory Compliance: Understand the rules governing travel and overtime pay, including state and federal requirements
• IRS Reporting and Retention: Learn the specific rules for 1099 reporting for non-employees, as well as the IRS rules for retaining payroll documents

Upon completion, you will be equipped to confidently manage classification issues and ensure strict adherence to payroll regulations.

This course is included in the Mastering Payroll Certificate.