1. Employee Information:
Check that all employee records are up to date and accurate, including name, address, Social Security Number, tax withholding information, and other required details.
2. Time Tracking:
Ensure that hours worked are accurately recorded and accurately converted into payroll amounts.
3. Payroll Tax Withholding:
Verify that taxes are correctly withheld from employee wages and deposited to the appropriate government agencies.
4. Payment Amounts:
Verify that employees receive correct pay amounts, including salary, bonuses, and other compensation such as overtime or holiday pay.
5. Benefits Administration:
Audit employee benefit eligibility information, contributions, and deductions for health insurance, retirement plans, and other benefits.
6. Reports Review:
Check payroll reports for accuracy according to required regulations and/or company policies.
7. Recordkeeping Compliance:
Confirm that all relevant documents (e.g., timesheets, and tax forms) are properly maintained by applicable laws and regulations.
8. Legal Compliance:
Review compliance with relevant employment laws, such as the Fair Labor Standards Act, the Family Medical Leave Act, and other applicable regulations.