Navigating Termination Pay: A Comprehensive Guide for Employers

Understanding the intricacies of payroll laws and regulations regarding terminated employees is crucial to ensure compliance. This webinar, led by industry expert Dayna J. Reum, CPP, FPC, will delve into the complexities that employers encounter when dealing with payments to terminated associates. Dayna will provide a comprehensive overview, covering everything from final pay to stock options, and even payments that may arise years after an employee's termination.

The session will also address the challenging scenario of paying legal settlements to terminated employees, offering insights on tax implications and strategies for handling taxes related to various types of termination pay. By attending this webinar, payroll professionals will gain valuable knowledge and practical guidance to navigate these complex issues effectively and ensure compliance with state and federal laws.

Webinar Agenda

• Review of different types of term pay from vacation pay to golden parachute payments.
• Discussion around Stock options and Deferred compensation after termination
• Taxation concerns in regard to payments made to terminated employees
• Timing of final pay for terminated employees including state law requirements
• Year end concerns
• Discussion around death payments paying and reporting
• How to handle legal settlements
• Record Retention Concerns

Webinar Highlights

• If a multi-state employer this webinar is a must to make sure that an employer is compliant with final pay laws.
• This webinar will give the better understanding of which states DOL laws to follow
• How the properly handle the final pay for employees that are deceased
• Terminations that turn into legal settlements and they should properly be handled.

Who Should Attend

Payroll and Tax Professionals