Leap Year and Your Payroll

Does leap year, which occurs every 4 years, affect your payroll? Depends on whether your employees are salaried or hourly. It could result in an extra paycheck for salaried employees. SHRM.org explains how this can happen, depending on how payroll is processed.

Don't miss out on critical updates -- find the Supplements for both tax books on my blog here and here.

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