There are several laws that protect employee during the end of employment process. It is critical that payroll understand these laws and how to administer them. Sometimes these laws have to be considered at both the state and federal level. Taxation issues and or reporting becomes a concern for terminated employees. Special payment processing can be overwhelming as well.
- Review of different types of termination pay and how to properly handle them
- Discuss year end concerns for terminated employees
- How to properly handle deceased employees and legal settlements
- What special processing may be needed for severance or SUB pays
- Employment tax concerns