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You can recoup loss for payroll error

by on
in Small Business Tax Deduction Strategies

Q. We direct-deposit the wages and salaries of most of our employees. Last week, two checks for the same pay period were deposited into an employee's account. Can we legally have the bank withdraw the extra funds from the employee's account? —M.F., California

A. Yes. First, you should immediately notify the employee in writing of the error and advise the employee of how you intend to handle the matter. The key to avoiding liability is to advise the employee and correct the error in the pay period immediately following discovery of the error.

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