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To Advance or Not to Advance As a business owner of more than one company for over 16 years, I have a set policy in place as far as employee payroll advances.
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You can use QuickBooks to give an employee an advance on upcoming pay, which can then be reimbursed to the company through payroll deductions.
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A Sample Format of Employee Cash Advance Policy & Procedures.
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Internal Revenue Service: Employees' Pay
You can generally deduct the amount you pay your employees for the services they perform. The pay may be in cash, property, or services.
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