Razors Edge ★ Posted January 20, 2019 Share #1 Posted January 20, 2019 ...in what has become a mixed up and upside down world (advice for @Prophet Zacharia's BiL) Michael T. Westwick, Senior Accountant Stitely & Karstetter, PLLC provided financial guidance for small government businesses with contract workers. "The name of the game is cash flow," he said. Income is not coming in so watch expenses, Westwick cautioned. As for retaining key employees not being paid now, Westwick said, "Let them go...and have them file Virginia unemployment. They will receive some money there; then you can rehire them right back.” Westwick noted that the Virginia Unemployment Tax would go up, "maybe a couple hundred a year," but it may be worth it to retain the employees. 2 Link to comment Share on other sites More sharing options...
Tizeye Posted January 20, 2019 Share #2 Posted January 20, 2019 Usually, they fire/layoff the best employees because they are the top earners. They can then increase profits by hiring one (possibly 2) newbies at base entry salary. Are they going to re-hire these experienced employees at a decreased salary level, assuming not entry level but less that previously made? Probably not...so the newbie competition becomes a viable option on the hiring choice. Link to comment Share on other sites More sharing options...
Scrapr ★ Posted January 20, 2019 Share #3 Posted January 20, 2019 Pretty common in seasonal business. Work like heck in the summer. Laid off in January. Collect UI for 8 or 10 weeks. Go skiing. 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted January 20, 2019 Share #4 Posted January 20, 2019 I would not go back to a company that fired me. Those poor bastards are not the ones you want to be working for. Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted January 20, 2019 Author Share #5 Posted January 20, 2019 17 minutes ago, Dottles said: I would not go back to a company that fired me. Those poor bastards are not the ones you want to be working for. For contractors, it is either no pay and stay "employed" OR be laid off (and rehired) to be able to claim some small portion of their normal paycheck via unemployment. The second option is what the guy is suggesting for a good company to give their unpaid labor force a shot at having some income. 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted January 20, 2019 Share #6 Posted January 20, 2019 6 minutes ago, Razors Edge said: For contractors, it is either no pay and stay "employed" OR be laid off (and rehired) to be able to claim some small portion of their normal paycheck via unemployment. The second option is what the guy is suggesting for a good company to give their unpaid labor force a shot at having some income. That's common practice for companies and contractors. Link to comment Share on other sites More sharing options...
Razors Edge ★ Posted January 20, 2019 Author Share #7 Posted January 20, 2019 26 minutes ago, Dottles said: That's common practice for companies and contractors. That's a real shame. That's a shitty way to need to run a business. Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted January 20, 2019 Share #8 Posted January 20, 2019 Just now, Razors Edge said: That's a real shame. That's a shitty way to need to run a business. Definitely. Contractors get a lot of freedom and a lot of shit. Link to comment Share on other sites More sharing options...
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