Think Twice Before Skipping Payroll
Recent banking disruptions may create liquidity crisis for impacted employers. Employers may not have enough cash on hand, may consider skipping payroll obligations to conserve cash. Skipping even one payroll, however, can have dire legal consequences.
Fair Labor Standards Act Internal Revenue Code Section Work Adjustment Retraining Act Silicon Valley Bank Collapse Bank Liquidity
Source: natlawreview.com