Discussion:Common Pay Agent classification
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Discussion Forum Index --> Accounting Questions --> Common Pay Agent classification
26 July 2013 | |
I'm preparing financial statements for a new client, who has a common pay agent arrangement with the provider of their workers compensation insurance. They used to have a leased employee arrangement with their former w/c insurance provider, but when they switched last year, the arrangement is now common pay agent. I'm trying to research the correct way to report the payroll expenses on the profit & loss statement. Do they get recorded as wages (in the past they were recorded as "employee leasing expense")? Anyone have experience with this that can tell me the proper way to report this? |
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