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Audit Alert: You Have Been Selected for a Payroll Tax Audit How to Prepare for and Manage an Audit to Limit Its Impact on Your Company, and Your Career

Duration:
90 Minutes
Access:
6 months
Webinar Id:
33299
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Recorded Version

$199. One Participant
$399. Group Attendees

Group Attendees: Any number of participants

Recorded Version: Unlimited viewing for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)

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Overview:

Preparing for a payroll tax audit - OK. For all your best efforts, you have still been “selected.” Now is the time to BE REALLY CAREFUL. Learn how to negotiate both the time and expense involved in an audit. Learn how to prepare employees, and yourself, for interviews. What you say and how you say it matters. The records you provide can lead to so many other audits if you are not careful.

Dealing with assessments, penalties and interest. So the audit is over, or maybe just a simple mistake like late depositing or filing meant penalty and interest. Don’t take it lying down, once assessed, you have nothing to lose, so ask for waiver! Learn how to effectively do this, and when it is a lost cause. In audit situations, learn how to minimize consequences.

Why you should Attend: Your heart beats fast as you open the IRS or State payroll taxing authority letter. Your worst fears are realized, YOU HAVE BEEN “SELECTED” for a payroll tax audit. Months of nervousness await you, and you can’t avoid it. You hope that there is nothing seriously wrong, but now is not the time for hope. Instead, you have either operated in a way that ensures an affordable result, or you didn’t.

So how were you “selected?” Truth is, it is probably a red flag that gave you away. What is this red flag? It could be a number of things. So what do I do now? Or, if this scenario doesn’t apply to you yet, how can I be sure I don’t have anything to worry about? Join Mark Schwartz in this unique webinar, where you will learn how to prepare for an audit, and handle one when it comes, even if it is happening now.

Areas Covered in the Session:
  • Types of audits that require payroll and hr records
  • Current IRS Focus in their audit program
  • Consultant’s experience as a former auditor
  • How the IRS determines issues for your company
  • Audit penalties - how to minimize and/or get them waived
  • Audit assessments - payment proposals, appeals, etc.
  • How you and your employees should conduct yourself during an audit
  • Standing up for your rights
  • Responsible party assessments
  • What to do when it is all over

Who Will Benefit:
  • Payroll and HR Managers
  • Risk Management
  • Staff Financial Managers
  • Auditors
Instructor:

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 means 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.

Mr.Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. Mark has represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting your employees.

Mark prides himself on his outstanding customer service skills. He listens attentively to his clientele, helping them bridge the gap between the small business world and Government bureaucracy. He eagerly assists with clients needs and feels that educating clients toward faster, accurate and more complete payroll processes provide the most value.

Mark is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. Mark is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.


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