Payroll Tips, Tricks & Traps for Nonprofit Organizations
The easiest way to face undesired tax consequences is to stumble and fall in payroll reporting. This session will describe common areas where payroll errors occur and discuss ways to avoid the errors and the unwanted consequence
Major Topics:
- Worker classification
- Understanding fringe benefits and how they operate
- Core concepts for identifying hidden sources of taxable income
- Understanding core reporting responsibilities
Learning Objectives:
- Learn how to identify common errors in the area of payroll that may cause an organization to stumble.
- Better understand the concepts behind fringe benefits and how they operate.
Skill Level: Basic
Field of Study: Tax
CPE Hours: 1.5