Many employers pay their salaried employees an annual salary amount that is paid in twenty-six biweekly installments over the course of each year, most often with payday on a Friday. But if the first Friday payday in 2026 is January 2nd, the last bi-weekly payday in 2026 will be Thursday December 31st, because Friday January 1, 2027 is a bank holiday and banks are closed. Most employers pay employees a day early if banks are closed on a Friday payday. As a result, there will be twenty-seven payd...
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Now that the Payroll Protection Plan loans have started funding – the questions re: how to qualify for forgiveness and how to coordinate these funds with other benefits are on everyone’s mind. School bus contractors have their own unique difficulties in this area, especially in coordination with their contracts and the school year calendar. Just like the application process, the tax issues are as clear as mud in many regards. Some questions can be answered, but some just cannot, so far. So, Ri...
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