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On-demand Pay Updates & Compliance for Employers
On-Demand Recording
Summary
Many employers offering on-demand, or earned wage access (EWA), as part of their benefit plan are not properly handling this pay option - leading to costly fines. The Treasury Department has proposed new legislation that should help clarify the tax treatment of on-demand pay arrangements for employers.
In this 60-minute, instructor-led event you will learn how to accurately process on-demand pay, plus how proposed legislation will impact your payroll procedures. Join us to discover:
- Clear explanation of tax requirements for on-demand pay
- 4 key parts of the Treasury’s on-demand pay proposal
- State-specific paycard requirements that impact your EWA plan
- Documenting and using EWA policies and procedures uniformly
- Payroll provider or software-specific guidelines you may need to consider
On-demand Pay Compliance Updates & Best Practices
- The Treasury’s on-demand pay proposal to assist employers
- Managing access to earned wages through a paycard program
- Questions to ask vendors who may be managing this process
- Other options for helping employees who want this benefit
- When should employers make this available to employees?
Designing an Accurate Earned Wage Access Benefit Plan
- Keys to ensuring timely tax payments
- How to comply with garnishment orders
- Creating a written plan for implementation and processing
- Is EWA a loan or advance - and why does this matter?
- What to include in your EWA policies and procedures
Question and Answer Session - Your specific questions will be addressed!
Program Benefits
Join our 60-minute program to the learn tools employers need to plan and execute a solid on-demand pay plan, ensure compliance with regulatory agencies, and the impact of the Treasury’s proposed changes.
If you'd like this program customized for your organization, call us at 1-800-964-6033.
We're certain we can fulfill your training needs, while making it fit in your budget!
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FOR ONLY $99
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HRCI CREDITS
This program has been approved for 1 (HR (General)) recertification credit hour toward aPHRTM, aPHRiTM, PHR®, PHRca®, SPHR®, GPHR®, PHRiTM and SPHRiTM recertification through the HR Certification Institute. Learn more at hrci.org
SHRM CREDITS
HRMorning is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®. This program is valid for 1 PDCs for the SHRM-CP® or SHRM-SCP®. For more information about certification or recertification, please visit www.shrmcertification.org.
