Garnishments, liens and levies are a fact of life in payroll, and handling them is one of the most complex tasks payroll professionals face. This 90-minute wage garnishment training covers the basics, the different types and how to calculate them.
You'll learn about federal and state tax levies, child support, creditor garnishments, bankruptcy orders, student loans and wage assignments, and how to read, understand and evaluate each order. The session explains disposable income, the order of priority when an employee has multiple garnishments, how the Consumer Credit Protection Act (CCPA) works and how to deal with different jurisdictions.
It also covers employer rights and responsibilities, garnishments for former employees, and building a well-planned process that limits risk and cost.
Federal, state and local rules must be followed to the letter, and payroll staff worry about penalties and even personal liability. Most employers would rather not be involved in employees' personal debts, but they must process orders correctly.
This session suits payroll employees and managers, HR personnel, accounting managers, business owners and anyone who handles support orders.
David E Sanders is considered one of the world’s leading experts in accounting, finance, accounts payable, accounts receivable, budgeting, collections, cost accounting, personal finance, personal income taxes, business taxes, business set up, sales and use taxes, internal controls, inventory management, cycle counting, record keeping and vendor/supplier management. He has conducted approximately 10,000 training sessions, including public seminars, on-sites, company training, chambers of commerce trainings, colleges, videos, CDs and webinars worldwide.
Mr. Sanders is called upon nationally and internationally for his SOX training abilities and to perform, walk through interim testing for core financial processes such as internal controls, fraud detection, internal controls, financial reporting, revenue, inventory, and expenditure testing.
The author of four acclaimed books and over 25 seminar workbooks and numerous webinars, he has a talent for breaking things down into easy to understand steps that can be implemented immediately. He was an endorsed local provider for the Dave Ramsey Show covering the greater Cincinnati and Northern KY area.
Mr. Sanders has a wealth of experience to share that is supported by impeccable financial credentials including over 37 years’ experience in the financial industry. He holds numerous degrees including accounting, business administration and finance. His experience includes accounting manager, corporate controller, CFO, government tax auditor, business consultant, and senior partner with various accounting/ tax/ auditing firms nationally.