Garnishments are a requirement of doing business and having employees but juggling the requirements of different types of garnishments and federal and state laws can be exhausting. This webinar will give you the tips and tools to know how to stay compliant and process garnishments Will talk about all the recent updates to Garnishment legislation due to the COVID-19 pandemic including what garnishments should be stopped what should continue etc. Along with challenges and risks employers hold when not properly handling garnishments. Will review the impact of garnishments due to the recent tax reform accordingly.
Learning Objectives:-
Better understanding the employer's responsibilities
Define how to properly calculate Garnishment deductions. According to the law or the order or a little bit of both?
Understanding lump sum reporting requirements and how to comply
Proper order of garnishment priority when an employer receives multiple orders.
How to determine which law to follow state or federal?
Understanding the CARES act and how it affects student loan garnishments
What is the IRS saying about federal tax levies during the COVID-19 national emergency?
Agenda:-
Child Support Review
Employer Responsibility/Employee Protections
Priority of Withholding/Multiple Orders
Child Support withholding requirements
Defining Income/Calculating disposable pay
Lump Sum Payments
Calculating Child Support Payments
When to remit payments
Administrative fees
Handling terminated employees
E-IWO (electronic income withholding orders)
Other Child Support Concerns
Medical Support Orders
Details of State Requirements
Levy Review
Federal Tax Levies
Forms
Priorities
Calculating deductions
Special Situations
Remittance Requirements
Voluntary Deductions
Other Federal Garnishments/CARES Act
State Tax Levies
Requirements
State Laws
Creditor Garnishments
Who Should Attend:-
Payroll Professionals
HR Professionals
Accounting Professionals
Finance Professionals
Business Owners
Compensation and Benefits Executives
Compensation Analysts
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