How to Properly Calculate Garnishment Deductions:
- How should employers calculate garnishment deductions? Should this be based on the law, the specific order, or a combination of both?
- Understanding Lump-Sum Reporting Requirements: What are the reporting requirements for lump-sum payments, and how can employers ensure compliance?
- Proper Order of Garnishment Priority: When an employer receives multiple garnishment orders, how should they determine the priority? What is the correct order of precedence?
- Determining Which Law to Follow (State vs. Federal): How can employers determine whether to follow state law or federal law when there’s a conflict or overlap?
- Student Loan Garnishments: What are the latest updates regarding student loan garnishments?
Why you should Attend:
Garnishments are a requirement of doing business and having employees but juggling the requirements of different types of garnishments and federal and state laws can be exhausting.
This webinar will give you the tips and tools to know how to stay compliant and process garnishments Will talk about all the recent updates to Garnishment legislation. Along with challenges and risks employers hold when not properly handling garnishments properly. This webinar will prepare the payroll professional for proper handling and processing of garnishments.
Areas Covered in the Session:
1.) Child Support Review
- Employer Responsibility/Employee Protections
- Priority of Withholding/Multiple Orders
- Child Support withholding requirements
- Defining Income/Calculating disposable pay
- Lump Sum Payments
- Calculating Child Support Payments
- When to remit payments
- Administrative fees
- Handling terminated employees
- E-IWO (electronic income withholding orders)
- Other Child Support Concerns
- Medical Support Orders
- Details of State Requirements
2.) Levy Review
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- Federal Tax Levies
- Forms
- Priorities
- Calculating deductions
- Special Situations
- Remittance Requirements
- Voluntary Deductions
- Other Federal Garnishments/CARES Act
- State Tax Levies
- Requirements
- State Laws
- Federal Tax Levies
3.) Creditor Garnishments
Who should Attend:-
- HR Managers and Directors
- Payroll Analyst
- Payroll Specialist
- Payroll Managers
- Payroll Directors
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