Off-cycle payments are payments of wages and benefits which are made outside of the regular payroll run. Some off-cycle payments are the result of errors, but many are due to bonus, retroactive, or termination payments. Whether the result of error or design, off-cycle payments cost time and money. This webinar will discuss proven methods to reduce uncertainty and minimize payroll costs.

Join Patrick Haggerty, educator, tax consultant and author as he discusses the following:

• Identification and control techniques to minimize avoidable off-cycle payments.
• Termination pay using a checklist to minimize the need for subsequent checks
• Best practices and strategies for dealing with off cycle payments
• How to assess the real cost of off-cycle payments
• Building a business case for cost saving policy and procedural changes
• How to get to the root causes of avoidable off-cycle payments.
• New-hire intake procedures that affect off-cycle payments.
• Planning techniques that minimize the impact of bonus and retroactive payments

Patrick Haggerty, Educator, Tax Consultant and Author

 
Patrick Haggerty is an educator, tax consultant, and author. His career includes
non-profit organization management, banking, manufacturing accounting and tax
practice. Since 1988 he's taught accounting at the college level and regularly speaks before business and professional groups. He is a Certified Management Accountant, holds a Michigan CPA license, and is an Enrolled Agent licensed by the US Treasury Department to represent taxpayers before the IRS. He is the author of the popular Ask Professor Payroll column published in IOMAs Payroll Practitioners Monthly.