We advise that all companies keep very accurate records on the hiring and release dates of all employees along with the hours worked. This may make a difference when responding to the Unemployment claims that may come in. If an employee quits, then this must also be documented properly.
If you are asking this question, then its probably time for a new accountant. Call our offices today. As highly recommended CPA's and Enrolled Agents providing financial accounting and taxation services in the Chicagoland Area, we have the experience to help you and your company. Call or e-mail Chris Amundson today.
Enter your email and receive a free 15 minute consultation
I have used Chris and Julie at Accounting Solutions for nearly a decade now for my publishing business, through good times and bad, and I have found their sage advice and quality work to be essential to navigating my business through these trying times. I can honestly say that they have saved me from making financial and business decisions that, in hindsight, could easily have destroyed my business.
Ronald Roenigk,
Publisher, Inside Publications