This advice is partly informed by the way payroll and payroll taxes is special cased legally and can result in you personally being held liable for the company’s debts, but mostly informed by the special moral responsibility employers have to employees above all other accounts.
-
-
Show this thread
-
Every other counterparty is a sophisticated business which has already priced in your counterparty risk. Employees treat payroll as a sacred trust. That may be suboptimal personal financial management but they’re outsourcing sophisticated risk management to a business i.e. you.
Show this thread
End of conversation
New conversation -
-
-
Are we all lowkey subtweeting the govt right now?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Been asked “what’s the minimum you can get by on this month?” a couple of times at a banking startup I worked at some years back...
-
Banking start up?
- 1 more reply
New conversation -
-
-
This has regrettably happened to me.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
You can get away with not making payroll if you're the US Government, though...
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Do you think it's unacceptable for a company to not budget for fully paying every person's performance linked salary component in a small team?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.