July 23, 2020
What if my company started January 1, 2020? I won’t have payroll info for 2019.
Posted by Armanino Financial Advisory Team
For Salary Reduction Factor calculation purposes, you need to list every employee in Table 1 because they were hired in 2020. If any of them experienced a pay reduction of more than 25% as compared to Q1 2020, then you will need to calculate the reduction for those employees.