TomD
2 years agoTrusted Cover User
Advance Payment
I am considering how to assist a staff member with some cashflow problems and wonder what the process would be for paying wages in advance or providing a cash advance via the payroll system. Would I need to enter additional hours or just enter a $ amount. I am concerned with STP reporting, it would become quite messy and likely incorrect. The idea is for the employee to get some money upfront to be repaid later from his wages.
Alternatively I would consider giving him the money privately and for the employee to repay me back privately.
Any comments on either path?