Ask HR: Payroll Advance vs. Employee Loan
Dear HR, I have several employees that always seem to be short of funds a week before payday and have asked me for a payroll advance. Also, I recently had a long-time employee ask for a loan – with the idea that he can make monthly payments back to me by having my bookkeeper deduct a monthly pay back payment. What are the rules for draws and employee loans? Are there any issues I might […]