As a payroll leader you learn that your company is anticipating or in the process of a merger or acquisition do you know what that means for payroll. Yes as payroll leaders we understand there will be employees that will be transferred to our payroll system and there will be testing and validation for those employee data transfers, but do we understand in which cases that we may need to merge EINβs (Employer Identification Number) or even get a new EIN. Did you know depending on the legal definition of the type of transaction such as an asset acquisition or a merger that your company may be liable for the employee W-2βs for the time βbeforeβ that transaction took place.
Mergers & Acquisitions: What are the Payroll and HR Ramifications?
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