This year there are 53 weeks are there in a year. ours is a weekly payroll project. Please suggest me how to handly this 53rd week payroll. what we need to do to ensure the system accepts this 53rd week and need to ensure all employees get an extra week of tax credits and cut off point on a week 1 basis and these should reflect on the tax forms.
Please suggest me.
Thanks and Regards,
When you generate your payroll periods, the system will automatically generate the extra week of pay for the year, so you will have 53 pay periods instead of normally 52. For tax credits, these are given on an annual basis regardless of the amount of pay periods you have.