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Question for tax experts/CPA's and the likes
Posted on 11/20/14 at 6:29 pm
Posted on 11/20/14 at 6:29 pm
Company sent out an email today saying they are moving our first pay check of 2015 to dec 31 2014. So this year we will get paid 27 times instead of 26 times. And I guess in 2015 we will get paid 25 times ( just a guess bc they never specified). My question is why are they doing this and are the employees getting screwed?
Posted on 11/20/14 at 8:02 pm to LSUEEAlum
What day of the month do you normally get paid on?
Posted on 11/20/14 at 8:13 pm to LSUEEAlum
If your employer files cash basis tax returns, they are accelerating tax deductions into 2014.
Posted on 11/20/14 at 8:19 pm to LSUEEAlum
Sounds like they are increasing thier deductions for 2014, which will increase your tax liability in 2014
Do you normally get paid on the first? The first of January is a holiday, do they normally pay you the day before if payday falls on a holiday, or Sunday? If so not too big of a deal
But your post says you are getting paid 27 vs 26 times so that leads me to believe you get paid biweekly, if so is Friday normally your pay day and now they are moving it to Wednesday for one pay period, that is a little more suspicious, not sure you can do anything though
Do you normally get paid on the first? The first of January is a holiday, do they normally pay you the day before if payday falls on a holiday, or Sunday? If so not too big of a deal
But your post says you are getting paid 27 vs 26 times so that leads me to believe you get paid biweekly, if so is Friday normally your pay day and now they are moving it to Wednesday for one pay period, that is a little more suspicious, not sure you can do anything though
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