Dept of Labor’s PAID self-audit program

OVERVIEW

The Wage and Hour Division’s (WHD) new nationwide pilot program, the Payroll Audit Independent Determination (PAID) program, facilitates resolution of potential overtime and minimum wage violations under the Fair Labor Standards Act (FLSA). The program’s primary objectives are to resolve such claims expeditiously and without litigation, to improve employers’ compliance with overtime and minimum wage obligations, and to ensure that more employees receive the back wages they are owed—faster.

WHY SHOULD YOU ATTEND

Under the PAID program, employers are encouraged to conduct audits and, if they discover overtime or minimum wage violations, to self-report those violations. Employers may then work in good faith with WHD to correct their mistakes and to quickly provide 100% of the back wages due to their affected employees.

Mark Schwartz is uniquely qualified to conduct a webinar that will help you take advantage of this “once in a lifetime” offer from the US DOL. Not only is Mark a payroll tax expert, he was also an internal auditor, as well as a payroll tax auditor. So

Mark not only knows what tax auditors are looking for, but how businesses can assess the risk to themselves, and how to mitigate those risks.

LEARNING OBJECTIVES

1} What the PAID program is and how it works

2} Federal and State requirements for overtime and minimum wage. Where to find information.

3} How to conduct a self – audit and determine potential exposure.

4} What to do if severely out of compliance.

5} How to “clean up” your system for future compliance.

AREAS COVERED

• What payroll areas do the DOL expect you to review for compliance?
• What rules do you need to review for your compliance?
• What are some of the most common errors employers make in these areas?
• What do you do if you find violations?
• What penalties and interest will be waived if you self audit?
• Where can you find help if you need it?
• Where can you find more information if you need it?

WHO WILL BENEFIT?

• Department and Hiring Managers
• HR and Payroll Managers
• CFO’s and accounting managers
• Budget personnel

SPEAKER

Mark Schwartz is an employment tax specialist and has over 15 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of 20 ongoing audits, from small home-based businesses to large multi-national corporations. He is expert at defining regulatory and statutory requirements from local, State and Federal government agencies; and helping the average businessperson understand what that mean to their business. He has processed weekly and bi-weekly payroll checks plus tax forms for businesses with hourly as well as exempt workers, multistate operations and a wide variety of benefits.

Others Details

Time: 12:30 PM EST| 09:30 AM PST