07-08-2014, 03:49 PM
I've owned PAYX for a while now. Great starting yield and steady raises.
The float time on the taxes withheld depends on the size of the withholding from each company. Small companies can be end of the quarter or end of the month. Larger companies are 5 days. Payroll is pulled out the day before payroll so they have the payroll float for one day since nearly all companies are on direct deposit now.
The float time on the taxes withheld depends on the size of the withholding from each company. Small companies can be end of the quarter or end of the month. Larger companies are 5 days. Payroll is pulled out the day before payroll so they have the payroll float for one day since nearly all companies are on direct deposit now.