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Book Description

The Payroll Book is the only book that demystifies payroll with clear, concise, and real-world examples on how to tackle the process.

"The Payroll Book will be a valuable resource for the small business owner as well as for the entrepreneur planning a new venture. Thorough, well-organized, and thoughtfully written, this practical guide is an essential tool for managing the payroll process."
—Marilyn K. Wiley, Dean, College of Business, University of North Texas

"Failing to comply with the withholding, tax remittance, and report filing requirements in handling business payroll carries a high cost. Charles' book will guide entrepreneurs through the minefields of payroll processing and reporting in language that business owners can understand. Whether you already own or are planning to start your own business, The Payroll Book is an essential tool."
—James A. Smith, Past President and Chairman, Texas Society of CPAs

"If accounting is something you have not paid keen attention to in your startup, then this book can demystify the whole thing for you and then some! Logically set-up and highly practical in its approach! I highly recommend this book for any startup, entrepreneur, and, frankly, anyone thinking about starting a business. That said, if you already started a business it's just as important—this is a must-read!"
—Hubert Zajicek, CEO, Co-founder and Partner, Health Wildcatters

"Wow! This is the most comprehensive book of its kind. I have worked in payroll for over 25 years, and I would recommend this book as a reference to anyone who has a hand in payroll. From the novice just entering the field to the seasoned veteran, there is something in this book for everyone."
—Romeo Chicco, President, PayMaster

Table of Contents

  1. Cover
  2. Preface
    1. HOW TO USE THIS BOOK
    2. ICONS USED
  3. PART I: Payroll Setup
    1. CHAPTER 1: Business Entity
      1. CORPORATION
      2. PARTNERSHIP
      3. SOLE PROPRIETORSHIP
      4. LIMITED LIABILITY COMPANY (LLC)
    2. CHAPTER 2: Employees and Nonemployees
      1. YOU
      2. FAMILY MEMBERS
      3. EMPLOYEES VERSUS INDEPENDENT CONTRACTORS
      4. STATUTORY EMPLOYEES AND STATUTORY NONEMPLOYEES
      5. CHILDREN
      6. VOLUNTEERS
      7. INTERNS
      8. RELIGIOUS WORKERS
    3. CHAPTER 3: Earnings
      1. SALARY
      2. EXECUTIVE EXEMPTION
      3. ADMINISTRATIVE EXEMPTION
      4. PROFESSIONAL EXEMPTION
      5. HIGHLY COMPENSATED EMPLOYEES
      6. ADDITIONAL GUIDANCE
      7. WHEN AN EMPLOYER MAY MAKE DEDUCTIONS FROM SALARY PAYROLL
      8. HOURLY WAGE
      9. BASIC PROVISIONS/REQUIREMENTS
      10. PIECEWORK
      11. TRAINING WAGE
      12. SUBMINIMUM WAGE PROVISIONS
      13. OTHER PAYROLL CATEGORIES
    4. CHAPTER 4: Deductions
      1. VOLUNTARY DEDUCTIONS
      2. INVOLUNTARY DEDUCTIONS
      3. PRE-TAX DEDUCTIONS
    5. CHAPTER 5: Taxes
      1. TAX NUMBERS
      2. EMPLOYEE TAXES
    6. CHAPTER 6: Tax Penalties
    7. CHAPTER 7: Workweek, Pay Period, Payday
      1. WORKWEEK
      2. PAY FREQUENCY (PAY PERIOD)
      3. PAYDAY
    8. CHAPTER 8: The Law
      1. FEDERAL
      2. FMLA (FAMILY MEDICAL LEAVE ACT)
      3. AFFORDABLE CARE ACT
      4. NEW HIRE REPORTING
      5. LABOR POSTERS
      6. DAVIS-BACON AND WALSH-HEALY
      7. THE EQUAL PAY ACT (EPA)
  4. PART II: Running a Payroll
    1. CHAPTER 9: Collecting Time
      1. TIME CLOCKS
      2. TIMESHEETS
      3. SALARIED EMPLOYEES' TIME
    2. CHAPTER 10: Calculating Payroll
      1. CALCULATE EARNINGS HOURLY
      2. OVERTIME IF A STAFF MEMBER WORKS DIFFERENT POSITIONS AT DIFFERENT RATES
      3. ADDITIONS TO EARNINGS
      4. REDUCTIONS TO EARNINGS
    3. CHAPTER 11: Paying Your Employee
      1. METHOD OF PAYMENT
      2. WAGES FOR DECEASED EMPLOYEES
    4. CHAPTER 12: Taxes Depositing and Filing
  5. PART III: Additional Essential Components
    1. CHAPTER 13: Record keeping
      1. INTERNAL REVENUE SERVICE
      2. DEPARTMENT OF LABOR
      3. FAMILY AND MEDICAL LEAVE ACT (IF YOU HAVE 50 EMPLOYEES OR MORE)
      4. TITLE VII OF THE CIVIL RIGHTS ACT OF 1964 AND THE AMERICANS WITH DISABILITY ACT OF 1990
      5. THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967
      6. THE IMMIGRATION REFORM AND CONTROL ACT
      7. PAYROLL AND DIRECT DEPOSIT RECORDS IN GENERAL
      8. EMPLOYEE HANDBOOK/POLICY MANUAL
      9. MEDICAL INSURANCE
    2. CHAPTER 14: Workers' Compensation Insurance
      1. WHAT IS WORKERS' COMPENSATION INSURANCE?
      2. MONOPOLISTIC STATES VERSUS NONMONOPOLISTIC WORKERS' COMP STATES
      3. COST OF WORKERS' COMP COVERAGE
    3. CHAPTER 15: Payroll Security and Internal Controls
      1. MANUALS AND PROCEDURES
      2. WHO ARE YOU HIRING?
      3. INTERNAL CONTROLS
      4. DISASTER RECOVERY
      5. FORM 944
    4. CHAPTER 16: US Citizens Abroad, Resident and Nonresident Aliens, and Illegal Aliens
      1. NONRESIDENT ALIEN SERVICES PERFORMED OUTSIDE THE UNITED STATES
      2. PAYING NONRESIDENT ALIENS INSIDE THE UNITED STATES
      3. EXCEPTIONS TO MANDATORY WITHHOLDING OF FIT ON NONRESIDENT ALIENS
      4. PAYING ILLEGAL ALIENS
    5. CHAPTER 17: Other Issues
      1. PROFESSIONAL EMPLOYER ORGANIZATION (PEO)
      2. HUMAN RESOURCE MANAGEMENT OR HR
      3. ESCHEAT
      4. TECHNOLOGY/OUTSOURCING
      5. FEDERAL LAWS BASED ON THE NUMBER OF EMPLOYEES
      6. THE EMPLOYEE HANDBOOK/POLICY MANUAL
  6. Conclusion
  7. Appendix: Payroll Tax Calendar
  8. Glossary
  9. Index
  10. End User License Agreement
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