AP and Payroll Collaboration Made Easy for Seamless Compliance

In the dynamic world of business, the cohesive relationship between Accounts Payable (AP) and payroll departments is a game-changer. Seamlessly coordinating payments and IRS reporting is the foundation of your company's financial health.

Our webinar unveils the secrets of successful collaboration, empowering leaders of both teams to work hand-in-hand. Together, they forge a formidable alliance, keeping your business compliant and steering clear of costly reporting and payment blunders.

With a perfect blend of HR and finance expertise, payroll professionals are the linchpin of your organizational structure. Whether reporting to HR or finance, they must collaborate with the AP department to handle diverse payments and reporting needs.

Join us as we demystify the intricacies of this shared partnership. Our expert speakers will equip you with practical strategies to streamline operations and propel your company towards compliance excellence.

Don't miss this chance to unlock the potential of AP-payroll harmony. Together, we'll pave the way for your business to thrive in today's ever-changing landscape!

 Areas covered in the session:

• Detailed discussion on the difference between the 1099 and the Form W-2 and which department should report what
• Discussion on employee versus independent contractor and how to tell the difference
• Director Fee payments and how to handle them correctly
• Death payments and what is reported by payroll and what AP should report
• Legal Settlement Payments and how those should be paid and reported by payroll and AP
• How to best handle business expenses along with tax-ability concerns
• Review of the cost of non-compliance for tax withholding and tax reporting purposes
• What does each department need from each other to be successful
• Discuss fringe benefits and the impact
• Form W-9 what it is and who should be responsible for it
• Common mistakes each department makes that can be costly to the company

Who Should Attend:

• Payroll Managers
• Payroll Professionals
• AP Managers
• Controllers
• Accountants

Speaker Bio: Dayna Reum

Dayna currently is the director of payroll operations at a major medical center in Chicago and has been heavily involved in the payroll field for more than 20 years.

She started as a payroll clerk at a small Tucson company but moved on to be a payroll team leader at Honeywell Inc.

During her time at Honeywell Inc., she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. Dayna has also received several merit awards for customer service and acquisitions, and divestiture.

She also serves on the National American Payroll Association on the national Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee), and received a citation of merit for her service along with being a gold pin member of the APA.

Dayna is also a CPP (Certified Payroll Professional) through the APA and certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.