Payroll Accounting
FUTA and SUTA taxes payable are these types of accounts.
What are Liabilities?
This is an independent company that processes its clients' payrolls for a fee.
What is a service provider?
This process begins when the decision is made to terminate the incumbent employee.
What is the hiring process?
This is the maximum that a temporary foreign assignment can realistically be expected to last for purposes of excluding employee business expense reimbursements from income.
What is 12 months?
This individual, how now works for the National APA, was the first president of NEOKAPA.
Who is Larry White?
This financial statement shows the net income or loss of a business.
What is an Income Statement?
This is a program that allows two systems to share data.
What is an interface?
This aspect of a job cannot be delegated.
What is accountability?
What is form 2555 (Foreign Earned Income)?
This talented, kind individual, who is very "artsy" was named the 2017 Oklahoma Payroll Professional of the year at the 2017 Oklahoma Statewide Payroll Conference.
Who is Lou Crespin?
Usually maintained in an automated accounting system, this document lists each account by name and number, with the number being used to identify accounts.
What is a chart of accounts?
This is the final test before going "live" with a new system.
What is parallel testing?
This is the most successful strategy for motivating employees.
What is rewarding positive behavior?
This is the place an employee intends to return to after a foreign assignment.
What is a Domicile?
This was the theme of the 2017 Oklahoma Statewide Payroll Conference.
What is "Who Done it"?
Within a payroll system these checks and balances are to ensure the accuracy of a company’s financial records and the security of its assets.
This document is utilized to design an in-house payroll system.
What is an RFP (Request for Proposal)?
"T.D." stand for this with the IRS publishes regulations.
What is Treasury Decision?
This is the term for the income tax an employee would have paid if the employee had remained in the U.S. rather than taking a foreign assignment.
What is Hypothetical tax?
This individual is responsible for creating our great monthly newsletter.
Who is Michelle Johnson?
This generally accepted accounting principle governs the recording of revenue.
What is realization?
This is a warning or alert built into the system that checks for errors and either corrects the error or notifies the operator that something may be wrong.
What is a system edit?
This is an IRS decision as to how tax laws apply to a set of facts involving a singe taxpayer.
What is a Private Letter Ruling?
This term describes income earned by resident aliens that subject to federal income tax.
What is World-wide income?
This individual, who loves cats and Halloween, sends out your RCH certificates, and preforms many other duties (including keeping LaTisha in line!).
Who is Cris Converse?
This accounting concept recognizes revenue and expenses being recorded in the same accounting period.
What is Matching?
After the new system has been selected and approved, this is the next step in the selection process.
What is Implementation?
These types of questions work best in a hiring interview.
What are open-ended questions?
Employers wishing to bring aliens of extraordinary ability in the arts, sciences, education, or athletics to the U.S. seek this visa.
What is O-1?
This individual is a member of the National APA speakers bureau and teaches at Congress almost every year.
Who is LaTisha O'Neal?