John is implementing Fusion Payroll for Money More Companies that has multiple legal entities and tax reporting entities. John needs help on how to setup the components in Fusion so that the taxes are withheld correctly all employees for that company.
Are you in John’s shoes and need some guidance?
Before we see what needs to be done in Fusion, let’s try to understand the meaning of Common Paymaster. Below is the definition from Business Dictionary.
A single position or entity designated by a large corporation under the “common paymaster rule” that is responsible for maintaining the payroll records of employees paid by multiple subsidiaries within the company in order to avoid paying extra payroll taxes.
The following video explains the concept of Common Paymaster in Fusion Payroll.
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