The ABC’s of Handling Garnishments and Abandoned Wages: What Payroll Professionals Need to Know in 2018
OVERVIEW
The
Consumer Credit Protection Act is designed to ensure fair and proper treatment
of people with debts. Garnishment orders include everything from a creditor
debt to child support. But what if your employee has more than one garnishment
order or declares bankruptcy because they are overwhelmed by their
situation? How does the employer handle the situation? How do the
garnishment orders get prioritized? What if the amount adds up to more
than the employee can bear? What are the limits on take home pay and
disposable earnings? What if an ex-employee fails to cash their paycheck
and you have lost touch with them?
 |
| Handling Garnishments and Abandoned Wages |
WHY
SHOULD YOU ATTEND
Join
Miles Hutchinson, CPA, CGMA to quickly ramp up on this complex law. Learn
how to prioritize all the garnishments against your employee’s wages.
Find out how the states upset the priority rules in certain situations and how
to keep track of the differences. Learn about valuable resources to help
you track garnishments and communicate with the courts while helping your
employee avoid living out of their car.
AREAS
COVERED
•
What is a garnishment?
•
Participate in a review and prioritization of the different types of
garnishments
•
When must companies process garnishment orders and may they terminate an
employee for these problems
•
Useful tables, charts and other key references for applying the withholding
rules and limitations
•
Determining disposable earnings and take home pay
•
Why are there different bases for calculating different garnishments
•
How to prioritize multiple garnishment orders served on the same employee – the
rules may surprise you
•
Exceptions to withholding – how to communicate with the source of the
garnishment order
•
What are the proper procedures for dealing with unclaimed or abandoned wages
LEARNING
OBJECTIVES
Garnishments
are a real thorn in the side. They take excessive amounts of time to
process and execute accurately. The boss just wants to fire the employee
who loses control of their finances for wasting precious company
resources. But we can’t do that…or can we? Join us to learn just
what the obligations and limits are on how many garnishments your employer is
required to manage for a single employee and how to process them quickly and
efficiently. Also get a handle on wage garnishment lawsand how to
communicate efficiently with the courts and collection agencies.
WHO
WILL BENEFIT
•
Payroll Managers
•
HR Managers
•
Tax Managers
•
Information Reporting Officers
•
Compliance Officers
•
Compliance Managers
•
CFOs
•
Controllers
•
Accounting Managers
•
Risk Managers
For more detail please click on this below
link:
Email: support@trainingdoyens.com
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
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