July 23, 2020
I had to terminate two individuals for cause during the Covered Period. Does that count against my FTE reduction?
Posted by Armanino Financial Advisory Team
Any employees who were fired for cause or voluntarily resigned and were not backfilled during the Covered Period will not count against your FTE reduction calculation. You should enter those positions as an FTE reduction exception at the bottom of Table 1 for Box 2 if during any period in 2019 they did not earn an annualized rate greater than $100,000.