
Advantage Arkansas Program Form Employee Payroll Certification Audit Request


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People also ask
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What is the consolidated incentive act in Arkansas?
The Consolidated Incentive Act 182 of 2003, as amended, provides an income tax credit to an eligible company for creating new jobs after the company has signed a financial incentive agreement with the Arkansas Economic Development Commission.
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How often do companies do payroll audits?
Given the high number of legal changes that can have a direct or indirect impact on payroll processing, organizations should make sure to carry out an internal payroll audit at least once every year—but ideally more often than that.
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Why am I being selected for an audit?
Selection for an audit does not always suggest there's a problem. The IRS uses several different selection methods: Random selection and computer screening - sometimes returns are selected based solely on a statistical formula. We compare your tax return against "norms" for similar returns.
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Why am I getting a payroll audit?
A payroll audit can occur for many reasons: someone from the government comes calling because you may have done something wrong; an employee makes a claim of unfair pay practices, or; you simply decide to review your own procedures, either internally or by using and independent third party such as an accountant.
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Why am I being audited by the Department of Labor?
Sometimes these audits are triggered by an employee complaint, but they can also occur in targeted low-wage industries such as agriculture, restaurants, garment manufacturing, guard services, day-care centers and hospitality to screen wage and hour violations.
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What is the purpose of a payroll audit?
A payroll audit is the process of reviewing your company's payroll data, documents and processes to ensure everything is correct. During a payroll audit, you verify that you're paying each employee the correct salary and appropriately managing your company's payroll withholding.
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