Associate Member Spotlight: Casey Peterson, Ltd

3 THINGS TO KEEP IN MIND FOR LEAP YEAR PAYROLL

You might not think adding an extra day to the calendar in 2020 would be much of a big deal … until you consider the payroll implications.

Depending on when employees in your organization get paid, there may be an extra pay period or paycheck in 2020.

Even in non-leap years, if employees get paid weekly or every other week, there are usually additional paydays. But a leap year can compound those days.

Quick calendar lesson: In a 365-day year, six days happen 52 times, and one day happens 53 times. (For instance, in 2019, there were 53 Tuesdays.) In a leap year, there are two days that happen 53 times. (In 2020, those two days will be Wednesdays and Thursdays.)

So, if your organization’s payday is on Wednesday, Jan. 1, 2020, or Thursday, Jan. 2, 2020, you may need to make adjustments.

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About Casey Peterson:

Casey Peterson, Ltd. provides traditional public accounting services such as taxes, accounting and audit services. In addition, the firm provides numerous specialty services such as health care consulting, financial planning, litigation support and valuation services among various other unique services.

Health care services are unique – Casey Peterson, Ltd. has professionals that work as interim CFOs and controllers. These professionals work with on-staff hospital administrators and other healthcare professionals to have a real understanding of the health care world. Those same professionals are also involved in rural health care reimbursement and operational consulting work, as well as audit work. The firm also employs a former hospital and nursing home administrator to help create value for our clients.

About SDAHO Associate Membership:

SDAHO Associate Membership is available to organizations which do not qualify for institutional membership. Our Associate Members are a diverse group that includes national and multi-office consulting firms, accounting and law firms, health care suppliers, associations, local firms working with community health providers and others.​